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“Univa UD marks a new era in cluster and grid computing,” said Jason Liu, president and chief executive officer of Univa, who will hold the same position at Univa UD. “Customers will finally get access to industrial-strength open source products that are both proven and cost-effective. Our combined technology and implementation expertise, as well as the breadth of the solution set, represent the alternative to traditional offerings that customers have been waiting for.” Univa UD said it would announce a detailed product roadmap the week of Oct. 15, which Steve Tuecke, Univa UD’s chief technology officer, will be presenting at the Open Grid Forum meeting in Seattle. All existing products of both companies will continue to be supported and enhanced.“ "The market is becoming increasingly dissatisfied with expensive, pure-proprietary solutions from vendors who charge high licensing fees and tie them to long-term maintenance contracts,” said Ben Rouse, president and chief executive officer of UD. “Customers want hybrid solutions thatcombine high-end, proprietary capabilities with standards-based, open source components. Univa UD combines open source technology from pioneers in HPC and grid with proven, commercial grade solutions from UD who has a loyal and very satisfied customer base.” “Univa UD will be an open source software company that provides value-added technology on top of the basic open source download offering, much like the business models of other successful open source companies like SugarCRM and XenSource,” said Dr. Ian Foster, a co-founder of Univa who is widely recognized as one of the fathers of grid technology and who will serve as the open source strategist for the combined company. Finally, data center automation will remain a core and strategic initiative at Univa UD. Jikku Venkat, formerly UD’s chief technology officer, will lead a separate, data center focused business unit. The company said it plans to invest heavily in the data center automation market, as business needs continue to blur the lines between traditional HPC and the data center. Univa UD is a global company with customers distributed across the United States, Europe, and Asia. The company said it would continue to actively market its products and maintain its current customer and partner relationships in all three regions. Univa UD will launch its new corporate website on October 15, 2007 at www.univaud.com Because both companies are privately held, financial details of the merger have not been disclosed. About UNIVA UD Univa UD is the leading provider of open source products for grid and cluster computing environments. The company’s industrial-strength offerings range from departmental and HPC cluster management to enterprise-wide grids, and represent the proven and cost-effective alternative to traditional proprietary products that customers have been waiting for. Based on a combination of open source and proprietary components, Univa UD offerings include a downloadable open source cluster management product, a proprietary cluster product with rich functionality, and a comprehensive enterprise grid product based on award-winning technology. All Univa UD products are run by Fortune 1000 companies in large-scale, production environments. Univa UD is headquartered in Lisle, Ill. with offices in Austin, Texas. For more information, contact us Univa UD at 1-800-370-5320 or visit us at www.univaud.com beginningOct. 15, 2007.  Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise. Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com. |
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