Teradici Secures Investment from IQT to Enhance PC-over-IP Technology for the U.S. Intelligence Community

BURNABY, British Columbia--()--Teradici Corporation, the developer of the innovative PC-over-IP® (PCoIP®) protocol that enables a true PC experience for desktop virtualization, today announced a strategic investment and development agreement from In-Q-Tel (IQT), the strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.

Teradici PCoIP protocol is an innovative remote display technology that allows the user’s desktop operating system, applications, and data to reside in the datacenter, eliminating the need for traditional desktop workstations, PCs and thin clients, and delivers an uncompromised user experience to each person, anywhere, without incurring the security risks associated with having data reside in remote PCs. PCoIP technology provides high resolution, full frame rate 3D graphics and high-definition media, with full USB peripheral interoperability, locally over a LAN or remotely over a high-latency WAN. It compresses, encrypts and encodes the entire computing experience at the datacenter and transmits it 'pixels only' across a standard IP network to secure, stateless PCoIP zero clients, thin clients, and mobile devices.

The protocol is implemented in silicon for hardware accelerated performance and enhanced security, as well as in several software configurations, including VMware View™, the industry leading desktop virtualization platform. A growing ecosystem of over 25 third-party vendors provide a wide variety of PCoIP products including server plug-in cards, rack and tower workstations, blade PCs, zero clients, integrated monitors, and IP phones with added PCoIP capability.

“Teradici is an important addition to our strategic investment portfolio,” said William Strecker, Executive Vice President of Architecture & Engineering and CTO of IQT. “The company’s PC-over-IP technology has the potential to provide exciting new desktop virtualization capabilities for our Intelligence Community customers.”

"We are delighted to have IQT as a strategic investor and partner," said Dan Cordingley, CEO of Teradici. "Working closely with IQT will offer additional opportunities to enhance our technology in support of the U.S. Intelligence Community."

About Teradici

Teradici Corporation has developed PCoIP® (PC-over-IP®) technology, a unique remote display protocol which makes network delivered computing a viable corporate computing reality. Founded in 2004 and headquartered in Burnaby, BC, Canada, Teradici for the first time enables an exceptional end user experience for datacenter-based computing. Through a combination of unique graphics algorithms, flexible software solutions, high-performance silicon processing, and workstation/server add-in cards, the company is changing how personal computers are used, deployed and managed. More information is available at www.teradici.com.

About In-Q-Tel

IQT is the strategic, not-for-profit investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.

PCoIP and PC-over-IP are registered trademarks of Teradici Corporation in the United States and/or other countries. Any other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.

Contacts

Teradici Corporation
Mabel Louie, 604-628-2695
mlouie@teradici.com

Release Summary

Teradici Announces Investment from IQT

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Contacts

Teradici Corporation
Mabel Louie, 604-628-2695
mlouie@teradici.com