Tech Company Financing Transactions
XIOtech Funding Round
XIOtech, based in Colorado Springs, secured $40 million in funding from private investors.
Transaction Overview
Company Name
Announced On
11/27/2007
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funds will be used to help Xiotech market technology it recently acquired from Seagate, the company said.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
2375 Telstar 150
Colorado Springs, CO 80920
USA
Colorado Springs, CO 80920
USA
Phone
Website
Email Address
Overview
Xiotech is the leading provider of integrated information risk management (IRM) solutions for midmarket companies. With expert consulting, litigation support, regulatory compliance and data storage expertise, Xiotech solutions minimize risk and maximize value across the spectrum of organizational information management.
Management Team
Title
Name
Email & Social
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