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Virtualization Technology Provider InstallFree Secures $8.5 Million In Financing
Secures $8.5 Million in Financing Led by Ignition Partners and Trilogy Equity Partners

 

InstallFree announced it has received $8.5 Million in financing to drive the expansion of its product development and go-to-market teams including sales and customer support and extended its board of prominent technology veterans. Dynamic Desktop Computing is an innovative approach that seamlessly delivers applications to end-users across a wide variety of usage scenarios and enables end-users to work anywhere without limitations.

This round of financing was led by Ignition Partners, a venture capital firm based in Bellevue, Washington; and Trilogy Equity Partners, a venture capital firm also based in Bellevue, Washington. Richard Fade and John Connors of Ignition Partners and Peter van Oppen and Chuck Stonecipher of Trilogy Equity Partners will join InstallFree's Board of Directors. The round follows a first round of financing of $1.7 Million secured in November 2007.

InstallFree launched its first product in April 2008. The company was recently selected by Forrester Research as one of its "Hot Companies to Watch in 2008." The list is comprised of companies that are focused on new business models, emerging technologies, and innovation.

"From our prior experience, we have a deep understanding of the challenges and current alternatives in the marketplace," said Richard Fade of Ignition Partners, "InstallFree's solutions deliver the benefits of application virtualization at a fraction of the cost and complexity of other solutions - while also delivering better security and mobility. We are super excited to be working with them."

"We are convinced InstallFree's platform presents a significant opportunity to bring innovative and differentiated solutions to the challenges experienced by both enterprise IT managers and end-users across the Windows applications user base," said Peter van Oppen of Trilogy Partnership. "InstallFree's technology and team are both world-class and we look forward to working with them to build a significant company."

"We are very excited to complete this round of financing and work with Ignition Partners and Trilogy Equity Partners," said Yori Gabay, Co-founder and CEO of InstallFree, Inc. "We believe the company is uniquely positioned to bring solutions to the market that address the challenges that IT departments and end-users face on a daily basis. We are very bullish about our future and expect to dramatically change the paradigm of desktop computing. Ignition's and Trilogy's vote of confidence further solidifies our position in the marketplace and we look forward to leveraging their invaluable experience."

About Virtualization News
SYS-CON's Virtualization News Desk trawls the news sources of the world for the latest details of virtualization technologies, products, and market trends, and provides breaking news updates from the Virtualization Conference & Expo.

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