Contact Information: Press Contact: Victor Cruz Tel. 401-808-6264 vcruz@mediapr.net Kate de Bethune Marketing Director Leostream, Inc. Tel. 781-577-9584 kdebethune@leostream.com
Virtual Hosted Desktop Vendor Leostream Raises $3 Million Series A Round
Led by Meakem Becker Venture Capital
| Source: Leostream
WALTHAM, MA--(Marketwire - May 19, 2008) - Leostream Corporation (www.leostream.com), a
leading developer of Virtual Hosted Desktop software, today announced it
has raised US$3 million in a first round of venture capital funding led by
Meakem Becker Venture Capital of Pittsburgh, PA (www.mbvc.com). Leostream
will use the proceeds from its sale of Series A shares for the expansion of
sales and marketing.
"Leostream has been shipping virtualization-related products since 2003,"
said Leostream CEO Michael Palin. "We are well-positioned as a connection
broker for Hosted Desktops, supporting Virtual Machines, Physical Machines,
and Terminal Services. Working with Meakem Becker allows us to add sales
and marketing resources and expand our reseller channel globally to better
serve our customers and partners."
Leostream customers include Avaya, Bell Canada, Commerzbank, The Mayo
Clinic, Samsung, the US Patent and Trademark Office, and 100 other
organizations in multiple industries.
Leostream Technology
Leostream Connection Broker software enables organizations to manage user
access to computing resources such as Virtual Hosted Desktops, Physical
Machines, and Terminal Services. It provides the production-proven,
scalable, fault-tolerant management layer required by organizations to
implement and enforce business policy for Hosted Desktops. Connection
Broker is vendor-agnostic and manages connections between a range of client
and back-end systems. Supported client devices include: Devon IT, IBM,
IGEL, Microsoft Windows (2000, XP, XPe, Vista 32- and 64-bit), Sun, and
Wyse. Back-end support includes: Microsoft Terminal Services, Physical
Machines, and VMware. Connection Broker supports the following remote
viewer protocols: Teradici PCoIP, HP RGS, Radmin, RDP, Sun ALP, and VNC.
SSL VPN support includes Cisco, F5, Juniper, and Sonicwall.
Leostream Connection Broker is a Virtual Appliance for VMware's ESX server.
It enables connection of the widest range of back-end systems and clients,
and supports industry-standard remote viewer and security protocols.
Connection Broker also provides a rich feature set for defining user and
machine policies, including pooling and provisioning Hosted Desktops,
defining "Session Stickiness" for users, and defining policies based on
User ID, location or type of client.
Industries ranging from hospitals and healthcare to software development
have used Connection Broker to derive the most value from their
virtualization implementations -- maximizing the benefits of centralized
management and control of data and applications; security; scalability for
cost-effective expansion, and failover for High-availability.
The product has been proven to scale globally to tens of thousands of users
and is capable of providing uninterrupted service in a wide variety of
disaster recovery scenarios.
Specialist IT Distributor, DNS Arrow, identifies Leostream as a key element
in their recent success in the Hosted Desktop space. "Leostream has been a
strategic technology partner for DNS Arrow," says Raj Mehta, Divisional
Director, Access and Virtualisation, DNS Arrow. "Their Connection Broker
software has proven to be a pivotal element -- enabling dozens of our
channel partners' customers to deploy Hosted Desktop implementations."
For more information visit www.connectionbroker.com
About Leostream Corporation
Leostream (www.leostream.com) is a vendor-agnostic software company that
has been a driver in the evolving virtualization space. With its Connection
Broker product, Leostream provides the most complete solution for
organizations to manage the Hosted Desktop.
Visit www.leostream.com or contact sales@leostream.com. Leostream Corp.,
411 Waverley Oaks Road, Suite 316 Waltham, MA 02452. Tel. (781) 577 9584.
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