Cloudian, a San Mateo, CA-based provider of a scalable platform that consolidates, manages and protects enterprise data, announced a $125m joint venture with Digital Alpha, an investment firm focused on digital infrastructure and services, to accelerate adoption of its enterprise object storage systems.
The joint venture includes:
– a utility financing facility of up to $100m from Digital Alpha and its Limited Partners to enable flexible procurement options to accommodate customers’ storage environments; and
– a $25 million equity commitment to support expansion of Cloudian’s sales, marketing, engineering, and customer-support organizations.
Digital Alpha will also support the development of a partnership between Cloudian and Cisco Systems, Inc., covering relevant data-center architectures.
Led by CEO Michael Tso, Cloudian provides management solutions that bring cloud technology and economics to the data center of installed base of more than 200 customers.