GigaSpaces gets $7m loan from Plenus
The company will use the funds to expand its business activity in new and existing markets.
GigaSpaces was founded in 1999 and according to IVC Online data, it has raised $14 million to date from BRM Capital, Intel Capital, and FT Ventures. The company develops technology for real time data processing, enabling rapid implementation of advanced IT architectures. Plenus manages $300 million and has granted a total of $200 million in credit facilities to more than 50 businesses.
GigaSpaces offers grid infrastructure management solutions, and scalable memory solutions for large enterprises. The company's solutions are designed for companies with high capacity systems, and it is essentially a competitor of giants such as IBM Corp. (NYSE: IBM), Oracle Corp. (Nasdaq: ORCL), and SAP AG (NYSE; XETRA: SAP).
Published by Globes [online], Israel business news - www.globes-online.com - on July 2, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options