Diablo Technologies Secures $15M in Growth Funding for Solid Operational Capability
2008-07-29 15:57:02 -
- Blanc & Otus Nicolia Wiles, Vice President, 512-372-6634 nwiles@blancandotus.com or Diablo Technologies Cedric Paillard, Vice President, Marketing, 819-859-5771 cpaillard@diablo-technologies.com Diablo Technologies:
-- Diablo Technologies, the proven lowest power, highest performance provider of memory bridging and subsystem interconnect solutions, today announced that it has secured an additional $15M in series B funding from BDC Venture Capital, GTI Capital and Celtic House Venture Partners.
-- The new influx of capital will allow Diablo to focus on product development.
-- New products planned are the introduction of new memory bridging devices based on Diablo ultra-low power DDR3 technology slated for Q4 2009 as well as development of new products in more consumer orientated market where low power is a quickly emerging need.
-- The new capital infusion will also solidify the company's operational capability and position them as a world-class fabless semiconductor manufacturer.
THE VALUE
-- Diablo Technologies
-- As the impact of power consumption in computing increases exponentially, some of the world's biggest manufacturers are turning to Diablo Technologies to help solve the inherent issues within the market - maintain the highest performance possible, while drastically reducing power consumption.
QUOTES
-- "Celtic House is pleased to continue its strong support for Diablo. The company has demonstrated outstanding innovation and leadership in its chosen market, has recruited exceptional high-speed silicon design talent and built a highly-experienced global management team. " - Tom Valis, Celtic House.
-- "Diablo has emerged as a force in the memory industry through superior technology development and customer service. Given the compelling benefits of low power consumption in 'Green IT' applications, Diablo is very well positioned to emerge as the market leader. We are delighted to partner with Diablo's management team and look forward to working with them in shaping the future of the memory industry." - Jean-Francois Giroux, BDC Venture Capital.
-- "Diablo's differentiated technology development, unique research philosophy and focus on solving customer and overall industry problems, have successfully positioned the company to take advantage of rapid growth in a variety of markets. The additional capital solidifies their financial strength and positions them very well to continue development of their product portfolio." - Roger Jenkins, GTI Capital.
SUPPORTING RESOURCES
BDC Venture Capital
www.bdc.ca
GTI Capital
www.gticapital.com
Celtic House
www.celtic-house.com
Diablo Technologies
www.diablo-technologies.com
About BDC Venture Capital
BDC Venture Capital is a major venture capital investor in Canada, active at every stage of a company's development cycle, from seed through expansion. Its focus is on technology-based businesses with high growth potential that are positioned to become dominant players in their markets. Established in 1975, BDC Venture Capital has invested in over 400 firms to date. It currently manages some $500 million in venture capital investments in the life sciences, telecommunications, information technology, and advanced technology sectors, as well as investments in funds.
About Celtic House Venture Partners
Celtic House Venture Partners is a leading venture capital firm focused on early-stage investments in Information Communications Technology. Since 1994, Celtic House has funded over 60 companies and committed over US$500 million - more than 70% to concept-stage start-ups. By working closely with company management, Celtic House has generated several billion dollars in stockholder value through 17 successful exits to date, 13 of which were seed-funded by Celtic House. Celtic House continues to produce superior venture returns in its target regions in Canada and Europe. Today, Celtic House is working with more than 20 active portfolio companies from its offices in Toronto, Ottawa, and London, UK. For more information, please visit www.celtic-house.com.
About GTI Capital
GTI Capital is a private venture capital company based in Montreal and it focuses its investment activities on early-stage companies evolving in the information technology and telecom sectors in Eastern Canada high technology hubs: Montreal, Quebec, Ottawa and Toronto. Since its inception in 1992, GTI Capital has invested over $100M in more than 50 seed and early stage companies and actively contributed to successfull exits in portfolio companies such as Mediagrif, eNGENUITY, Ad-Opt, Interstar, Elix, Mecair, Locus, Haptic. More information on www.gticapital.com.
About Diablo Technologies
Diablo is a fabless semiconductor company providing memory bridging and subsystem interconnect solutions to OEMs and DIMM Manufacturers globally. Using innovative, proprietary SerDes technologies and a fully custom CMOS library, Diablo combines 200+ years of unique experience and process expertise to continually push the boundaries of innovation and solve the industry's most complex design challenges. Headquartered in Gatineau, Quebec, Diablo has offices throughout San Jose, Hong Kong and Seoul.
Leader in High-Performance, Low Power Memory Bridging Solutions
Announces Series B Funding
