Persystent Adds $11.6 Million

Persystent Technologies, a Tampa, Fla.-based provider of automated PC repair and high-speed imaging, has raised $11.6 million in Series A recap funding. ABS Ventures and Valhalla Partners co-led the round, and were joined by return backers Inflexion Partners, Tall Oaks Capital and Village Ventures.

 

PRESS RELEASE

 

Persystent Technologies, the leading provider of automated PC repair and high-speed imaging, today announced it has raised $11.6 million in equity financing from two leading technology venture capital firms and inside investors. The company will use the working capital to expand and accelerate the level of sales and marketing and R&D, where maintaining a solid state of continuous computing is essential. ABS Ventures (Boston, MA) and Valhalla Partners (Vienna, VA) led the equity round with additional funding coming from existing investors.

Persystent has developed the world's only PC automated repair (pre-boot of OS), on or off the network, and high-speed imaging solution that transforms today's computers from their current state of unpredictability and vulnerability to a new solid state of continuous computing. Persystent's software automatically repairs and restores an infected or corrupted PC's operating system and software applications, on or off the network, while also ensuring enforcement of corporate configuration policies. It returns the PC operating environment to a work-ready and compliant state each time the computer is turned on — all without human intervention.

“This important round of funding will help Persystent build a scalable and sustainable business with greater emphasis on marketing, sales, and continued development of the company's product portfolio,” said Joe Loughry, Persystent's CEO. “The investment demonstrates that Persystent has innovative technology and a business model that clearly fills a void in the market to deliver real business value addressing real business PC problems.”

Persystent's break-through high-speed imaging technology delivers unsurpassed value in terms of cost savings and efficiencies for corporations. Its automated PC provisioning, O/S migration, selective file-level imaging and single-level storage are unmatched in the industry.

More than 100 customers have already successfully deployed Persystent's flagship product, Persystent Enterprise, including the Department of Defense, PacCoast Builders, Travis County (Austin) Texas, Continucare, Mediacom, Sarasota Memorial Hospital, City of Orlando, U.S. Army and the Pentagon. Persystent Enterprise has been deployed in a wide range of industries, such as manufacturing, healthcare, government, technology, and education, and has the scalability to be deployed in the largest of enterprises.

“Persystent's superior technology combined with an experienced management team made the company a very attractive investment,” said Jim Sanger, Partner, ABS Ventures. “The company is well-positioned to grow its leadership in providing software that takes corporate PCs from a dysfunctional, unpredictable state to a solid state of continuous computing.”

About Persystent Technologies

Persystent Technologies' breakthrough software is the world's only solution to automatically repair PCs prior to the booting process, whether the PC is ON or OFF the network. The company's flagship PC repair and high-speed imaging solution, Persystent Enterprise (PE), takes organizations' PCs from dysfunctional, unpredictable state to a solid state of continuous computing — all without human intervention. PE automatically restores a corrupted PC's operating system, registry, applications and settings to a trusted state to ensure compliance with policy guidelines and governance requirements, empowering organizations with improved service levels and business continuity. Persystent customers include small, medium and large organizations across industries and in the public sector. For more information, visit http://www.persystent.com.