Tech Company Financing Transactions
GigaSpaces Technologies Funding Round
On 2/1/2007, GigaSpaces Technologies landed $5 million in investment from BRM Capital, FTV Capital and Intel Capital.
Transaction Overview
Company Name
Announced On
2/1/2007
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This latest financing will help fuel the accelerated expansion objectives GigaSpaces has set for 2007 in order to meet the global demand for its product. "Early this year," Benvenisti said, "GigaSpaces will make its first formal entry into the Asia Pacific market; expand its local sales presence in additional U.S. and European markets; see significant increases in channel sales via existing partnering, distribution and OEM agreements in all geographies, continue its investment in open source projects and the developer community, and likely experience a doubling of staff by year end to support these initiatives."
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
420 Lexington Ave. 2640
New York, NY 10170
USA
New York, NY 10170
USA
Phone
Website
Email Address
Overview
GigaSpaces provides in-memory computing platforms for real-time insight to action and extreme transactional processing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adi Paz
Chief Financial Officer
Erez Egozi
VP - Bus. Development
Yosi Shahror
VP - Human Resources
Idit Plaut
VP - Marketing
Karen Krivaa
VP - Product Management
Yoav Einav
VP - R & D
Barak Orion
VP - Sales
Daniel Hochberg
VP - Sales
Shai Zmigrod
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