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12/01/2004
Stonehenge Portfolio Company, Datasynapse, Raises Equity Round Led By Goldman Sachs
DataSynapse Inc., the fastest-growing provider of grid computing solutions, today announced that Goldman Sachs led a round of venture financing with participation from existing investors Bain Capital, NeoCarta Ventures, Intel Capital, New York City Investment Fund, Silicon Alley Venture Partners, Stonehenge Capital and Wand Partners. In addition to its investment, Goldman Sachs has selected DataSynapse's GridServer(R) software for deployment in its global risk management area in the first quarter of 2005.
"Goldman Sachs is a leader in leveraging grid-based computing for demanding financial applications," said Peter Perrone, vice president with Goldman Sachs. "DataSynapse's products will help Goldman Sachs continue to scale our shared computer resources across our businesses."
Goldman Sachs joins a growing roster of 30 clients who rely on GridServer to help them realize the benefits of an agile and responsive IT infrastructure. The relationship reinforces DataSynapse's leadership position in the demanding financial services sector.
"We are proud to add Goldman Sachs to our global family of customers and partners," said Peter Lee, CEO of DataSynapse. "Our strategic partnership with Goldman Sachs adds momentum to our efforts to accelerate a standards-based, utility computing environment that can immediately respond to changing business requirements."
ABOUT DATASYNAPSE
DataSynapse, Inc. provides grid computing solutions for the virtual enterprise. The company's patented GridServer(R) software helps organizations realize the benefits of service-oriented computing (SOC) by virtualizing application services over a scalable, shared systems infrastructure. GridServer creates a standards-based, utility computing capability that delivers substantially higher service levels for radically lower cost by solving application performance constraints, significantly boosting the utilization of system resources and automating the involvement of IT professionals. DataSynapse works with the world's largest financial institutions including Bank of America, Credit Suisse First Boston, Goldman Sachs, Nationwide and UBS, as well as market leaders in the government, energy and industrial sectors. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com.
ABOUT STONEHENGE
Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, and Wisconsin. For more information visit www.stonehengecapital.com.
"Goldman Sachs is a leader in leveraging grid-based computing for demanding financial applications," said Peter Perrone, vice president with Goldman Sachs. "DataSynapse's products will help Goldman Sachs continue to scale our shared computer resources across our businesses."
Goldman Sachs joins a growing roster of 30 clients who rely on GridServer to help them realize the benefits of an agile and responsive IT infrastructure. The relationship reinforces DataSynapse's leadership position in the demanding financial services sector.
"We are proud to add Goldman Sachs to our global family of customers and partners," said Peter Lee, CEO of DataSynapse. "Our strategic partnership with Goldman Sachs adds momentum to our efforts to accelerate a standards-based, utility computing environment that can immediately respond to changing business requirements."
ABOUT DATASYNAPSE
DataSynapse, Inc. provides grid computing solutions for the virtual enterprise. The company's patented GridServer(R) software helps organizations realize the benefits of service-oriented computing (SOC) by virtualizing application services over a scalable, shared systems infrastructure. GridServer creates a standards-based, utility computing capability that delivers substantially higher service levels for radically lower cost by solving application performance constraints, significantly boosting the utilization of system resources and automating the involvement of IT professionals. DataSynapse works with the world's largest financial institutions including Bank of America, Credit Suisse First Boston, Goldman Sachs, Nationwide and UBS, as well as market leaders in the government, energy and industrial sectors. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com.
ABOUT STONEHENGE
Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, and Wisconsin. For more information visit www.stonehengecapital.com.
| Associated Company |
| DataSynapse, Inc. |
| Associated Office |
| New York |
