Racktivity, a Lochristi, Belgium-based provider of energy management systems for datacenters and teleco companies, recently raised €2.5m in funding.
The round was led by Flemish investment company PMV, which committed €1m, with participation from X-ICT-ING, Big Bang Ventures II, Partech Ventures and the management.
The company is using the funds to expand its sales efforts throughout Europe by expanding the commercial organization and adding distribution channels.
Founded in 2008, Racktivity provides power management, rack control and software management solutions that are designed to save energy, reduce costs, improve uptime & reliability and protect infrastructure investments and data in data centers and service provider networks.
The company is hiring (read here).