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Wednesday, January 27, 2010

Egenera lands $2M from debt, equity sale

By Craig M. Douglas

Egenera Inc., a developer of data-center management software, has raised $2 million through a debt and equity sale, the company disclosed in a regulatory filing Tuesday.

The Marlborough-based firm said the sale closed Jan. 15 and involved six investors. Company treasurer Kevin Kerrigan declined to identify the investors involved, adding that the firm would not discuss additional details about the offering.

Egenera lists a handful of venture capitalists on its board, including Bob Crants of Pharos Capital Group LLC in Dallas and Lou Volpe of Kodiak Ventures in Waltham.

In November, Egenera officials confirmed the company has about 140 employees and raised over $180 million in venture capital. The company, founded in 2000, swelled two 320 employees just over a year ago and strategized to take on data center giants like Hewlett-Packard and IBM. Since then, Egenera has followed a new, leaner approach to headcount and business units.
 

 

 

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