Monday, July 16, 2007

Arkeia Software Lands $3M In Series B

Carlsbad-based Arkeia Software announced today that it has received $3M in a Series B equity funding round, from SPEF Ventures (Banque Populaire) and Credit Agricole private equity. Arkeia Software is a provider of backup and data protection software for the SMB and enterprise market. Arkeia said that the new funding will go towards expanding product research and towards it operations. In conjunction with the funding, Arkeia said it has hired Philippe Tiennot as its Chief Operation Officer, and also appointed Frederic Renard as EMEA sales director, and Dave Elliott to General Manager, Americas and Asia Pacific. Tiennot joins the firm from Sharing Knowledge, and also served at Veritas France, EMC, and Bull. More information »