Palo Alto, CA – July 17, 2014
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as financial advisor to InMage Systems, a leading provider in the emerging area of cloud-based business continuity, in its acquisition by Microsoft.
With this acquisition of InMage, Microsoft plans to integrate the InMage Scout technology into their Azure Site Recovery service to give customers a simple, cost-effective way to ensure business continuity with the power and scale of the Azure global cloud. This acquisition accelerates Microsoft’s strategy to provide hybrid cloud business continuity solutions for any customer IT environment, whether it’s Windows or Linux, physical or virtualized on Hyper-V, VMware or others.
“After careful consideration, Woodside Capital was selected as advisor to InMage. They did exceptional work from start to finish – providing engaged, thoughtful and creative senior-level support throughout the entire process. Their efforts played an important role in achieving a successful outcome,” said Kumar Malavalli, CEO, InMage Systems.
“WCP did a fabulous job for us. When we hire an investment bank, we look for domain expertise, industry relationships, strategic intelligence, world-class salesmanship and teamwork, among other qualities. WCP delivered on all these fronts and more, with a great result,” said John Hummer, partner of Hummer Winblad Venture Partners.
The financial terms of the transaction were not disclosed.
About InMage Systems
InMage System provides a comprehensive hybrid cloud platform for cloud backup, recovery and migration enables customers to leverage the Cloud seamlessly for secondary services including Cloud Migration, DR as a Service, Development and Test, Reporting and Analytics. InMage combines four key enablers into one solution that typically take years to develop in-house, or must be procured from different vendors. In January 2014, Forrester Research identified InMage’s Scout technology as a key enabler in the delivery of Disaster Recovery-as-a-Service. InMage also won a Penton Media Best of TechEd award and was named to the 2013 Red Herring Global 100 list of the world’s top private technology companies. InMage was founded by storage networking visionaries Kumar Malavalli, co-founder and former CTO of Brocade, and Rajeev Atluri, with a number of storage patents pending in next generation data protection technology. InMage Systems is headquartered in Silicon Valley and has engineering operations in Hyderabad, India. To learn more about InMage, please visit www.inmage.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Woodside Capital Partners is the Silicon Valley headquarters of M&A International, the world’s leading mergers and acquisitions alliance. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.
Woodside Capital Partners International LLC