Funds will be used to accelerate development of RecoverGuard™, a suite of Business Continuity Management Software solutions
Hertzlia, ISRAEL, November 14, 2005 – Continuity Software Inc., a leading provider of Business Continuity software solutions, announced that it has completed a Series A venture funding round of an undisclosed amount. The round was led by Giza Venture Capital, a premier Israeli based Venture Capital firm.
Continuity Software is well positioned to capitalize on the growing demand for Business Continuity solutions that helps companies enhance their recovery readiness at a reduced cost. The patent pending RecoverGuard™ solution helps customers ensure that all critical data is properly protected, and enforces the Business Continuity SLA. Continuity Software is working closely with a select group of Fortune 500 customers on building and testing the RecoverGuard™ solution.
“We were impressed with Continuity Software’s leadership, innovative technology, and customer response to their solution.” said Zvi Schechter, Managing Director at Giza Ventures, “Continuity Software has all the ingredients to capitalize on the opportunity: experienced team, a true business need, and the technology to build a winning enterprise solution.”
“We are pleased at the vote of confidence from Giza Ventures, and eager to build a leading Business Continuity software company,” said Gil Hecht, Founder and Chief Executive Officer of Continuity Software. “We introduce a new paradigm in Business Continuity management, helping customers know their data protection level, and whether their business is truly protected according to their protection SLA.”
About Continuity Software, Inc
Founded in 2005, Continuity Software, Inc is a leading provider of Business Continuity management software. Our primary product, RecoverGuard™, is a monitoring solution which empowers customers to effectively manage Business Continuity implementations, ensure their critical business data is protected, and maintain Business Continuity SLA. For more information, please visit www.ContinuitySoftware.com
About Giza Ventures
Giza Venture Capital (www.gizavc.com) was established in 1992 and manages four funds totaling about $500 million. Giza has invested in 81, early-stage companies in the sectors of Communications, Information Technology and Life Sciences, with 28 exits to date. Giza is headquartered in Tel Aviv with offices in New York and Singapore.
Continuity Software, inc: PR@ContinuitySoftware.com
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