In this paper we will discuss about the recent business deal made by the Texas based software company NextIO Inc. The deal was announced publicly in March 2008. The company will receive an 18.8 million dollars investment from Adams Capital Management, VentureTech Alliance, Crescendo Ventures, JK&B Capital and Dell.
This deal will enable NextIO to spend more on its research and development department, which, in turn, will accelerate the company’s growth in the software industry.NextIO Inc. announced its recent business deal publicly on 3rd March 2008. The company will receive an 18.8 million dollars investment altogether from Adams Capital Management, VentureTech Alliance, Crescendo Ventures, JK&B Capital and Dell.
Till date, NextIO has collected almost 40 million dollars as an investment.NextIO, established in 2003 and situated in Texas, develops “I/O virtualization solutions” for the “enterprise-class servers” and the OEMs.
It is a private company which management team consists of umpteen industry veterans. NextIO was the first private organization that had been invited to take part in PCI-SIG’s I/O Virtualization Working Group.
The company also offers some “system-level solutions” for the “enterprise-class servers”, for example, PCI Express Virtualization systems.
Virtualization of the hardware in a “server environment” reduces the costs, simplifies the process of deployment and offers several management features that were previously unavailable. Therefore, the increasing demand for server virtualization has lured those companies to invest in NextIO. It is now becoming a leader in developing more powerful virtualized I/O solutions. Therefore, companies like Adams Capital Management, who has a rich investment history, have got interest paid in NextIO.
NextIO will use the money to advance its sales channels and expand its research & development team further so that it can release some new virtualization system products by the end of 2008.