Unitrends Secures $9 Million in Series C Funding

Unitrends, a provider of innovative, integrated solutions that protect and restore critical data and systems, announced completion of a $9 million round of Series C financing. Paladin Capital Group led the round, which also included participation from other Unitrends venture investors, including the Aurora Funds, Harbert Venture Partners, and the Trelys Funds.

Unitrends will use this investment to fuel additional research and development, bolster its partner marketing programs and strengthen its sales and support organizations. Strong market demand is being driven by the increasing need for integrated, easy to manage data protection, disaster recovery and vaulting solutions.

"Data protection, business continuity and disaster recovery repeatedly rank as top priorities for IT leaders worldwide. We believe that Unitrends’ approach to delivering integrated solutions with advanced features in an easy-to-use appliance model is smart and needed in today’s data-intensive business environment," said Philip Eliot, principal, Paladin Capital Group. "Given the persistent demand for reliable data protection and recovery solutions, we are especially pleased to include Unitrends in our portfolio."

"Small and mid-sized businesses are particularly challenged to find reliable and affordable data protection and recovery solutions. Since day one, our commitment has been to deliver cost-effective solutions that meet the needs of end users, providing advanced features in an easy to install, easy-to-use, and highly reliable system," said Duncan McPherson, chief executive officer, Unitrends. "This funding round enables a new phase in the growth of our company, and provides significant flexibility and resources with which to advance Unitrends’ industry-leading suite of fully integrated data protection and disaster recovery products and services."