eXludus Technologies Inc.

eXludus Technologies Inc.

July 07, 2005 09:54 ET

First Round of Financing Completed for Quebec Based High Tech Start-Up: Pioneer eXludus Technologies Receives $1.5 million in Seed Financing

MONTREAL, QUEBEC--(CCNMatthews - July 7, 2005) - eXludus Technologies Inc, a pioneer in Grid Computing data serving technologies, today announced that it has secured $1.5 million in seed financing from Brightspark Ventures and Montreal-based Propulsion Ventures. The investment provides eXludus with the capital necessary to complete the development of its innovative data serving technology and launch its first product this summer.

eXludus Technologies is developing a family of software products addressing the need to transport data efficiently in Grid Computing applications. In practice, most Grid Computing deployments suffer performance degradation due to data serving bottlenecks, and are ill-prepared to cope with the constantly varying demands placed by networks of computers. eXludus' innovative technology removes data serving limitations and enables larger problems to be solved on larger cluster and Grid deployments than ever before.

"The rapid adoption of Grid Computing by industrial and commercial enterprises has placed very substantial data serving pressure which cannot be economically addressed by larger network and file server infrastructure investments " said Benoit Marchand, founder and CEO of eXludus Technologies. " By shifting the Grid Computing paradigm to data activated processing, we can provide the industry with unparalleled efficiency, scalability and robustness and thus significantly enhance the cost efficient nature of Grid Computing".

"We are quite enthusiastic by our investment in eXludus. The company is introducing an innovative product solving a critical issue in Grid Computing, which in our mind, is the next revolution in computing " declared Francois Gaouette, Managing Partner at Propulsion Ventures. "Not often does one come across such a talented entrepreneur as Benoit. He is a driven individual with strong credibility, domain expertise and a network of relationship in the industry".

"We are very excited about this opportunity. eXludus presents a unique blend of innovative IP, entrepreneurial talent and excellent partner relationships" said Sophie Forest, Managing Partner at Brightspark Ventures. "Benoit's impressive track record and reputation in the technical computing market were significant factors in our investment decision".

About eXludus Technologies

eXludus Technologies (www.exludus.com) is an innovative designer software company developing and marketing state-of-the-art data serving technologies for Grid Computing applications. eXludus' products eliminate performance bottlenecks inherent to traditional data transfer mechanisms. Its products aim to provide unprecedented ROI over hardware-only based infrastructure upgrades, while simplifying Grid management, due to their inherent robustness and autonomous failure handling. The technology boosts performance of any networking and file serving infrastructure and interacts directly with popular workload management systems with minimal integration effort. eXludus was founded in 2004 by computer scientist Benoit Marchand, who previously led HPC Business development teams in Europe for Sun Microsystems and for SGI.

About Brightspark Ventures

Brightspark Ventures (www.brightspark.com) is a leading early-stage venture fund. Brightspark works closely with entrepreneurs to develop and build market-leading software companies. With offices in Toronto and Montreal, Brightspark is backed by leading institutional investors who share its approach to early-stage software investing.

About Propulsion Ventures

Propulsion Ventures Inc. is a leading Canadian venture capital firm dedicated to the software industry. It accompanies outstanding entrepreneur in creating exciting companies in new emerging industry. Since 1995, Propulsion has contributed extensive operational, strategic and financial expertise together with a broad network of relationship to the development and success of its portfolio companies. Airborne Entertainment, Giganet, Sapling and Taleo are examples of companies that benefited from the support of Propulsion Ventures.

Contact Information

  • Source :
    AGC Communications
    Ahmed Galipeau
    (514) 849-7000 ext. 226
    or
    For information :
    eXludus Technologies Inc.
    Benoit Marchand
    (+) 1-514-885-1270 (Mobile)
    (+) 1-514-227-8411