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Teradici closes US $17 Million strategic round

Posted by Rob Lewis on Fri, April 24, 2009 8:14 AM · Filed under Vancouver , Funding & Exits · Comments

Earlier this month Vancouver's Teradici Corporation announced the completion of a US $17 Million Series C funding round for their PC-over-IP network-delivered computing technology. Investors in the over-subscribed funding round include TELUS Ventures, Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital, and Alta Berkeley Venture Partners.

Teradici will use the new funds to continue to market its ground-breaking enterprise PC-over-IP technology around the world and to develop a new offering for consumers and small businesses. Customers of the future service would be able to sit at any workspace in the office, remote office, or user’s home, log in to access their system and files from the central datacenter. Customers would have the option of using their own equipment or receiving terminals as part of their contracted service. They receive exceptional graphics, multimedia, audio and USB connectivity without having to purchase, manage or maintain a PC.

Related to the announcement, Teradici also announced that Kevin Salvadori, Executive Vice President of Business Transformation & Technology Operations at TELUS, will assume a seat on its board of directors.

 
Company:
Teradici Corporation
Website:
http://www.teradici.com
Location:
Vancouver, British Columbia, Canada

Teradici drives innovation to fundamentally change the way people use and deploy computers, by developing technology and solutions that deliver a... [more]

 
 
Company:
TELUS Ventures
Website:
http://about.telus.com/ventures/en/index.html
Location:
Vancouver, British Columbia, Canada

TELUS Ventures is the strategic venture investment arm of TELUS, a leading North American telecommunications firm. We partner with high potential,... [more]

 

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Rob Lewis
Rob is the President of Techvibes Media Inc. 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 blogging on...[more]

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