Plug Compatible Mainframe System Manufacturer Receives Follow-On Investment
from Intel Capital
SUNNYVALE, Calif., November 3rd, 2004 - Platform Solutions, Inc. (PSI), a Plug Compatible
Manufacturer (PCM) of mainframe systems based on Intel® Itanium® 2 processor technology
today announced Intel Capital's participation in its Series B financing, which was
led by Goldman Sachs. PSI announced in August that it received second round financing
from Goldman Sachs, Blueprint Ventures, Interwest, and Investcorp. The new funding
will be used to support organizational growth and product launch activities.
PSI's vision of providing PCM servers capable of executing IBM's® z/OS® operating
system based on the Intel Itanium 2 processor will bring new options to mainframe
datacenters and help further drive consolidation efforts. Currently, Intel Itanium
2 systems support a host of operating systems on single server footprints, including
UNIX, Windows®, and Linux. Adding z/OS to these systems, an operating system that
controls an estimated 60% of corporate data, provides unique integration and data
sharing opportunities that have not previously existed for enterprise customers.
"Intel Capital is investing in companies like PSI to help reinforce Itanium 2 processor-based
systems' power and flexibility," said Scott Darling, Intel Capital vice president.
"PSI's ability to execute the z/OS operating system and integration of the Itanium
2 machine-check architecture with z/OS supports our vision of the Itanium processor
family as an open and highly reliable server platform."
"Since its founding, PSI has had a collaborative relationship with Intel focused
on expanding the virtualization capabilities of the Itanium 2 processor," stated
Michael Maulick, President and CEO of PSI. "Together, we believe that the Itanium
processor architecture provides the right platform for lowering costs for IT departments.
We're very pleased with Intel Capital's continued investment in our effort to expand
the application and use of the Itanium 2 processor-based platform."
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments
and acquisitions to grow the Internet economy in support of Intel's strategic interests.
Intel Capital invests in hardware, software and services companies in several market
segments, including computing, networking, and wireless communications. For more
information, visit www.intel.com/capital.
About Platform Solutions Inc.
Platform Solutions, Inc., in conjunction with key business partners, provides Plug
Compatible Manufacture (PCM) servers for mainframe applications. Based on technology
spun-off from Fujitsu®-Amdahl®, PSI offers mainframe computing datacenters alternative
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.
For more information, please visit www.platform-solutions.com.