Anthology Solutions Secures $5 Million in Series-A Funding
by Nokia Venture Partners
Storage Appliance Innovator to Unveil New "Yellow Machine™" Storage Appliance at CES and Digital Experience/Pepcom in Las Vegas
San Jose, CA December 22, 2004 - Anthology Solutions, Inc., a leading provider of network storage appliances for small businesses, announced today the company has received $5 million in Series-A funding from Nokia Venture Partners. The investment will be used to expand the company's worldwide marketing and sales operations, penetrate key markets, and accelerate product development to meet key customer needs.
As part of its expanding product offerings, details and operating specifications on the latest Yellow Machine™ storage appliance will be revealed at the Consumer Electronics Show (CES) in January. Anthology will be located at CES booth IP-70622 in Las Vegas, January 6-9, 2005, and will be holding analyst and press briefings at Digital Experience / Pepcom from 7 PM to 10 PM at the Bellagio Hotel on January 5, 2005.
Anthology Solutions' Yellow Machine™ appliances provide small businesses, government, educational institutions and corporate branch offices, with low-cost, highly-reliable disk-based storage, capable of backing up, sharing and securely managing high volumes of digital content.
"The Yellow Machine™ storage appliance is blazing a trail of innovation, providing our customers with storage capabilities that help them conduct their business in a faster and more secure manner." said Young Lee, Founder and CTO of Anthology Solutions.
"Anthology's vision has paid off in early validation by customers around the world, demonstrating that the future of next generation storage solutions is here," said John Gardner, General Partner and co-founder of Nokia Venture Partners. "We are pleased to participate in Anthology's success and their continuing innovation in the field of integrated storage solutions"
About Anthology Solutions
Anthology Solutions is the leading provider of the Yellow Machine™ network storage appliance for small businesses, government offices, educational institutions, and corporate branch offices. Anthology Solutions was founded with a vision to provide customers with a better solution for storing, sharing, and managing critical digital content. Built on the breakthrough KingGate™ ASIC chip (SoC) technology, the Yellow Machine™ appliance provides a competitive edge in performance and price. Anthology Solutions' products are sold worldwide through our authorized business partners, Federal integrators, and resellers. Anthology Solutions' products are being used by a variety of customers around the world, including the government, telecom, small businesses and educational institutions.
About Nokia Venture Partners
Nokia Venture Partners is a leading global venture capital firm headquartered in Menlo Park, California. Backed by a number of value-add limited partners, the fund leads investments in early stage technology companies around the world. Launched in 1998, Nokia Venture Partners has a strong track record of leveraging its combined esources, experience and contacts to help build successful businesses. The firm also has offices in Washington DC, London, Helsinki, Hertzelia, Seoul, Hong Kong, New Delhi and Tokyo. For more information, visit http://www.nokiaventurepartners.com.
For more information contact: Anthology Solutions, Inc. 1722 Ringwood Avenue, Suite 250, San Jose, CA, 95131 T: 408.452.5564 Or visit our website at www.anthologysolutions.com |