Yverdon-Les-Bains (ots) - Funds will finance the release of new backup and restore software and growth of the sales organization
Bacula Systems®, the world's leading provider of commercial open source backup and restore software, announced today that it has completed its CHF 4.5 million (over US$5 million) fund-raising.
The funding has been raised from a syndicate assembled by KM Capital Partners and from the Swiss Canton of Vaud, through its Economic Development arm, DEV.
The funds will accelerate the company's software development program, and further grow its sales and channels services to provide more sophisticated support to its business partners.
"I am proud that the Bacula open source project has achieved over 1.5 million downloads since its conception in 2002", said Bacula's author, Bacula Systems' Founder and CEO, Kern Sibbald, "Bacula Systems is poised to extend its lead in the commercial open source backup and restore space through a series of releases of new, value-add technologies and plugins that complement its highly scalable, network backup and restore solution".
Emphasizing its commitment to the rapid growth of its sales team and increased sales support to its partner and reseller networks, Bacula Systems also announced today the appointment of Aristide Carracio as its new Director of Sales and Marketing, and Stéphane Schweizer, as its EMEA Sales and Marketing Manager.
By eliminating both vendor lock-in and license fees, Bacula Enterprise Edition reduces costs and offers a far lower total cost of ownership than proprietary vendors. Immediately upon the deployment of Bacula Enterprise Edition, Bacula Systems clients worldwide have found that modernizing their backup and restore technology produces measurable increases in network efficiency, data protection levels and, significantly, up to 70% reduction in costs. With recent deployments in large hosting providers, banks and telecommunications companies, and the high-end specification of its backup and restoration enterprise software, Bacula Systems'commercial open source alternative is rapidly emerging as the solution of choice among large data centers that need to reduce spiraling IT costs.
Footnote: Actual amount raised is 4.5 million CHF (Swiss Francs).
About Bacula Systems:
Bacula Systems provides the highest quality support, training and professional services for the Bacula open-source backup and restoration software platform. Bacula is the leading enterprise backup solution that is 100% open-source, free of license costs and adheres strictly to open standards.
First released in 2002, Bacula has eliminated the high cost and vendor lock-in of proprietary software for thousands of enterprises, government agencies and educational institutions around the globe.
Headquartered in Switzerland with offices in the US, the Netherlands, Germany and France, Bacula Systems was founded by the developers of Bacula in response to a growing demand for professional support and services to match the quality of the open source Bacula software. For more information, see http://www.baculasystems.com
About KM Capital Partners:
Based in Geneva, KM Capital Partners is a Swiss based financial advisory boutique that facilitates the funding of innovative, early stage companies which have the potential to become large global corporations.
The role of the Development Economic - State of Vaud ("DEV") is to promote the economy, facilitate the establishment of new companies and to create jobs in the region. DEV is an association formed and financed by the Canton of Vaud and its members. It has been organized specifically to welcome and assist foreign companies in setting-up their activities in the region. More information at http://www.dev.ch/en/
KM Capital Partners SA
Rob Morrison Bacula Systems SA