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Active Circle raises $11M in Round B funding Paris, France, September 8th, 2008 - Active Circle has announced the closing of its second round of funding, securing investments totaling $11 million from Innovacom (a first round investor), OTC Asset Management, and Quest For Growth, a European investment fund. Active Circle was advised by Aelios Finance. Active Circle has developed and markets an innovative software-based solution that responds to the market need for storage and archiving of very large volumes of data. Active Circle software delivers a set of value-added storage services that include hierarchical storage, archiving, replication, data security, and continuity of service. The Active Circle solution helps customers stay ahead of data growth and move away from proprietary storage solutions. "The first round of funding allowed Active Circle to conduct an intensive R&D program over 3 years, to develop a unique technology and to reach its initial business objectives. This second round provides the company with the means to reach the next level and to accelerate international business development," explain Dominique Vinay, President, and Philippe Lerer, CEO, of Active Circle. |
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