Formerly known as VersEdge Technologies, Actona says its software enables users to read and write to remote NFS and CIFS file servers as if they were on a LAN (see Startups Change Their Tunes). Actona has several customers for the first generation of its software, including Cadence Design Systems Inc. and Redback Networks Inc. (Nasdaq: RBAK). It also says it has a handful of companies beta testing the new 2.0 version, which it expects to launch in a couple of months.
"The financing will last us well into next year," says David Faugno, VP of finance and operations at Actona. Most of the money will go to sales and marketing, but there will be some growth in R&D as well, he says. Approximately two thirds of the company's 40 employees are engineers. Actona is based in Los Gatos, Calif., with offices in Haifa, Israel.
Eugénie Larson, Reporter, Byte and Switch
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