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Revivio Secures $25 Million in Series C Funding Round
LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 18, 2005--
Revivio(R), Inc., the leader in continuous data protection, today announced that it has secured $25 million in its Series C funding round, bringing the company's total equity funding to date to $55 million. Leading the round was new investor Nomura International plc, who was joined by existing investors Bessemer Venture Partners, Charles River Ventures, Flagship Ventures, Globespan Capital Partners, and Eastward Capital Partners, as well as an additional new investor, Lighthouse Capital Partners. The capital raised will be used for go-to-market initiatives and further technology development.
"We watch global technology markets very carefully as both investors and IT buyers and we have identified continuous data protection as one of the most exciting growth categories," said Andrew Healey, head of Technology Private Equity Group, Nomura International plc. "We believe Revivio will continue to dominate and lead this space with its unique and innovative technology."
Continued Healey, "We have been very impressed by the enthusiastic support of customers we have spoken to, and their confirmation that Revivio's Continuous Protection System provides a truly scalable enterprise class solution. Moreover, the company has a first class team of industry veterans who we are confident will take this opportunity forward. We look forward to working with the company to aid their global expansion."
"We've been fortunate to have the opportunity to work with a group of world-class investors," stated Paul Lewis, chief executive officer of Revivio. "As a highly renowned financial institution, Nomura immediately understood the impact of our technology and shared our vision for its future. We are thrilled to have Nomura lead this round of funding."
"Revivio has secured this significant level of investment because of its vision and proven ability to execute," said Peter Gerr, an analyst with the Enterprise Strategy Group (ESG). "Revivio's technology delivers dramatically better data protection than competing technologies, enabling administrators to recover applications in just minutes versus hours or even days. It also supports the growing business need for continuous data and application availability, as well as the need for overall process simplification."
Lewis added, "The addition of Nomura and Lighthouse to our already strong investor team is an exceptional vote of confidence in Revivio and its technology. This investment stands as further validation of the growing importance of continuous data protection and its ability to provide a simpler, more efficient and more cost-effective alternative to the single point in time solutions offered today by large conventional storage vendors. Within a few years, CDP will become the gold standard for data protection, offering IT organizations worldwide significantly lower costs and vastly higher uptime."
For further information about Nomura International plc, Bessemer Venture Partners, Charles River Ventures, Flagship Ventures, Globespan Capital Partners, Eastward Capital Partners, and Lighthouse Capital Partners please visit their respective Web sites at: www.nomura.com, www.bvp.com, www.charlesriverventures.com, www.flagshipventures.com, www.glopespancapital.com, www.eastwardcp.com and www.lcpartners.com.
The Revivio Continuous Protection System (CPS) allows companies to restore data instantly to any point in time and recover business applications in just minutes. A fully fault-tolerant appliance, the CPS 1200 supports the high availability required of mission-critical applications, yet seamlessly and non-disruptively fits into any enterprise environment. It also delivers the reliability, serviceability and scalability required by highly sophisticated enterprise datacenters. Unlike traditional data protection methods, Revivio's patent-pending technology allows access to data at infinitely variable points in time. Administrators can instantly access all volumes used by an application - the entire dataset - as they existed at any previous point in time, and rapidly recover applications to ensure business continuity and minimize data loss.
Nomura is a global investment bank dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, 133 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking and asset management.
Through its merchant banking division, Nomura is an active private equity investor with a global portfolio of $2.9bn. The Private Equity Group (PEG), based in London, is a late-stage investor active in the healthcare and technology sectors. Since its creation in 1997, PEG has invested in over 50 companies in the Technology sector, in the US and Europe. Nomura seeks to add value to its investee companies through its relationships with global investors and corporations, its network of advisors, and through sector knowledge. For further information about Nomura please visit its website at www.nomura.com.
Revivio, Inc. is the leader in the new field of continuous data protection (CDP). Revivio's Continuous Protection System is a groundbreaking approach to data protection and recovery that allows companies to restore data instantly, exactly as it existed at any point in time, and to recover business applications in just minutes. By allowing enterprises to restore data instantly to any previous point in time, Revivio's Continuous Protection System allows customers to minimize business risk, reduce costs and improve business continuity. For additional information, please call 781-301-0200, email info@revivio.com or visit the company's website at www.revivio.com.
(C) 2004 Revivio, Inc. The Revivio name and wordmark, TimeStore, and TimeOS, are registered trademarks and TimeImage is a trademark of Revivio, Inc. Continuous Protection System is a service mark of Revivio, Inc. All other trademarks are the properties of their respective owners. Features and specifications are subject to change without notice.
Revivio, Inc.
Nicole Gorman, 508-397-0131
Corporate Communications
nicole.gorman@revivio.com
Nomura International plc
Jessica Shepherd-Smith, +44-20-7521-2480
Corporate Communications
jessica.shepard-smith@uk.nomura.com
Nomura International plc
Andrew Healey, +44-20-7521-2735
Technology Private Equity Group
andrew.healey@uk.nomura.com
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