RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Virtium, a solutions-driven provider of industrial memory and embedded solid-state drive (SSDs) storage products, today announced it has received a growth investment from L Squared Capital Partners. The investment by L Squared is intended to support Virtium’s continued growth and solidify its leadership in providing memory and storage solutions to the global market.
“This investment, from a highly experienced investor in the industrial technology sector, will be used to enhance Virtium’s product portfolio and strengthen our application engineering and SSD firmware development teams,” said Phu Hoang, CEO and co-founder of Virtium. “L Squared’s partners are highly regarded for their sound investment strategies and proven approach to value creation. Their approach aligns perfectly with Virtium’s performance-oriented culture.”
L Squared’s growth investment comes on the heels of the successful expansion of Virtium’s multi-faceted product portfolio and its global sales channel. Virtium recently announced an updated family of its DDR4 Mini-RDIMM and UDIMM memory modules that use 20 percent less power than DDR3 products. In addition, Virtium released a family of PCIe®-based SSDs featuring small footprints and the industry’s lowest power consumption that make them ideal for space- and air-restricted embedded/industrial applications.
Founded in 2014 and headquartered in Newport Beach, Calif., L Squared Capital Partners is a family-office-backed investment firm focusing on long-term investments in leading growth companies operating in targeted sectors: technology-enabled services, industrial technology, and education. L Squared’s principals have over 50 years of combined experience investing in growing private companies.
Virtium is a leading supplier of industrial-grade memory and storage solutions for the world’s top embedded-product OEMs. For nearly two decades, it has designed and built its products in the USA, fortified by a network of global locations. Virtium’s world-class technology and unsurpassed customer support result in superior industrial embedded solutions for our interconnected world.
StorFly is a registered trademark of Virtium. All other non-Virtium product names are trademarks of their respective companies.