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DATAllegro Completes Series 'C' Funding; Data Warehouse Appliance Vendor Raises $22.5 Million to Provide Foundation for Growth.(Company overview)

Byline: Staff

ALISO VIEJO, Calif., Sept. 20, 2006, Sep 20, 2006 (PRIMEZONE via COMTEX) -- DATAllegro(tm), a supplier of industry leading data warehouse appliances, today announced the closing of $22.5 million in venture capital funding. The "C" Series round was led by JAFCO Ventures and included Focus Ventures as well as existing investors Adams Capital Management, Intel Capital, Palomar Ventures and Venrock Associates.

DATAllegro offers data warehouse appliances that are especially valuable for companies with very large amounts of data. The company's patent-pending technology enables its customers to more rapidly query their data at a price that is frequently a tenth of the price of traditional offerings. Over the past year, the company has announced new products and customers as well as expansion into the European market segment. The new funding will provide a foundation for continuing the company's rapid growth.

"The combination of DATAllegro's value pricing and unrivaled performance gives it the ability to disrupt the data warehouse market segment," said Tom Mawhinney, General Partner at JAFCO Ventures. "We are very excited to work with DATAllegro's management team to help the company pursue this unique opportunity. …

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