Power Assure Receives Strategic Investment from In-Q-Tel

Power Assure, Inc., a Santa Clara, CA-based data center infrastructure and energy management solutions provider, has received a strategic investment from In-Q-Tel, the investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.

The firms have also signed a development agreement.

Commenting on the deals, William Strecker, Executive Vice President of Architecture & Engineering and CTO of IQT, said: “Power Assure‚Äôs software will offer our customers in the U.S. Intelligence Community capabilities to drive additional efficiencies into their data centers by managing power consumption, optimizing asset utilization, and aligning power management with business processes”.

Led by president and CEO Brad Wurtz, the company develops Data Center Infrastructure and Energy Management software for large enterprises, government agencies, and managed service providers. Its Power Assure EM/4 allows CIOs, IT directors, and facilities managers to collect, synthesize and analyze the growing amount of raw data available from facilities and IT equipment and turn it into useful business information for making decisions in real time. This insight is designed to enable them to improve the efficiency, capacity and utilization of their data centers.

Power Assure is privately held with funding from ABB Technology Ventures, Draper Fisher Jurvetson, Good Energies, Point Judith Capital, and a grant from the Department of Energy. Partners include ABB, Cisco, Dell, IBM, Intel, Raritan, UL and VMware.

FinSMEs

07/09/2011

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