Press Release
Advantage Capital Partners Invests in GridApp Systems
Tuesday July 6, 10:00 am ET
Advantage Capital Partners, a private equity firm supporting evolving opportunities in the IT sector, has made a significant investment in the New York based technology company GridApp Systems, a leader in database virtualization and consolidation solutions. GridApp has been in business for nearly two years offering innovative solutions to enterprises that want to improve the manageability and reduce the costs of their database infrastructures.
"Unlike many technology companies in the marketplace, GridApp Systems is approaching system virtualization from a real-world perspective," stated Scott Murphy, Senior Vice President at Advantage. "Advantage Capital prefers to support companies such as GridApp that have a compelling value proposition and successful results with customers."
GridApp Systems' database virtualization software and database appliance are plug-and-play, enabling IT organizations to easily consolidate heterogeneous, standards-based databases such as Oracle, IBM DB2 and MySQL into a self-optimizing, fault tolerant grid of capacity. The end result is a database infrastructure that is high performing, reliable, scalable and 75% less expensive than comparable solutions in the marketplace.
"We are extremely excited to be partnering with Advantage Capital," stated GridApp Systems' CEO, Robert Gardos. "GridApp has made great strides in creating a powerful platform for managing database infrastructures globally. Advantage's expertise and capital will help us accelerate the adoption of our product suite in the marketplace."
About GridApp Systems, Inc.
GridApp Systems is a leader in database virtualization, leveraging grid and utility computing technologies to deliver high performing, flexible and cost-effective solutions. GridApp's unified management platform enables database consolidation for the enterprise. GridApp Systems is privately held and headquartered in New York City. For more information about GridApp Systems, visit www.gridapp.com.
About Advantage Capital Partners
Advantage Capital Partners is a private equity firm focused on high-growth companies and other investments supporting state and local economic development. With offices in New York, St. Louis, New Orleans, Tampa, Denver, Madison and Huntsville, Advantage has raised more than $600 million in institutional private equity since 1992 and invested in companies located in geographic areas where little venture capital or venture capital infrastructure exists -- or where capital is only available for mature companies. For more information about Advantage Capital, visit www.advantagecap.com.
Oracle, IBM DB2 and MySQL are registered trademarks of Oracle Corporation, IBM Corp, and MySQL AB, respectively.