Tuesday, March 29, 2011

Uplogix Ups Latest Funding To $12.8M

Austin-based Uplogix, which provides systems management and remote management products for data centers, has upped its latest funding to $12.8M, according to a recent regulatory filing by the firm. Details of the funding have not been announced by the company. The filing indicates the funds come as a combination fo a Series D and Series E preferred stock financing, plus conversion of prior bridge notes. Uplogix has previously raised funding from Adams Capital Management, Citi, and Fayez Sarofim & Co. The firm recently added Adams Capital Management's Lisa Frankovitch as Vice-President of Corporate and Business Development.