Uplogix Gets $10M

Austin-based Uplogix said today that it has raised $10M in additional funding from Citi, Adams Capital Management, and Fayez Sarofim & Co. The firm, which develops an appliance used for remote management of IT infrastructure, said it will use the capital to accelerate its global expansion. Uplogix' product is used by enterprise customers to manage their computing systems; Citi, one of the firm's new investors, is also a customer of the company. More information »