WALLINGFORD, Conn.--(BUSINESS WIRE)--VBrick Systems, Inc., the world leader in enterprise video systems, today announced it has closed a round of funding in the amount of $11.9 million. As testament to VBrick’s continually growing business, the new capital will be used to fuel domestic and international growth. Menlo Ventures, Morgan Stanley, RedShift Ventures and Adams Capital were key investors in the round which closed in September 2008.
VBrick offers the most comprehensive suite of enterprise video systems in the industry. Since its founding, VBrick has continuously set the standards for quality, performance, and innovation in the delivery of live and stored video over any network - LANs, WANs, and the Internet. With over 45,000 video products installed across thousands of IP networks world-wide, VBrick is the recognized leader in cost effective, high-performance, user-friendly networked video solutions.
“VBrick’s continued enhancements on its product lines, and their rapid expansion into over 5,000 customers including many of America’s leading companies, made it a very appealing investment,” said H. Dubose Montgomery, managing director at Menlo Ventures. “Over a six month time period, January to June 2008, VBrick witnessed an almost 50% increase in sales when compared to the same period in 2007.”
VBrick has also forged alliances with IBM, Microsoft, Polycom and Hewlett Packard to further enhance the seamless use of VBrick products while expanding their already substantial channel of value-add partners.
“Despite the current economic turmoil, VBrick has a compelling value proposition that propels growth as well as a sound balance sheet,” said Vince Graziani, VBrick CEO. “The investment of high profile firms such as Menlo, Morgan Stanley, RedShift and Adams Capital, is a great endorsement of our business plan and technology. Unlike bleeding-edge or niche applications, VBrick leads the way to unify, extend and distribute complete end-to-end video solutions throughout the enterprise.”
To learn more about the products offered by VBrick Systems Inc., please visit www.vbrick.com.
About VBrick Systems, Inc.
VBrick Systems is the world leader of live, online networked video solutions. Offering the most comprehensive suite of enterprise video products in the industry, VBrick provides business and organizations with robust and proven online video systems that connect people everywhere. Headquartered in Wallingford, CT, VBrick’s products and services are available through industry leading value-added resellers, systems integrators and distributors. VBrick Live: See What’s Next in Online Video. For more information, visit us at www.vbrick.com