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Gazzang Will get $three.5 Million in Series A Funding



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By : Lyle Peterson    29 or more times read
Submitted 2010-12-26 23:04:02
The Texas-based mostly cloud infrastructure computer software company Gazzang, Inc., announced that it has secured $a few.5 million in Series A funding to build management alternatives that aid safe open base application for example Linux, Apache, MySQL, PHP/Perl (LAMP), and accelerate venture adoption of public, exclusive and hybrid cloud environments. Austin Ventures was the lead institutional trader, accompanied by a group of smaller person traders. Furthermore, software package sector veteran Larry Warnock, who led the acquisition of Phurnace Software package by BMC Application previously this twelve months, has joined Gazzang as CEO.

“Cloud computing represents a discontinuous innovation which is modifying the way in which enterprises consume and supply important enterprise solutions,” stated Thomas Ball, partner at Austin Ventures. “By recognizing an earlier buyer pain inside adoption of cloud platforms, Gazzang has rapidly established an impressive observe report with its core customer base. We see unbelievable opportunity in the highway forward, and view this as an outstanding suit for our earlier-stage funding portfolio.”

Founded in 2008, Gazzang’s initially product or service supplying, ezNcrypt, is often a “collection and forget” option for encrypting MySQL repository transactions and records. The resolution’s patent-pending transparent data encryption (TDE) approach auto-encrypts MySQL data at rest with dual authentication keys without having producing adjustments to present applications or databases.

From the potential Gazzang will extend its core management capabilities to the total LAMP stack which includes utility, presentation and working program layers, supplying prospects a full knowledge encryption basic safety resolution.

“Gazzang is attacking a single in the biggest inhibitors to enterprise-vast adoption from the cloud – files stability – but we’re not stopping there,” stated Larry Warnock, CEO of Gazzang. “We prepare to leverage our success in info security to become a significant player within the delivery of IaaS administration platforms for cloud environments. It is however early days and nights on this space, but our initial purchaser successes prove we’re around the appropriate route towards maximizing this extraordinary market place prospect.”
Author Resource:- Learn all about this story on: StartupGazette.com
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