ING Corporate Investments Buys Minority Stake in Bright Computing

ING Corporate Investments has acquired a minority stake in Bright Computing. Financial terms weren’t announced. Bright Computing is a specialist in cluster management software and services for high-performance computing. Bright Computing founded in Amsterdam and has its U.S. headquarters in San Jose. ING Corporate Investment is the PE unit of ING.

PRESS RELEASE

Bright Computing, a leader in cluster management software for high-performance computing (HPC), announced today that ING Corporate Investments, a subsidiary of ING, a global financial institution, has acquired a minority stake in the company. Bright Computing was founded in Amsterdam, The Netherlands and has its US headquarters in San Jose, California.

“We have thoroughly evaluated both the company and its technology and have concluded that Bright is well-positioned to shake up its market and greatly extend its reach,” said Maarten Hopman, Head of Corporate Investments at ING. “I’m impressed by Bright’s rapid success in the market. Many large research, academic and commercial organizations in the US and Europe are using Bright Cluster ManagerTM to manage their complex systems.”

This investment will enable Bright Computing to further expand its reseller network worldwide and its direct sales capabilities in the US, as well as fund continued product development. The company has implemented an aggressive growth strategy that builds on its strong momentum in the HPC market.

“ING is already proving to be a valuable shareholder,” said Dr. Matthijs van Leeuwen, CEO of Bright Computing. “Having one of the largest financial institutions in the world backing our company is a strong vote of confidence in our future. It builds on the already strong validation by our many customers who trust our product to manage their important HPC systems.”

About Bright Computing

Bright Computing is a specialist in cluster management software and services for high-performance computing (HPC). Its flagship product – Bright Cluster Manage – with its intuitive graphical user interface and powerful cluster management shell, makes clusters of any size easy to install, use and manage, including systems combining Intel/AMD processors with NVIDIA and other GPU technology. Bright’s minimal footprint enables HPC systems to be utilized to their maximum potential, from departmental clusters to large-scale systems. Bright Cluster Manager is the management solution of choice for many research institutes, universities, and companies across the world, including several Top 500 installations. Bright Cluster Manager is an official Intel Cluster Ready component and fully complies with the Intel® Cluster Ready specification. http://www.brightcomputing.com

About ING Corporate Investments

ING is a financial institution offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional customers in more than 40 countries from Europe, North and Latin America, Asia and Australia. ING Corporate Investments is a provider of mezzanine and equity financing to companies in the Benelux region. Its focus is on providing financial solutions for growth investments, buy-outs, (partial) exits, balance sheet optimization and a range of other opportunities.

Bright Cluster Manager is a trademark of Bright Computing, Inc. All other trademarks are property of their respective owners.