Releases

posted on 24 July 2008 11:29

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BOSTON--(BUSINESS WIRE)--Seanodes, the creator and leading developer of Shared Internal Storage solutions, today announced it has received about $2.4 million in funding from OSEO, France's national agency for industrial innovation, in the form of a no-interest loan to support ongoing technology development and company growth.

“It’s a very competitive process to receive OSEO funding, as there is an exceptional level of innovation being delivered by companies based in France,” said Jacques Baldinger, CEO of Seanodes. “We appreciate the financial support provided for product and services, and are honored to be recognized by OSEO as a company delivering critical engineering and research in information technology.”

“This additional funding will help to reinforce our R&D team and investments enabling us to accelerate the porting of our solution on Vmware and Microsoft’s platforms,” said Christophe Guittenit, CTO of Seanodes.

Exanodes™, the Seanodes software platform, allows virtualized infrastructure applications to marry unused disk space found in many server and storage clusters with existing or additional dedicated storage hardware to provide a powerful shared storage pool. Exanodes abstracts the storage layer from the physical devices enabling users to select the hardware and connectivity options that best suit their environment, today and tomorrow. As more and more HPC applications are limited by storage performance, user-friendly and non-intrusive Exanodes radically improves the global performance of computing infrastructures while delivering cost correct capacity expansion capabilities eliminating the need for traditional external RAID storage and its associated costs.

About OSEO

Established in 2005 by the French Government to support the growth and development of innovative small and medium enterprises (SMEs) throughout France, OSEO provides assistance and financial support to French companies in the most decisive phases of their lifecycles: startup, innovation, development, or business transfer/buyout. OSEO partners with banks, financial institutions and equity capital investors; research laboratories, universities, engineering schools, major companies; chambers of commerce and industry trade guilds; business startup assistance and support networks; government agencies and private organizations; European structural funds and community research programs. Its subsidiary, OSEO Innovation, provides aid for technology-driven research projects with genuine potential for commercialization. Support is provided in the form of no-interest loans, which are reimbursed if a project is commercially successful. A majority of companies receiving OSEO funding are in life science sectors.

About Seanodes

The creators of Shared Internal Storage (SIS), Seanodes is changing the architecture of Storage Area Networks and networked storage technology. Seanodes’ SIS platform Exanodes™ radically alters the economics and possibilities in data storage and application processing. Seanodes has earned multiple awards from industry analysts and the media recognizing its outstanding technology that virtualizes storage assets to convert unused internal disks and Direct Attached Storage (DAS) into a clustered shared storage array. Founded in 2002, Seanodes is headed by an accomplished team of storage industry veterans and has corporate locations in North America and Europe. More information can be found at www.seanodes.com or by calling 866-580-5515.