NextIO Secures Funding Designed To Double 2012 Revenue28 May 2012 17:35:00
NextIO, pioneers in I/O consolidation and next-generation networking solutions, has recently announced that it has secured Series F funding of $12.1 million.
The company witnessed significant growth in 2011 and plans to use this extra investment to further expand sales and marketing as well as boost its family of consolidation solutions.
NextIO enjoys a broad customer base, including managed service providers, government and finance. The NextIO portfolio includes the newest addition, the vNET I/O Maestro, providing numerous benefits surrounding server connectivity at the rack level to both Ethernet and Fibre Channel networks.
K.C Murphy, President and CEO of NextIO, announced that the additional funding represented “...a vote of confidence in our strategy for datacenter I/O consolidation” and would provide a platform for the company to double its revenue in 2012.
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