Platform Solutions Inc. Receives Investment from Blueprint Ventures, Fujitsu, Intel Capital, InterWest, and InvestCorp
SUNNYVALE, Calif, -December 2nd, 2003-- Platform Solutions Inc. (PSI), a
supplier of open systems computing solutions for the mainframe environment today
announced that it has received investment funding from Blueprint Ventures,
Fujitsu, Intel Capital, InterWest Partners, and InvestCorp. This Series A round
of more than $10 million provides PSI with capital to expand engineering, sales,
and marketing resources for the further development of its enterprise data
center line of products.
This investment will help PSI bring together the capability for IBM™ MVS™, Unix, Linux® and Windows® operating systems to exist in one secure and highly reliable operating environment based on Intel® Itanium® 2 architecture.
"The enterprise mainframe data center is one of the last frontiers for open systems that can increase the value proposition for Corporate IT," stated Michael Maulick, CEO of PSI. "The distinct value that open systems bring should help IT management teams operate a more economic and efficient heterogeneous environment in a world dominated by costly single-purpose proprietary systems."
PSI was founded on the premise that open systems have distinct advantages over proprietary hardware and software offerings. This genesis began over seven years ago within the Amdahl corporation when a team of their lead engineers began developing an IBM® S/390® solution for the Intel® Itanium® platform.
"We led this investment because the combination of people and technology acquired from Fujitsu-Amdahl are uniquely qualified to execute on the strategy to drive MVS based mainframe application on Open Systems platforms," stated George Hoyem, Managing Partner Blueprint Ventures. "While researching this investment we found a deep pool of IBM customers seeking an Open Systems based alternative that could run MVS."
About Platform Solutions Inc.
Platform Solutions Inc., in conjunction with key business partners, is a leading provider of systems for mission critical mainframe datacenter applications. Based on technology spun-off from Fujitsu-Amdahl, PSI offers mainframe computing datacenters freedom of platform choice and the flexibility to bring together heterogeneous systems under a single managed environment. Privately held, Platform Solutions Inc. is headquartered in Sunnyvale California.
PSI can be reached at www.platform-solutions.com.