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COPYRIGHT 2005 PR Newswire Association LLC
U.S.-Based Sierra Ventures Leads Round; Opalis' Innovative Data Center Automation Technology Attracts Top Tier Venture Capital Firm
TORONTO, Nov. 30 /PRNewswire/ -- Opalis Software, Inc., the expert provider of integration software that enables enterprises to achieve the automated data center, today announced that it has closed an $8.5 million USD Series C round of financing. Led by Sierra Ventures with participation from existing investors, including BDC Venture Capital and VenGrowth Private Equity Partners Inc., the round brings the company's total funding to $20 million. As part of this announcement, Mark Fernandes and David C. Schwab of Sierra Ventures will join Opalis' Board of Directors.
"Opalis plans to use the funds to maintain its technological leadership both in the United States and abroad, and expand marketing and...
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