Rackwise Secures Additional Investment From Black Diamond Financial Group LLC
Black Diamond's commitment to an additional investment in the Company further demonstrates the value of the evolving DCIM industry opportunity and their confidence that Rackwise is well positioned with both product and customer base to grow its leadership and market share in the near and long term.
Mr. Guy A. Archbold, Rackwise, Inc. Chief Executive Officer commented, "We are very fortunate to have a collective group of stakeholders who are committed to help Rackwise secure its technology leadership position in the DCIM industry now and in the future. This investment will provide additional working capital for continued product development and expansion to meet the evolving needs of this rapid growth industry, including new advancements in our product and product architecture resulting in more flexible deployment models and even more rapid ROI for customers. We believe these advancements will accelerate our leadership position in the industry. This funding commitment, together with an anticipated simultaneous equity funding, ensures that Rackwise is well financed to meet the needs of our most valued customers, potential customers, and stakeholders going forward."
Rackwise, Inc. (RACK.OB) is a leader in software development and marketing within the growing data center infrastructure management ("DCIM") market for IT infrastructure tracking, monitoring, modeling, and management. The Company's flagship product, Rackwise DCiM XTM, incorporates open architecture designs into a vendor agnostic platform affording IT professionals maximum flexibility for efficient integration in any computing environment. The Rackwise DCiM XTM offering provides features and functionalities to assure reliability, identify hidden capacity, and improve efficiencies resulting in accelerated returns on investments through significantly optimized data center facilities and IT infrastructures. Rackwise DCiM XTM integrates device level, real-time monitoring with advanced modeling, reporting, analytics and other critical capabilities, enabling clients to more effectively manage today's high density computing configurations and virtualized data centers, mitigate risks associated with cascading faults and other potential inefficiencies within the infrastructure, and facilitate progress to more sustainable "green" data centers. Rackwise® products and services are used by over 150 companies worldwide. For more information, visit www.rackwise.com.
Rackwise®, DCiMTM and DCiM XTM are trademarks of Rackwise, Inc. Other designated trademarks and brands mentioned herein are the property of their respective owners.