| AmeriVault Corp. receives $1 million in additional equity financing AmeriVault Corp., the US provider of online server backup and recovery for businesses, has announced that it has secured an additional $1 million in equity financing from Alta Communications, a Boston based investment firm specialising in the communications industries. “We are extremely pleased that Alta has continued to partner with us to support our growth. Despite the challenging economy, we continue to add customers at a rapid pace, as customers increasingly recognise that online backup and disaster recovery are ‘must haves’ for every company with mission critical data. We look forward to using this additional funding to further expand our market and enhance our service offerings,” said Bud Stoddard, president & CEO, AmeriVault Corp. AmeriVault will use the additional funding to introduce new products and services, invest in sales and marketing within its existing markets and continue to expand its growing reseller network.
•Date:
17th June 2003 •N.America •Type:
Article •Topic: BC
markets
|
