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Thursday: April 27, 2006 |
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Aelita Software Corp. Aelita Software Secures $10 Million in Funding Through Insight Venture Partners Columbus, OH (November 7, 2002) — Aelita Software Corporation, a leading provider of enterprise management solutions for Windows-centric networks, today announced the completion of a $10 million dollar funding deal with Insight Venture Partners. The investment marks the first round of funding for the growing software company, which will use the funds to accelerate product development and expand sales and marketing. In an environment where information technology management is increasingly complex and critical to business operations, Aelita helps organizations simplify, manage and secure their IT infrastructures. The four-year-old software developer has been profitable every year since its inception and has more than 3,000 active customers. "We have grown by consistently responding to market needs with innovative products that deliver proven, real-world performance to solve complex customer problems," said Ratmir Timashev, president and chief executive officer of Aelita Software. "We achieved profitability early in our history and that gave us the flexibility to be very strategic in how and when we brought in outside funding. Insight is the right partner at the right time to help us accelerate our growth and penetrate new markets." Aelita's corporate offices and U.S. headquarters are in Columbus, Ohio, with European headquarters in Reading, Berkshire, United Kingdom. The company posted a 148 percent growth in 2001 over 2000. In the first half of 2002, Aelita's revenues increased 108 percent over the same period in 2001. "We have been very selective in pursuing opportunities this year because of uncertainties in the market," said Scott Maxwell, managing director at Insight Venture Partners. "But Aelita is a company we believe strongly in. Aelita is a classic Insight investment; it has a very mature organization for a company receiving its first round of funding, superior technology, customer-centric product development, a strong management team, strong customer growth, and profitability. Aelita has established a leadership position in key market segments and is poised to strengthen and extend that position." According to Jeffrey Hewitt, principal analyst for Gartner Dataquest, Windows-based systems comprised nearly three-quarters of all infrastructure servers purchased by enterprises in 2001. Aelita's product line continues to expand to meet the increasing need for solutions to support Windows-centric environments. The product line currently includes solutions in four categories: migration and deployment, administration and provisioning, operations and security and backup and recovery. Migration and Deployment: Aelita pioneered the ZeroIMPACT™ approach to technology deployment, allowing organizations to migrate to new systems and applications, such as Windows 2000, Microsoft .Net and Exchange 2000, in a way that is transparent to users. Administration and Provisioning: Aelita provides a secure "Rules and Roles"-based administration framework that facilitates account and resource provisioning for Windows 2000, Active Directory and Exchange. It integrates Active Directory with human resource and other enterprise applications and directories into a unified Enterprise User Administration (EUA) process. Operations and Security: InTrust offers consolidated security auditing and monitoring for Windows-centric and heterogeneous networks. Based on a unique technology for security data consolidation and aggregated analysis, InTrust closes the security gap by offering advanced auditing and compliance checking with industry regulations and corporate policies. Back up and Recovery: Aelita recovery products deliver 10-minute recovery for Windows NT/2000/XP enterprise systems configuration and Active Directory. They bridge the gap between native disaster recovery tools, which have limited functionality, and full network back ups, which can take hours to retrieve and restore. About Insight Venture Partners Insight Venture Partners, with over $1 billion in funds under management, is the leading venture capital firm specializing in software companies. Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. With offices in New York and Amsterdam, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. More information on Insight is available at http://www.insightpartners.com. About Aelita Software Aelita Software, a Microsoft Gold Certified Partner, provides comprehensive Windows-centric enterprise management solutions that focus on migration and deployment, administration and provisioning, operations and security, and backup and recovery. Aelita solutions improve the usability and security of Windows 2000, Active Directory, Microsoft Exchange and .NET infrastructures, while also extending Windows-centric network management to multi-platform enterprises. Recent Aelita innovations include ZeroIMPACT™ technology migration, the first full-featured Active Directory recovery solution, and a new approach to operations and security management that is enabling network managers, security directors and CIOs to use operating and security data in new ways. Aelita Software is headquartered in Columbus, Ohio and can be reached at (800) 263-0036. For more information on Aelita, go to www.aelita.com or contact [email protected]. Media/Analyst Contact for Aelita Software: Stacy Wood LORD, SULLIVAN & YODER PUBLIC RELATIONS Phone: 614-825-1806 Fax: 614-846-2780 [email protected] |