SUNNYVALE, CA (ots)
- Platform Solutions, Inc. (PSI), a supplier
of Intel®-Itanium® 2 based Plug Compatible Manufacture (PCM)
servers for IBM® z/OS® mainframe applications today announced it
has received its second round of financing. The round was led by
Goldman Sachs and affiliates and included initial round investors
Blueprint Ventures, Interwest Partners, and Investcorp.
The Series-B funding will be used to further expand development
efforts and provide operating capital for product introduction.
"PSI has numerous great ingredients -- a mainframe-seasoned
management team, talented engineers, and patented virtualization
technology -- that will reinvigorate the PCM market in a 64-bit
world," said Joe DiSabato, Managing Director of Goldman Sachs. "The
z/OS operating system has shown remarkable resilience to attacks from
open systems competitors. PSI's ability to execute z/OS on an open
systems server, also capable of running UNIX, Windows®, and Linux,
will bridge these two worlds like never before."
"PSI will offer a world class alternative to IBM's z/Series and
p/Series servers in a single reconfigurable system," said Michael
Maulick, President and CEO of PSI. "Thanks to our Amdahl heritage and
technology we will soon demonstrate our product to the market place.
This added funding is targeted to provide us the ability to meet our
capital requirements through profitability."
About Goldman Sachs
Goldman Sachs is a global leader in corporate equity and mezzanine
investing. To date, Goldman Sachs has formed ten investment vehicles
aggregating over $17 billion of capital. These investment vehicles
seek long-term capital appreciation by committing equity to
high-quality companies with superior management in a variety of
situations, including leveraged buyouts, recapitalizations, and
growth investments to fund acquisition or expansion. Goldman Sachs
invests across a broad range of industries and creates value through
meaningful involvement with portfolio companies' strategic
decision-making and operating philosophy. For more information,
please visit www.gs.com/pia
About Platform Solutions, Inc.
Platform Solutions, Inc., in conjunction with key business
partners, provides Plug Compatible Manufacture (PCM) servers for
mainframe applications. Based on technology spun-off from
Fujitsu®-Amdahl®, PSI offers mainframe computing datacenters
alternative platform choice and the flexibility to bring together
heterogeneous systems under a single managed environment. Privately
held, Platform Solutions, Inc. is headquartered in Sunnyvale,
California. For more information, please visit
ots Originaltext: Platform Solutions, Inc.
Goldman, Sachs & Co.
Platform Solutions, Inc.