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Verari's Data Center Receives Investors' Choice Award

 

September 27, 2004 - Verari SystemsT, the premier developer of powerful, platform-independent blade server systems, announced today that it has been named an Investors' Choice winner at this year's Datacenter Ventures Private Equity conference, held last week in Redwood City, Calif. The Investors' Choice award is given to the ten companies judged at Datacenter Ventures as the best positioned for long-term success.

Richard A. Shaffer, Editor-in-Chief, VentureWire announced the winners at the conclusion of the conference on September 22, 2004."The Investors' Choice winners show strong potential to take advantage of emerging opportunities in the corporate datacenter market," said Shaffer. VentureWire, which produced Datacenter Ventures, is part of Dow Jones Newswires unit.

Verari Systems has doubled its sales nearly every year since its inception in 1996 and has quickly grown to 265 employees worldwide. More than 4,000 customers, including Boeing, ConocoPhillips, Industrial Light and Magic, Lockheed Martin, Microsoft, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, and Shell, have chosen Verari Systems' line of high-density blade server clusters, rack-optimized servers, and high-performance technical workstations.

"We are honored to receive the 2004 Datacenter Ventures Investors' Choice Award," said Verari Systems Co-Founder and CEO David Driggers. "This award further validates the company's vision and strategy of providing next-generation blade computing for the enterprise datacenter."

On September 15, 2004, Verari Systems completed a Series B equity financing round totaling $13.3 million, which was led by Carlyle Venture Partners, and included participation from existing Verari Systems investors Sierra Ventures, Voyager Capital, and Celerity Partners. The new funds increase the company's total capital raised to $34 million to date.

About Dow Jones Newswires
Through its Dow Jones Newswires Unit, Dow Jones ( www.djnewsletters.com ) produces focused, sector-specific online databases, newsletters and industry events as well as providing ( www.djnewswires.com ) real-time news for financial professionals in the equities, fixed-income, foreign exchange and energy markets, and also offers news for financial firms' Web sites. Newsletters published by Dow Jones include Private Equity Analyst, VentureWire Professional, and Daily Bankruptcy Review. VentureSource, the leading database of venture capital information, is published by VentureOne Corporation, a wholly owned subsidiary of Dow Jones. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE: DJ) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

About Verari Systems
Verari Systems, previously RackSaver, is the premier developer of powerful, flexible, and scalable platform-independent blade server systems that are defining a new era in high-performance utility computing. Enterprises such as Boeing, ConocoPhillips, Industrial Light and Magic, Lockheed Martin, Microsoft, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, and Shell, as well as top universities and research institutions worldwide, are among the 4,000+ customers who have chosen Verari Systems' line of high-density blade server clusters, rack-optimized servers, and high-performance technical workstations. To learn more about Verari Systems and its unique solutions, please visit www.verari.com or call (888) 942-3800.

 

 

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