|04-24-12, 12:00 PM||#1|
Join Date: Jun 2009
Terascala Gets Series B Funding for Storage IO Optimization
Today Terascala announced that it has closed a $14 million Series B funding round to significantly expand research and development, marketing, customer support, to develop strategic alliances, and to fuel international expansion.
Storage I/O optimization is rapidly becoming a core requirement for big data applications,' said Terri McClure, senior analyst at Enterprise Strategy Group. 'Terascala is a leader in the development of solutions that address this requirement, and the fact that its product runs on an open source file system and on industry-standard platforms makes for a very compelling value proposition in a price sensitive market.'Read the Full Story.
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