In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations.
OpenStack, a RackSpace and NASA initiative, is now managed by an independent foundation and is supported by multiple vendors. It defines APIs for compute, storage, networking, services, monitoring, and additional infrastructure...| By Business Wire | Article Rating: |
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| November 26, 2012 09:06 AM EST | Reads: |
702 |
ownCloud Inc., the company behind the world's most popular open source file sync and share software, announced today the closing of a second seed round, led by current investor General Catalyst Partners, a growth equity and venture capital firm investing in exceptional entrepreneurs.
The Lexington, Mass.-based company will use the funds to further expand its more than 70-partner strong channel, aggressively expand its large enterprise and education customer base and support service providers who implement file sync and share based on ownCloud.
The company also announced that General Catalyst Managing Director Larry Bohn will join the company's board of directors.
Unlike simple apps like Dropbox and Box, which store data at remote third-party data centers, the ownCloud server is deployed on a company's or trusted service provider's servers, seamlessly integrating with existing security, storage, monitoring and reporting tools. With more than 650,000 users world-wide, ownCloud offers ease-of-use and the flexibility, sophistication and security that can only be provided by software installed on site. ownCloud users can host their own data sync and share services on their own hardware and storage, use popular public hosting and storage offerings, or both – true hybrid cloud storage.
“We were very encouraged that many of our current investors – including General Catalyst – were so impressed by our momentum that they came to us for this round,” said Markus Rex, ownCloud CEO. “We're also happy to welcome several new investors and of course Larry to our board.”
“We’ve been excited about ownCloud since its infancy, and after watching everything they've accomplished in a very short time, it validated our belief that they’d developed an exceptional team with an exceptional product,” said Bohn. “There’s no one in this increasingly crowded market that can do the things ownCloud does – integrate closely with existing IT, innovate at lightning speed and offer choice of storage locations. With those capabilities already in place differentiating it from the competition, we’re confident that ownCloud will succeed.”
About ownCloud Inc.
Based on the popular ownCloud open source community project, ownCloud Inc. was founded in 2011 to bring greater flexibility, access and security to unstructured data in enterprises. Company headquarters are in Boston, with European headquarters in Nuremberg, Germany. For more information, visit: http://www.owncloud.com.
About General Catalyst Partners
General Catalyst Partners is a growth equity and venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has offices in Cambridge, MA and Palo Alto, CA. For more information, visit: www.generalcatalyst.com.
Published November 26, 2012 Reads 702
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Companies around the world are moving into on-premise private cloud environments. Many connect their private cloud to their public cloud service providers. In his session at 12th Cloud Expo | Cloud Expo New York [June 10-13], Brian Patrick Donaghy will talk about examples of what worked, what failed and why we should think about this evolution.
Enterprise cloud adoption revolves around pushing the BYOD movement and focusing on data security.
In his session at the 12th International Cloud Expo, Ross Brouse, COO and President of Solar VPS, will cover how cloud adoption is driven by consumerism, humanity’s need to socialize, our addiction to new gadgets and the ability of data to stay secure in a growing collaborative world. The cloud is a drug and we’re just getting hooked.
Ross Brouse is the COO and President of Solar VPS. He is a tr...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
Our more interconnected planet is accelerating the adoption and convergence of next-generation architectures, in the form of cloud, mobile and instrumented physical assets. Organizations that can effectively balance optimization and innovation, will be in a position to leverage new systems of engagement, out maneuver their peers and achieve desired outcomes. In the Opening Keynote at 12th Cloud Expo | Cloud Expo New York, IBM GM & Next Generation Platform CTO Dr Danny Sabbah will detail the crit...
The cloud-enabled data center sits at the center of IT transformation. It facilitates the interconnection and communities that come together, propelling growth for both buyers and sellers.
In his session at the 12th International Cloud Expo, Gerry Fassig, CoreSite’s Vice President of Sales, will discuss how CoreSite is bringing together best-of-breed partners through the Open Cloud Exchange resulting in public, private, and hybrid cloud interconnection and management as well as connectivity to...
Companies around the world are collecting massive amounts of data everyday that’s sitting around and not being utilized. Take for example the fact that companies collect demographic and location-based data via mobile devices all the time, but have to figure out how to monetize that data. In this session, Joyent CTO and founder Jason Hoffman will examine the state of Big Data, taking a look at what we're doing now to discussing what's on the horizon, as companies prepare and realign their busines...
The massive computing and storage resources that are needed to support big data applications make cloud environments an ideal fit. In Nati Shalom's upcoming session at 12th Cloud Expo | Cloud Expo New York [June 10-13, 2013], you'll learn how to build your big data "database on-demand" using MongoDB, Cassandra, Solr, MySQL, or any other big data solution, as well as manage your big data application using a new open source framework called “Cloudify.” All this, on top of the OpenStack cloud.
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