SOURCE: Akimbi Systems

October 26, 2005 08:00 ET

Akimbi Systems Shortlisted to Present at IBDNetwork's Under the Radar™ Event

Akimbi Slingshot Selected as Promising Technology With Compelling Market Opportunity

SAN MATEO, CA -- (MARKET WIRE) -- October 26, 2005 -- Akimbi Systems, a pioneer in the complex configuration capture-and-restore (C3R) system market, today announced that it has been chosen to present at the third Under the Radar one-day event, with a focus on Enterprise Technologies. Under the Radar will take place on November 16, 2005 at the Microsoft campus in Mountain View, California.

Under the Radar will showcase young technology companies in eight emerging sectors within the enterprise technology space including: extrusion prevention, identity management, next-generation business intelligence, information lifecycle management, source-code analysis, second-generation RFID, data-center virtualization and multi-platform productivity tools. Under the Radar's signature format showcases four companies within a similar sector with a hard-hitting Q&A from judges and audience members, highlighting growth opportunities and challenges in each sector.

Judges hail from leading venture capital firms such as Allegis Capital, Accel Partners, Advanced Technology Ventures, Kleiner Perkins Caufield & Byers, Trident Capital, Hummer Winblad, Intel Capital, JPMorgan Partners, Morganthaler Ventures and SAP Ventures. Industry luminaries such as Michael Copeland, senior writer of Business 2.0; Tom Formeski, editor of Silicon Valley Watcher; and Steve Fox, editor-in-chief of InfoWorld, are among the speakers who will moderate the sessions.

Akimbi was handpicked by the IBDNetwork editorial team and Under the Radar advisory board based on its review of over 300 companies in this space.

Announced in September, Akimbi Slingshot is purpose built for use by software development and test teams in Global 2000 enterprises and packaged software and systems companies. Akimbi Slingshot automates the creation, capture, storage, sharing and restoration of even the most complex multi-machine software configurations to a pool of shared servers. Akimbi Slingshot is employed by many of the world's most effective software development organizations, enabling them to shave months off software development projects, reduce development and test equipment costs and dramatically increase the quality of delivered software systems.

"Across the board, the strong demand for Akimbi Slingshot has exceeded our expectations and suggests that our solution is inspiring organizations of all sizes to rethink the way they develop and test their software," said James Phillips, co-founder and CEO of Akimbi. "We're honored to have been selected to present at Under the Radar and look forward to making constructive use of the feedback we'll receive."

"Under the Radar gives emerging private companies an opportunity to present and receive feedback on their technology and business model from investors and potential strategic partners in a unique, interactive format," said Alison Murdock, president of IBDNetwork. "Our advisory board of VCs and executives from leading technology and service firms evaluated more than 300 early-stage companies and selected Akimbi based on its promising technology and compelling market opportunity."

About Akimbi Systems

Akimbi Systems develops virtual infrastructure management solutions optimized for use by software development and test teams in Global 2000 enterprises and software and system development companies. Akimbi's complex configuration capture-and-restore (C3R) system, Akimbi Slingshot™, automates the rapid creation, capture, storage, sharing and restoration of even the most complex multi-machine software configurations, enabling organizations to shave months off software development projects, while reducing development and test equipment costs. Headquartered in San Mateo, Calif., Akimbi was founded in September 2004 by CEO James Phillips and Chief Scientist Xun Wilson Huang. Akimbi is a privately held company and has received funding from Hummer Winblad Venture Partners, Partech International and Stanford University. Current customers include Ensim, Juniper Networks, Mimosa Systems, Scientific Technologies Corporation, SolidCore Systems, Teneros, and the University of Waterloo and strategic partners include Mercury, Microsoft and VMware. For more information, visit www.akimbi.com.

About IBDNetwork

IBDNetwork is a Silicon-Valley based "club for dealmakers." Its events and editorial offerings cover the business side of technology including: industry trends; emerging and established companies; new business models and strategies for growth; and dealmaking from partnerships to investments. It focuses on the individuals and companies that drive innovation with an offline and online community of CEOs, corporate development executives, VCs and financiers, and journalists. For more information, visit www.ibdnetwork.com.

About Under the Radar

Under the Radar began as an evening networking event in April 2003. After 18 months of sold-out events, IBDNetwork, urged by the VC and M&A professionals in its network, created a full-day event: effectively a one-stop shop to evaluate and explore new business opportunities, partnerships, potential investments, and trends in several technology sectors. Acteva, Comerica Bank, IBM, Intel Capital, LEWIS PR, Microsoft, Mohler, Nixon & Williams, Perkins Coie, Salesramp, and Square 1 Bank. For more information, visit http://www.ibdnetwork.com/index.php?option=com_content&task=blogcategory&id=20&Itemid=43.

Contact Information

  • MEDIA CONTACTS:
    Melinda Wilken
    Akimbi Systems
    (650) 356-4403
    Email Contact

    Wendy Hynes
    Text 100 for Akimbi Systems
    (415) 593-8444
    Email Contact