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Essentio Announces Strategic Investment From Vora Ventures
HAMILTON, OH (Feb. 18th, 2008) – Essentio, a leading provider of enterprise data management solutions, today announced a major strategic investment from Vora Ventures, a high-tech investment group. The partnership provides Essentio with strategic and financial resources to continue to grow its business.
As a leading provider of enterprise data management solutions, Essentio provides cost-effective solutions to improve system performance, mitigate risk, and achieve and maintain compliance. Essentio’s flagship product, Archivist, helps enterprises manage their data growth by automatically archiving inactive, non-essential and outdated data, while maintaining referential data integrity.
Vora Ventures is a high-tech investment group involved in management and ownership of 11 technology companies worldwide. Vora Ventures is also owner of the Vora Technology Park, the largest technology park in the Midwestern U.S., and is developing the first Tier IV data center in India.
“Aligning with Vora Ventures will enable us to accelerate our growth and expand our portfolio of solutions for helping enterprises more effectively manage their data,” said Nirav Shah, president and CEO of Essentio. “Vora Ventures’ outstanding track record in facilitating growth of the technology companies it is involved with means Essentio will now be able to provide even more effective products, solutions and customer service.”
“Essentio is an ideal fit with our focus and commitment to invest in technology companies with outstanding management, innovative technologies, and compelling, state-of-the-art solutions,” said Viral Vora. “Essentio addresses a major problem – enterprise data growth – that is increasingly hampering businesses, raising costs and reducing productivity, and offers a unique approach that has proven successful and provides tremendous potential for further growth.”
About Essentio
Essentio is a premier provider of enterprise data management solutions that improve system performance, mitigate risk and achieve compliance. Archivist, by Essentio, is a complete end-to-end solution, helping substantially reduce costs and improve risk management. Archivist is specifically designed for users of JD Edwards® EnterpriseOne and World software.
