Thursday May 25, 8:05 am Eastern TimeCompany Press Release
SOURCE:
Zero G Software, Inc.Zero G Receives Major Round of Funding Private Equity Investment Led By Opticality Ventures
Investment Accelerates Zero G's Entry Into the ASP Infrastructure Market
SAN FRANCISCO, May 25 /PRNewswire/ -- Zero G Software, Inc., the leading
provider of multi-platform software deployment solutions, today announced it
has received a second-round private equity financing investment, led by
Opticality Ventures. Based in Briarcliff Manor, New York, Opticality is a
venture capital firm that specializes in early and expansion-stage investments
in private technology companies.
According to Eric Shapiro, Zero G's president and CEO, the funds will be
used for new product development, to accelerate partnership opportunities, and
to facilitate the company's expansion into the application service provider
(ASP) infrastructure sector. Zero G, which is best known for its
InstallAnywhere® deployment product line, is evolving its business model
toward software services, targeting the burgeoning ASP market.
``We are extremely pleased with the confidence that Opticality and other
partners such as Schoffstall Ventures have placed in Zero G by making a
significant investment in our company,'' Shapiro said. ``Opticality has a
remarkable knack for choosing up-and-coming technology companies and then
providing the financing and the business expertise for them to move quickly
into leadership positions. We look forward to taking full advantage of
Opticality's investment in time and money as we face the challenges and
opportunities ahead.''
``We are very impressed with Zero G. The company has a terrific management
and a talented development team. They are well-positioned to take advantage of
the dramatic growth we see coming in the ASP infrastructure space,'' said Hadar
Pedhazur, principal of Opticality Ventures. ``We were drawn to Zero G's track
record and the remarkable success of its multi-platform, software deployment
products. We are glad to have the opportunity to help accelerate the company's
expansion.''
About Zero G
Zero G is the leading developer of multi-platform software deployment and
updating solutions for use by software developers and information system
professionals. InstallAnywhere, the company's award-winning flagship product,
has become the de facto standard for multi-platform deployment and
installation, creating professional installers for virtually any operating
system. Some of the company's customers include Adobe, AT&T, FedEx, IBM,
Intel, Novell, and Sun Microsystems. Zero G is headquartered in San Francisco,
California, and can be found on the Internet at http://www.ZeroG.com.
About Opticality Ventures
Based in Briarcliff Manor, New York, Opticality Ventures is a venture
capital management company focusing on investments in private technology
companies, primarily those involved in software development that concentrate
on finance, the Internet, programming tools, development environments,
distributed object systems and programming languages. Opticality and its
partners have a history of successful investments, providing venture funding
for a broad range of entrepreneurial companies such as Red Oak Software,
Digital Creations, SciComp Inc. and XMLSolutions Corporation. For more
information, call Hadar Pedhazur at 914-923-0003 or visit the company's Web
site at http://www.opticality.com.
NOTE:
Zero G, Zero G Software, PowerUpdate, and InstallAnywhere are
trademarks or registered trademarks of Zero G Software, Inc. Opticality
Ventures is a trademark of Opticality Ventures, LLC. All other trademarks and
registered trademarks are the property of their respective owners.