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01.29.04
COLUMBIA, SC - Unitrends Software Corp., a leader in the development of enterprise-class, cross-platform data-protection products and services, today announced that it has closed on a $252,500 financing round with Charleston Angel Partners, LLC (CHAP).
Unitrends made state news earlier this month with the announcement that it was expanding by
moving its corporate headquarters to Columbia from Myrtle Beach, S.C., and planning to create
40 new jobs in 2004. The company develops and markets data backup and recovery solutions for
small to mid-sized businesses, an often underserved market. Unitrends solutions offer fast,
automated, disk-to-disk backup over corporate networks and quick information recovery after
emergency situations, such as disk crashes and network shutdowns.
Unitrends President Jacques McCormack said the funds will be used for market development and
technology buildout. "This infusion of capital provides Unitrends with the resources to continue
building a powerful market presence for our disk-based backup and recovery solutions, which are
allowing companies of all sizes to ensure business continuity when the unexpected arises.
Charleston Angel Partners is committed to funding companies with a strong technology base and
realistic, long-term plans for success. We welcome them as partners."
"Charleston Angel Partners invests in growth-oriented firms with seasoned management, strong
boards, substantial market opportunity and solid, comprehensive business plans, and we believe
that all of those fundamentals are in place at Unitrends," said Rick Fenwick, CHAP's executive
administrator.
About Unitrends Software Corp.
Founded in 1987, Unitrends Software Corp. is committed to the protection of corporate-critical
data and is a leader in data protection. Unitrends provides powerful backup, recovery and
complete data-protection products and services that are cross-platform, scalable and simple to
use. More information on Unitrends is available from the company's website,
www.unitrends.com, or by calling (800) 648-2827.
About Charleston Angel Partners
Charleston Angel Partners (CHAP) is a member-driven organization composed of Charleston-
area business professionals working together to help support high-growth economic development
in the region. CHAP members share the common objectives of: supporting economic development
in the Charleston area and surrounding region, particularly in growth-oriented early-stage
companies with solid business plans and good management teams; improving their individual
investment returns by working together, leveraging their collective and diverse experience and
expertise; and sustaining and nurturing CHAP as a community leadership organization for
committed and energetic professional men and women, both active and retired. For more
information, visit www.charlestonangelpartners.com.
© the trelys funds
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