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Copiun Closes $1.9 Million Series A Funding

Source: Business Wire — September 01, 2010

Copiun closes funding and adds industry veterans to the Board of Directors.

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Copiun Inc., a provider of corporate endpoint data management solutions, today announced that it has secured $1.9 Million in Series A funding led by Hub Angels and RRE Ventures, who were joined by Launchpad Venture Group, Beacon Angels, and Launch Capital. With version 2.0 of the Copiun Data Manager currently shipping, the funding will be used to expand market adoption and customer acquisition.

“Corporate data on endpoints, especially laptops, is increasing rapidly and IT organizations worldwide are faced with the challenge of effectively managing this vital corporate asset. Copiun’s technology, particularly its object based deduplication, enables corporations to regain control of distributed corporate data in a cost effective manner”

Copiun has also announced that Rob Soni, an investor and General Partner at Matrix Partners, and Tad Witkowicz, a serial entrepreneur and a member of Hub Angels, have joined Copiun’s Board of Directors.

“Corporate data on endpoints, especially laptops, is increasing rapidly and IT organizations worldwide are faced with the challenge of effectively managing this vital corporate asset. Copiun’s technology, particularly its object based deduplication, enables corporations to regain control of distributed corporate data in a cost effective manner,” said Rob Soni.

“Surprisingly, basic PC backup and recovery are still one of the weakest areas for corporate IT organizations. And yet, the amount of vital corporate data on end point devices continues to grow at an incredible rate. Copiun’s products are easy to deploy, easy to administer and, thanks to Copiun’s object based deduplication, Corporations can cost-effectively regain control of distributed corporate data,” said Will Porteous, General Partner at RRE Ventures.

“Few solutions exist to provide IT organizations control over the valuable and confidential data on a large number of distributed endpoints. Copiun’s comprehensive offering with its object based deduplication, native end user experience and federated search capabilities is well positioned to become a leader in this market,” added Tad Witkowicz.

Read the full article at Business Wire