MPSTOR designs and supplies data storage management software and solutions for Cloud, Video, Telecommunications and other enterprise storage applications. The company was founded by CTO William Oppermann. It recently launched its "MPStackware" software products and has sold more than 1,000 licenses to date. MPSTOR closed a 700k financing and intends to use the funds to continue to expand the business. The company services enterprise storage use cases across multiple industries and is positioning its products for broader market adoption. MPSTOR Ltd develops data storage management products from its base in Cork, EIRE. The company completed a €1.5m equity financing to support its operations. The investment round was led by Kernel Capital (through The Bank of Ireland Kernel Capital Fund) with participation from Asian investment firm Winning Tack. In conjunction with the funding, Kevin Haverty was appointed MPSTOR’s new CEO. Director William Oppermann said the investment enables enhancement of the management team and that the company is focused on strengthening its existing sales team through additional appointments. No operating metrics or prior financings were disclosed in the article.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2011