SAN FRANCISCO, May 25 /PRNewswire/ -- Zero G Software, Inc., the leading provider of multi-platform software deployment solutions, today announced it has received a second-round private equity financing investment, led by Opticality Ventures. Based in Briarcliff Manor, New York, Opticality is a venture capital firm that specializes in early and expansion-stage investments in private technology companies.
According to Eric Shapiro, Zero G's president and CEO, the funds will be used for new product development, to accelerate partnership opportunities, and to facilitate the company's expansion into the application service provider (ASP) infrastructure sector. Zero G, which is best known for its InstallAnywhere® deployment product line, is evolving its business model toward software services, targeting the burgeoning ASP market.
``We are extremely pleased with the confidence that Opticality and other partners such as Schoffstall Ventures have placed in Zero G by making a significant investment in our company,'' Shapiro said. ``Opticality has a remarkable knack for choosing up-and-coming technology companies and then providing the financing and the business expertise for them to move quickly into leadership positions. We look forward to taking full advantage of Opticality's investment in time and money as we face the challenges and opportunities ahead.''
``We are very impressed with Zero G. The company has a terrific management and a talented development team. They are well-positioned to take advantage of the dramatic growth we see coming in the ASP infrastructure space,'' said Hadar Pedhazur, principal of Opticality Ventures. ``We were drawn to Zero G's track record and the remarkable success of its multi-platform, software deployment products. We are glad to have the opportunity to help accelerate the company's expansion.''
About Zero G
Zero G is the leading developer of multi-platform software deployment and updating solutions for use by software developers and information system professionals. InstallAnywhere, the company's award-winning flagship product, has become the de facto standard for multi-platform deployment and installation, creating professional installers for virtually any operating system. Some of the company's customers include Adobe, AT&T, FedEx, IBM, Intel, Novell, and Sun Microsystems. Zero G is headquartered in San Francisco, California, and can be found on the Internet at http://www.ZeroG.com.
About Opticality Ventures
Based in Briarcliff Manor, New York, Opticality Ventures is a venture capital management company focusing on investments in private technology companies, primarily those involved in software development that concentrate on finance, the Internet, programming tools, development environments, distributed object systems and programming languages. Opticality and its partners have a history of successful investments, providing venture funding for a broad range of entrepreneurial companies such as Red Oak Software, Digital Creations, SciComp Inc. and XMLSolutions Corporation. For more information, call Hadar Pedhazur at 914-923-0003 or visit the company's Web site at http://www.opticality.com.
NOTE: Zero G, Zero G Software, PowerUpdate, and InstallAnywhere are trademarks or registered trademarks of Zero G Software, Inc. Opticality Ventures is a trademark of Opticality Ventures, LLC. All other trademarks and registered trademarks are the property of their respective owners.