FRESNO, Calif., April 29, 2003 (PRIMEZONE) -- Yosemite Technologies announced today they have teamed up with premier Venture Capital firms Hummer Winblad and Altos Ventures. The move is designed to enhance the company's technical development initiatives as well as expand worldwide distribution.
Yosemite Technologies has developed a full line of multi-platform backup and disaster recovery software solutions targeted at mid-market and departmental applications. The company currently holds the number one position as the leading worldwide provider of OEM tape drive bundled backup software solutions. Through its solid OEM partnerships with such industry giants as HP, Seagate and Dell amongst others, major Fortune 100 and 500 corporations, educational organizations and government agencies utilize Yosemite's products.
"Receiving this funding is a testament to our experience in developing high-performance backup and recovery products and our firm position as the mid-market leader," explained Dennis Hagobian, president and chief operating officer of Yosemite. "It also represents a belief in our business model and our future success. We are viewing it as a catalyst to increase our sales, marketing, research and development, and most importantly, our position in the disaster recovery and back up sector."
"It is extremely vital that organizations today have a solid backup and disaster recovery plan. Yosemite provides not just a back-up plan, but a solid, feature-rich and simple to use solution," stated Doug Hickey, general partner at Hummer Winblad. "The Yosemite product family can seamlessly integrate into just about any environment. With Yosemite's vast experience in developing backup and disaster recovery solutions, we feel confident that the company is on a clear and sustainable success path."
"Yosemite is uniquely positioned in a highly competitive backup and disaster recovery software industry and has the right model for success," stated Ho Nam, Altos Ventures partner. "Their future is bright and their potential is abundant. Their OEM relationships with Dell, H-P and Seagate are the foundation on which Yosemite can and will continue to build upon its great success."
For more information about Yosemite Technologies, go to www.yosemitetechnologies.com.
About Yosemite Technologies
Yosemite Technologies, Inc., the makers of TapeWare, is the number one worldwide provider of OEM tape drive bundled backup software solutions. Based in Fresno, California, Yosemite designs, develops, supports and markets high-performance, multi-platform recovery and backup solutions for the small-to-medium enterprise (SME) marketplace. With offices in North America, Europe and Asia / Pacific, Yosemite is making its mark in the worldwide storage industry. By partnering with leading tape drive manufacturers to provide bundled software and using indirect sales channels, Yosemite is rapidly becoming an industry powerhouse.
Founded in 1996, Yosemite is a privately held company committed to providing the industry's best backup and storage solutions for SMEs. Their philosophy of "Backup Simplified" offers enterprise class solutions that are simple enough for the most non-technical small business users. To learn more, visit www.yosemitetechnologies.com.
About Hummer Winblad Venture Partners
Established in 1989, Hummer Winblad Venture Partners (www.humwin.com) was the first venture capital firm to invest exclusively in software companies. Today, Hummer Winblad Venture Partners has $1 billion under management and is headquartered in San Francisco. Past early stage investments include Arbor Software, Extensity, Global Center, NetDynamics, Powersoft, Scopus Technologies, and Wind River Systems. Hummer Winblad Venture Partners investment categories include enterprise applications, software infrastructure and platforms, development tools, and engineering and scientific software.
About Altos Ventures
Altos Ventures is a venture capital firm dedicated to leading first-stage investments in innovative technology companies. Established in 1996 and based in Silicon Valley, Altos has built a track record of working with promising entrepreneurs to build great companies from the earliest stages of development. Altos focuses primarily on investments in software application and infrastructure technologies. To date, Altos Ventures has invested $150 million in early-stage capital in dozens of companies and completed more than $1 billion in follow-on financings from its network of institutional co-investors. To learn more about Altos Ventures, visit www.altosvc.com.