ORIX
Venture Finance, a US provider of expansion capital to mid to
venture backed companies, has provided $10m in senior debt
financing to Softek Storage Solutions.
Softek regards
itself as a leader in non-disruptive, vendor-independent data
migration solutions and sees the refinancing as intrinsic in plans
to fuel faster growth as it seeks to deliver software for data
migrations.
Softek says that
its solutions have design to enable customers to see, move and
recover data. Softek claims that with its software companies can
understand and manage their infrastructures; reduce downtime during
data movement from hours to minutes and ensure data recovery for
business continuance.
The financing will
help Softek as it launches its newest product, its Logical Data
Migration Facility launched in partnership with EMC, which enables
users to migrate and replicate data at a more granular level than
was previously possible with earlier systems.
