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February 28, 2003 — (WEB HOST INDUSTRY REVIEW) — Sychron Inc. (sychron.com), a provider of policy-based workload management
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software for “computing power on demand,” recently announced its first round
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of institutional funding totaling $7.8 million. The round was led by Sigma
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Partners, with Dot-EDU Ventures, First European American Ventures and a
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number of angel investors also participating.
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With Sychron, businesses can dramatically lower their costs by making better
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use of their computing resources. By enabling IT managers to virtualize,
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monitor, and allocate server resources according to business-driven
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priorities, the workload management application helps businesses make the
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most of their technology investments and available IT staff.
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“Most corporations today are striving to get more out of their IT budgets
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through better utilization of their IT resources, including both their
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hardware and people assets,” said Mark Pine, Managing Director of Sigma
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Partners. “Sychron has developed a comprehensive solution that delivers
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today on the promise of policy-based computing that will enable companies to
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achieve their business goals within the constraints of limited IT budgets.
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What particularly impressed us about Sychron is the quality of the senior
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management team combined with the foremost experts in scalable distributed
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resource control.”
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“Dramatically increasing data center utilization efficiency and business
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effectiveness is rapidly becoming a mandate for enterprises around the
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globe,” said James Wambach, president and CEO of Sychron. “Our software
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enables IT managers to meet that challenge by automatically and instantly
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provisioning key server resources according to business-driven priorities.
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With this round of funding , Sychron is poised to deliver to a ready
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marketplace and address this developing customer focus.”
