Nayatek Completes Series A Financing
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Newark, Delaware - (December 17, 2008) - Nayatek announced today that it has completed its Series A financing round. The round was led by Originate Ventures, a Bethlehem, PA based venture capital firm that invests in early stage, high growth opportunities. Nayatek is a developer of next generation enterprise Information Management solutions providing comprehensive Content Archiving, EDiscovery, Storage Management and Compliance functionality.
The funding will be used to accelerate global sales efforts and further value-added product development investments for Nayatek’s next generation content archiving platform, Datosphere. Designed to be data neutral, it provides a single, enterprise platform to ensure the capture of disparate data formats, ensure security, integrity and privacy of electronically stored information (ESI) and to maintain objectively verifiable procedures to comply with industry regulations, EDiscovery requests and internal policies. Datosphere’s next generation dynamic grid architecture is built to solidly address the problems of today and tomorrow associated with ESI.
“We are very bullish about the future even in a tough economic climate”, said Marc Olson, Nayatek’s CEO. “The explosion in the volume of corporate content shows no signs of slowing and its impact upon organizations will only continue to grow as a result of the current financial challenges in the global markets. We believe that Datosphere’s dynamic grid architecture, its integrated redundancies and forensic security model that underpin its comprehensive Content Archiving, EDiscovery, Storage Management and Compliance functionality will revolutionize how organizations capture, index, store, secure, manage, retain and discover their ESI”, Olson added.
“We are pleased with our fund’s investment in Nayatek”, said Eric Arnson, Managing Partner of Originate Ventures. “We believe that the value propositions of Nayatek’s solutions are very compelling in today’s markets. The Datosphere technology will save organizations money, allow them to manage their ESI much more effectively and help to ensure their compliance with the growing web of regulatory and legal demands being placed upon them. As Originate Ventures, we bring proven brand-building, operations and financial expertise to accelerate growth and believe that our unique skills will define a new standard among private equity firms,” added Arnson.
Datosphere’s comprehensive functionality is grounded in its robust high-performance modern architecture which provides a higher level of optimization and efficiency. It provides significant advantages, without the crippling complexities commonly associated with other products. Datosphere is a downloadable enterprise solution that is easy to deploy, provides higher uptime, can be easily updated and is substantially less demanding on limited IT resources than other products. The architecture matters…
Datosphere Advantages
- High performance dynamic grid architecture
- Data Neutral and designed to ingress all forms of disparate data
- Open storage layer
- Forensic security model
- Integrated redundancies
- Easy to evaluate, deploy and manage
- Low total cost of ownership
The Datosphere platform provides the enterprise information platform that organizations can build upon. Start with archiving, EDiscovery, compliance and storage management for MS-Exchange and add new modules for other data formats and applications as they are released.
About Nayatek
Nayatek LLC is a privately held company founded in 2006 and a global provider of enterprise Information Management solutions providing comprehensive Content Archiving, EDiscovery, Storage Management and Compliance functionality designed to specifically assist organizations to ensure the security, integrity and privacy of their messaging and electronic document resources and to maintain objectively verifiable, robust procedures to comply with industry regulations. nayatek.com
About Originate Ventures
This is the inaugural investment of Originate Ventures, a $50 million venture capital fund, located in the Keystone Innovation Zone (KIZ) in Bethlehem, PA. Founded by Mike Gausling and Eric Arnson, OV focuses on early stage companies with higher margins and capital efficient business models. They are entrepreneurial partners, providing expertise in brand building, operations and finances. Their proven methods accelerate growth by shortening the time from business concept to profitable product portfolio. Investments are targeted from $500,000 to $4 million. Originate Ventures are truly Entrepreneurs Investing in Entrepreneurs. originateventures.com |
