Tech Company Financing Transactions
Verari Systems Funding Round
The Carlyle Group, Celerity Partners and Sierra Ventures joined a $13.3 million Series B funding round for Verari Systems. The financing round was recorded on 9/15/2004.
Transaction Overview
Company Name
Announced On
9/15/2004
Transaction Type
Venture Equity
Amount
$13,275,000
Round
Series B
Investors
Proceeds Purpose
Verari Systems will use this investment to increase research and development and expand worldwide sales, support and business operations to meet market demand for its BladeRack computing system product family.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
9449 Carroll Park Drive
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Verari Systems, Inc., previously RackSaver, Inc., was a premier developer of powerful, flexible, and scalable platform-independent blade computing systems aimed at performance utility computing for the enterprise data center. In 2010, an investment group led by Verari Systems founder and former CEO David Driggers bought the assets of the troubled systems maker.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Wright
Chief Financial Officer
Chris Witt
Chief Technical Officer
David Driggers
Co-Founder
Victor Hester
Executive Vice President
Dave Anderson
Vice President
Gerald Conboy
Vice President
Brian Koblenz
Vice President
Kevin McGrath
Vice President
Doug O'Shaughnessy
VP - Engineering
Victor Tung
VP - Human Resources
George Purnell
VP - Marketing
Dan Gatti
VP - Operations
Jennifer Herrett-Skjellum
VP - Operations
Jerry Loe
VP - Sales
Paul Mecucci
VP - Sales
Vince Scarpulla
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