Atempo secures $22 Million in Expansion Capital

Atempo, Inc., announced that it has raised $22 million in Series B funding to drive the company’s continued global expansion. New investors Intel Capital, who led the round, Steelpoint Capital Partners, and Ridgewood Capital all participated in the funding.

Atempo will use the investment capital to accelerate development of its cross-platform product suite and leverage its award-winning storage management solutions to address the backup, archiving and data storage management needs of companies that depend on the Windows, Mac, Linux, UNIX, and iSeries operating systems. Atempo’s storage management solutions, which include archiving, backup, continuous data protection and rapid restoration products, have a proven record of delivering superior performance in some of the world’s largest, most data-intensive environments.

The funding will allow Atempo to build on its success with 3,000 enterprise and mid-market customers by providing tightly integrated data protection and archiving solutions to targeted strategic markets. These opportunities include government agencies, universities, research facilities, digital media and post-production companies.

GrowthPoint Technology Partners served as financial advisor to Atempo for the transaction; Fenwick & West served as outside counsel.

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