Pivot3's latest round of $25 million in funding will spearhead its entry into international markets as well as help bolster its line of integrated storage appliances.
With the venture capital infusion, Pivot3 will open its first offshore sales office and demonstration lab--in Tokyo--which will support the larger Asian market. Pivot3 sells IP-based storage area network (IP-SAN) appliances that integrate video management software from a menu of partners--delivering surveillance management and terabyte-level storage in one box. The company is coming off its first sales in the Pacific Rim region, having made recent installs in South Korea, said Lee Caswell, co-founder and chief marketing officer. The company also plans to double its U.S. sales force to 20 from its current 10, he said.
With the venture capital infusion, Pivot3 will open its first offshore sales office and demonstration lab--in Tokyo--which will support the larger Asian market. Pivot3 sells IP-based storage area network (IP-SAN) appliances that integrate video management software from a menu of partners--delivering surveillance management and terabyte-level storage in one box. The company is coming off its first sales in the Pacific Rim region, having made recent installs in South Korea, said Lee Caswell, co-founder and chief marketing officer. The company also plans to double its U.S. sales force to 20 from its current 10, he said.
Continue reading $25M in New Funding Sparks Pivot3 Sales and Product Expansion .
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