Cloud computing co Wanova raises $10m

Wanova is considered a hot cloud computing company and the investors did not bring in a new investor to prevent dilution of their stakes.

Cloud computing start-up Wanova Inc. has raised $10 million in its second financing round from Israeli funds Greylock Partners and Carmel Ventures, and US fund Opus Capital. Wanova is considered a hot cloud computing company and the investors did not bring in a new investor to prevent dilution of their stakes.

Wanova will use the proceeds to build global sales and support teams to service the surge in demand for the company's holistic Desktop as a Service flagship product, Mirage. Last month, the company received a patent for its product, which provides enterprises with tools for the efficient management of terminals.

The products can manage a decentralized IT network, and remotely recover and correct PCs and customized applications, files, and operating systems. The system can also run and operate applications with the PC is offline.

Wanova was founded in 2008. It is headquartered in San Jose, California, and has an office in Netanya.

Wanova CEO Sebastiano Tevarotto said, “Our accelerated growth is due to having a single, comprehensive product that solves many pain points in organizations of all sizes. This new investment will help us maintain the momentum we’re experiencing with service providers and enterprises that are looking for an offering to improve agility, reduce costs and enable company IT staff to focus on projects that are strategic to their business instead of individually managing each computer."

Wanova claims that its service cuts computing costs at large enterprises. The system collects all the content on each PC at the data center to manage and product the content. The architecture enables enterprises to cut PC operating costs by improving the data flow.

In addition to Wanova, Israel has a several cloud computing solutions developers, including Gizmox Ltd..

Published by Globes [online], Israel business news - www.globes-online.com - on August 23, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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