SOURCE: Akimbi Systems

November 22, 2005 08:00 ET

Akimbi Systems Wins Audience Choice Award at IBDNetwork's Under the Radar™ Event

Akimbi Systems Selected as the Company Most Likely to Succeed in the Data Center Virtualization Sector

SAN MATEO, CA -- (MARKET WIRE) -- November 22, 2005 -- Akimbi Systems, a pioneer in the complex configuration capture-and-restore (C3R) system market, won the Audience Choice Award as the company most likely to succeed in the data center virtualization category at the third annual Under the Radar event hosted on November 16, 2005 in Mountain View, Calif.

"Winning the Audience Choice Award in the data center virtualization category further reinforces the valuable service we are providing customers who are facing complexities in software developing and testing," said James Phillips, cofounder and CEO of Akimbi. "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."

Under the Radar showcased 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 showcased 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.

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 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.

"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 to a shared pool of servers, enabling organizations to shave months off software development projects, while reducing development and test equipment costs. Headquartered in San Mateo, Calif., Akimbi has received funding from Hummer Winblad Venture Partners, Mayfield Fund, Partech International and Stanford University. Customers include Cast Iron Systems, Ensim Corporation, Juniper Networks, Mimosa Systems, Scientific Technologies Corporation, SolidCore Systems, Teneros, and the University of Waterloo. Strategic partners include Mercury, Microsoft, PlateSpin 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
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    Wendy Hynes
    Text 100 for Akimbi Systems
    (415) 593-8444
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