RiverMeadow Closes $12 Million to Fuel Growth
September 4th, 2013 By: John Rath
RiverMeadow closes on $12 million from Cisco and Violin Memory to help grow its server migration cloud offering, and HP is selected by HoneyBaked Ham of Georgia and Rhode Island for IT services.
RiverMeadow Nets $12 Million
Server migration automation provider RiverMeadow announced it has closed a $12 million Series B financing round including Cisco, Violin Memory and others. The new funding will continue to fuel RiverMeadow’s growth as it drives deployments of the RiverMeadow Cloud Migration SaaS with carriers and service providers on a global scale. Cisco uses the RiverMeadow Cloud Migration SaaS tool in its Cloud On-Boarding Service offerings to help customers easily move entire server workloads to public, private and hybrid cloud environments. The solution automates the migration of live physical, virtual and cloud-based servers “as-is” into public, private and hybrid cloud environments. ”This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution,” said Mark Shirman, CEO, RiverMeadow. “The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world’s largest cloud infrastructure manufacturers and service providers. This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEM’s in meeting the growing market demands for cloud migration.”
HP Helps HoneyBaked Ham of Georgia
HP (HPQ) announced that the HoneyBaked Ham Company of Georgia selected HP Converged Storage to increase data center capacity and performance, enabling improvements in the intelligent real-time decision making that is critical to meeting seasonal business demands. The company’s legacy infrastructure lacked the capacity and performance needed to deliver real-time point-of-sale (POS) and inventory data imperative for managing seasonal demand. Upgrading to HP 3PAR StoreServ Storage improved HoneyBaked’s decision-making accuracy and speed by eliminating delays of mission-critical data, even during peak sales times. Real-time visibility into sales and inventory data have improved HoneyBaked’s forecasting and fulfillment capabilities, enabling it to more precisely meet customer demand. “We couldn’t make it through another holiday season experiencing mission-critical data delays caused by our legacy infrastructure,” said Kevin Madsen, senior infrastructure director, HoneyBaked Ham of Georgia. “HP Converged Storage centralized and improved the reliability of our data while eliminating performance delays to help stores maximize the customer experience by offering the right product mix and availability.”
HP also announced that it was awarded a $89.9 Medicaid contract extension with Rhode Island. Under the terms of the extension, HP will implement a number of enhancements to existing state systems, including migration of Rhode Island’s Medicaid data center operations to a state-of-the-art HP data center.