CoolIT puts new money to work

Posted by Rob Lewis

A month after closing a $6.2 Million Financing round, Calgary's CoolIT Systems is putting some of that money to good use.

Today, CoolIT announced the acquisition of the assets of Delphi Thermal Liquid Cooling including intellectual property, machinery, and equipment. The Delphi acquisition will provide CoolIT the additional mass market production resources to better accommodate the rapidly growing global industry demand for liquid cooled computers.

As part of the purchase, CoolIT Systems inherits a couple industry giants as customers and will immediately start servicing Dell and Apple. With the acquisition, CoolIT reaffirms its position as the global leader in advanced liquid cooling for computers.

Since hitting the market in 2006, CoolIT has developed an expertise in high performance liquid cooling solutions and delivered to both the retail and OEM PC cooling markets. CoolIT recently shook up the PC industry with an extremely successful launch of Domino ALC delivering a powerful, maintenance free, liquid cooling solution for under $80 to the retail market.

March's CDN $6.2 Million financing package was led by iNovia Capital and existing angel investors and AVAC Ltd.

Company:
CoolIT Systems
Website:
http://www.coolitsystems.com
Location:
Calgary, Alberta, Canada

For years, CoolIT has been working with leaders in the computer industry to research, design, and provide an affordable new cooling product that provides a comprehensive solution for end users while exceeding high OEM standards. This carefully designed and patented technology unleashes the full potential of a PC, providing superior cooling performance while reducing system level noise and improving reliability of... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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