Resilience Corporation Secures $5 Million Financing to Fund Rapid
MOUNTAIN VIEW, CA--(Marketwire - August 30, 2007) - Resilience Corporation, provider of proprietary management software and purpose-built appliances that significantly reduce the cost and complexity of deploying, managing, and upgrading mission critical applications, has announced the completion of $5 million in equity financing. The capital will be used to support rapidly accelerating growth in sales and additional investments in product development, global distribution and support, sales and marketing. Current shareholders and one additional interested private party participated in the financing.
"We are fortunate to have both strong, accelerating sales growth and committed shareholders at Resilience," explains Paul White, CEO of Resilience. "The seasoned new team members we've added, the uniquely valuable products we're rolling out, the new global support programs we're offering, and the new, highly scalable operational infrastructure we've put in place are all contributing to explosive growth in our sales pipeline and faster growth in revenue. This investment gives us plenty of capital to fund this growth, to continue to invest in building a world class customer support infrastructure, and to complete the development of new products that will significantly reduce the cost and complexity of deploying and managing critical applications."
"We're excited by the steady surge in growth at Resilience, and the prospects for continued growth long-term," remarks Wai San Loke, Managing Director of Baring Private Equity Asia, an investment firm with more than $1 billion under management. "The Resilience team has positioned the company well to serve the urgent needs of organizations operating critical applications like firewalls, and to capture a significant share of this market. We will continue to support them in this effort."
About Resilience Corporation
Resilience Corporation develops and sells proprietary management software and purpose-built appliances for mission critical applications like firewalls and content filtering. The Deep Automation and Real Availability provided by Resilience products enable companies to significantly reduce the cost and complexity of deploying, managing, updating, restoring, replacing and upgrading mission critical solutions. Resilience appliances come pre-loaded with best-of-breed applications from vendors like Check Point and Websense, and provide optimized, industry leading performance across a broad range of price points. Established in 1995, Resilience is based in Mountain View, CA. For more information, contact Resilience within the U.S. at 1 (888)-297-8515 and +1-650-230-2200 from outside the U.S. or email us at Sales@Resilience.com.
MEDIA CONTACT: Meghan O'Leary Resilience Corporation 510.612.4382 email@example.com