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Signiant Secures $10 Million |
Signiant, Inc., a leader in distributed data management, has raised $10 million in a round led by new investor North Bridge Venture Partners, along with participation from existing investors Boston Capital Ventures and VIMAC Ventures. The capital is earmarked for expansion of the Signiant executive team and sales and marketing support for its Mobilize product line.
Signiant Mobilize technology is at the core of the company’s software solutions that enable enterprises to centrally control and securely manage widely distributed data assets without requiring investment in additional hardware or appliances. More than 350 enterprise customers across multiple vertical industries including finance, oil & gas, government and media & entertainment use Signiant solutions for remote data protection and media asset distribution. The Signiant offerings deliver tremendous cost savings and operational efficiencies.
“Data assets are the life blood of any organization, making data protection and management a top priority. To avoid costly downtime and compromised data, large enterprises need to implement scalable, automated remote data protection and digital asset management services that eliminate manual processes and the potential for human error,” said Richard D’Amore, general partner, North Bridge Venture Partners. “Signiant’s roots in carrier-grade technologies and its focus on distributed data management make it a natural choice for our software technology portfolio. We are pleased to provide our support for the expansion of the Signiant organization and the marketing of its data protection and digital asset management solutions.”
“We are delighted to be working with North Bridge Venture Partners and appreciate the opportunity to partner with an investor whose reputation and experience is renowned,” said Dennis Albano, chief executive officer, Signiant, Inc. “Remote data protection and digital media distribution are critical strategic requirements within enterprise IT strategies. Customers are realizing huge benefits using our products and we are growing our organization to respond to the enormous market opportunity.”
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