The News

Intransa secures twenty five million dollars in series D funding

16/08/2004

Menlo Ventures leads round to endorse new class of IP san solutions for high-end, mid-tier and smb markets

Additional Investments by Advanced Technology Ventures, Sofinnova Partners, Sofinnova Ventures and U.S. Ventures Validate the Power of Intransa's Comprehensive Storage Products

San Jose, Calif.—August 16, 2004— Intransa, the global leader in intelligent information storage, delivery, and management over IP, announced today that it has secured million in Series D funding, bringing its total equity investment to million. This investment was finalized in under 60 days and is led by Menlo Ventures, and includes participation from current investors Advanced Technology Ventures, Sofinnova Partners, Sofinnova Ventures, U.S. Ventures, as well as investments from several strategic partners. Intransa will continue to expand its leadership position by delivering the industry’s most comprehensive IP-class storage area network (SAN) products for the high-end, mid-tier and small business markets (SMB). This funding will drive the company’s rapid expansion of its sales, marketing, customer service, and business development efforts around the globe.

“Vision and execution, coupled with right place, right technology, right timing and strong customer traction, have made Intransa a pioneer and early leader in the emerging IP SAN sector,” said Eric Benhamou, chairman of Intransa. “The additional validation of Intransa’s high success potential by its broader investor base is a gratifying milestone.”

Businesses continue to fight the uphill battle of explosive data growth generated by email, audio, video and other forms of information. The amount of archived email will skyrocket over the next several years as companies struggle to comply with new federal regulations and adhere to internal policies, according to a study by the Radicati Group, a research firm specializing in emerging IT technologies. Last year, the most heavily used database system was at the US Customs & Border Protection, which supported over 51,448 transactions per second (tps), up from 26,655 tps in 2001. Intransa’s mission is to help companies to cost effectively, manage and scale their burgeoning storage requirements.

In a companion news release also issued today, Intransa introduces the Intransa IP 3000, a new IP SAN appliance, designed specifically for the mid-tier and small business markets. The Intransa IP SAN product family delivers the performance and scalability of an enterprise-class SAN solution at dramatically reduced prices - allowing companies to leverage their existing Ethernet infrastructure and seamlessly grow their enterprise-class storage requirements. Intransa’s innovation and award-winning solutions continue to earn investor and customer confidence.

With this announcement, Sonja Hoel, managing partner, Menlo Ventures joins the Intransa board of directors. “Menlo Ventures invested in Intransa because they have a truly disruptive technology that changes the way large and small businesses manage their storage environment with the best ROI in the industry,” said Sonja Hoel, managing partner of Menlo Ventures. “Our investment demonstrates our confidence in the company, its executive team, and its ability to achieve significant milestones in growing a global customer base and securing strategic industry and channel partners.”

“Having Menlo Ventures lead this round of financing with all of our original investors back on board is a testament to our vision and value in delivering the most comprehensive IP SAN solutions for both large and small scale enterprises,” said Avi Katz, president and CEO of Intransa. “With their support and endorsement, Intransa will continue to deliver a new class of high performance, scalable storage products to meet our customers’ business requirements without breaking their IT budgets.”

About Intransa
Headquartered in San Jose, California, Intransa is an innovator of enterprise-class, intelligent IP storage solutions that radically reduce the complexity of deploying scalable network storage. Based on advanced technology that leverages the cost and performance advantage of Ethernet and the ubiquity of IP networks, Intransa's products are enabling a new generation of information storage, delivery, and management over IP networks. Founded in September 2000, Intransa has secured million in funding from Advanced Technology Ventures, Menlo Ventures, Sofinnova Ventures, Sofinnova Partners, US Venture Partners, and a major pension fund.

Intransa, IntraStor, and StorControl are registered trademarks of Intransa Corporation. All other trademarks are property of their respective owners.