Verari Technologies, which makes servers and containers targeting the high performance computing (HPC) and cloud computing markets, announced last week that it has received a "significant investment" to support the growth of the company. In January, Verari's assets were bought by an investment group led by co-founder Dave Driggers, who is now Verari's Chairman and CEO.
The company said the investment will help it bring its next generation of FOREST containerized data centers and blade-based cloud servers and cloud storage solutions to market, and also boost its efforts to develop energy-efficient technologies.
"This funding is a significant milestone for Verari," said Driggers. "The investment comes at a crucial time as our traction is increasing and the cloud server and cloud storage markets are beginning to aggressively mature. Our FOREST and BladeRack platforms are being deployed worldwide through our outstanding partner network, and we are seeing strong levels of interest and demand for both. The additional capital puts us in an excellent position for extended growth and success."
Verari also announced the appointment of Marc Brown as the company's President and Chief Operations Officer. Brown will be responsible for managing Verari's day-to-day operations and will focus on the company's sales and marketing efforts.
Brown was most recently president of Kontron America, a $140M division of Kontron AG and a leading providers of high performance and long-life embedded computing technology solutions. In his new role at Verari, Brown will apply experience to the new wave of high performance, cloud computing solutions currently being developed and licensed by Verari Technologies.
"Marc has over 27 years of professional experience in the industrial computing market encompassing all aspects of executive management, operations, engineering, product development, marketing, sales management, business and channel development," said Driggers. "As an industry veteran with a successful track record of building strong organizations with demonstrated leadership and customer commitment, Marc will be instrumental in assisting Verari to further its position as a top-tier information technology provider."
On Dec. 11 Verari halted most operations and laid off most of its staff, and its assets were placed for sale in an auction. Driggers’ group purchased all of Verari’s inventory, equipment and technologies and said it will support past Verari Systems’ customers.