SOURCE: Leostream

May 19, 2008 09:48 ET

Virtual Hosted Desktop Vendor Leostream Raises $3 Million Series A Round

Led by Meakem Becker Venture Capital

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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