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New funding for Infinidat
TPG and Goldman Sachs are leading a new funding round that will enable Infinidat (www.infinidat.com) to accelerate customer-centric growth plans led by new management structure.
Additional investment from its existing investors – TPG Growth, Goldman Sachs, Claridge Israel, ION Crossover Partners and Moshe Yanai, founder of Infinidat, reinforcing investors’ commitment to Infindat. Plus, with the appointment of Boaz Chalamish, as its Executive Chairman, will further strengthen the company’s growth.
“There is a growing urgency for enterprise IT organizations, and managed service providers, to remain competitive by exceeding service levels, whilst efficiently managing costs and complexities within storage environments,” says Tim Millikin, partner at TPG Growth.
“We are proud to continue our partnership with Infinidat and welcome Boaz to the leadership team. With the addition of his deep sector experience and the completion of a strong funding round, Infinidat is poised to meet the rapidly changing needs of their customer base and position themselves as the go-to provider of agile storage technologies.”
“The continued confidence and commitment our investor community shows for our vision, strategy and ongoing ability to execute is a testament to our team’s work in building world-class, robust data storage solutions,” comments Infinidat Co-CEOs, Kariel Sandler and Nir Simon.
“We are excited to work with Boaz to execute our customer-oriented strategy providing advanced customer support and delivering future-proofed data management systems. We want to ensure end-users have the best customer experience, maintain top level system performance, whilst guaranteeing the highest levels of system availability in an increasingly data focused economy.”
Capitalizing on the company’s momentum, Infinidat recently bolstered its management team with the addition of Boaz Chalamish, a well-recognized industry veteran who joined Infinidat on 8 June as Executive Chairman.
“Today, customers are increasingly demanding cost-effective agile data storage solutions with a no-compromise approach on performance, reliability and scalability,” Chalamish said. “I’m especially excited to embark on this new journey with Infinidat, as I believe they can address these end-user demands in the most innovative way in the industry. I look forward to supporting the company in its next phase of sustained profitable growth.”
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