NextIO Signs Russian IT Firm

Austin-based NextIO, which develops I/O consolidation hardware, said Tuesday that it has signed a distribution deal with a Russian IT supplier. NextIO said that Open Technologies, which it described as one of the top 10 leading IT suppliers in Russia, will be the sole distributor of its NextIO family of products. NextIO is venture backed by Adams Capital Management, Crescendo Ventures, Dell, JK&B Capital and VentureTech Alliance. The firm has been in the process of signing up distributors, most recently adding distribution in the EMEA with PNY and Japan with ELSA Japan.