RiverMeadow Software Closes $12 Million in Series B Funding to Fuel Corporate Growth

SAN JOSE, CA--(Marketwired - Sep 4, 2013) - RiverMeadow Software™ Inc., developer of the world's only automated server migration solution developed specifically for carrier and service provider clouds, has closed a $12 million Series B financing round including Cisco, Violin Memory and others. The new funding will continue to fuel RiverMeadow's growth as it drives deployments of the RiverMeadow Cloud Migration SaaS with carriers and service providers on a global scale.

"This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution," said Mark Shirman, CEO, RiverMeadow. "The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world's largest cloud infrastructure manufacturers and service providers. This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEM's in meeting the growing market demands for cloud migration."

In April, RiverMeadow announced that Cisco will use the RiverMeadow Cloud Migration SaaS tool in its Cloud On-Boarding Service offerings to help customers easily move entire server workloads to public, private and hybrid cloud environments. By reducing the cost, timeframe and complexity of cloud migration, the solution enables Cisco to quickly, easily and cost-efficiently deliver the benefits of cloud computing to their customers.

The RiverMeadow Cloud Migration SaaS automates the migration of live physical, virtual and cloud-based servers "as-is" into public, private and hybrid cloud environments. Developed from the ground up to accommodate the most comprehensive range of server-to-cloud migrations, the RiverMeadow Cloud Migration SaaS automates the cloud migration process from beginning-to-end, without the need to install agents or quiesce servers.

For more information on RiverMeadow, visit the company's website or follow the company on Twitter at @RiverMeadow1 and on Facebook.

About RiverMeadow Software
RiverMeadow Software Inc., with offices in San Jose, California and Westford, Massachusetts, is a privately held company founded in October 2009. RiverMeadow develops industry-leading SaaS that automates the migration of physical, virtual and cloud-based servers into and between public, private and hybrid clouds. Our RiverMeadow Cloud Migration SaaS sets the standard for migrating server workloads over the last mile into the cloud and intelligently brokering workloads between cloud locations once there. For more information please visit www.rivermeadow.com.

RiverMeadow is a trademark or registered trademarks of RiverMeadow Software. All other trademarks are the property of their respective owners. For further information visit: www.rivermeadow.com.



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