Company’s IT infrastructure management platform addresses pain points, offers high levels of efficie
Rocky Hill, Conn., July 19, 2010 – Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, today announced that it has made a $500,000 Series A investment in Weston Software Inc., of Westport, Conn., through its Seed Investment Fund.
Weston Software’s PowerTool Suite provides information technology (IT) managers a single solution for managing over 270 variants of UNIX, Linux and Apple Macintosh. “Think of our product as a universal remote control for all the different systems found in an organization,” says Hank Voight, Weston Software’s founder and chief executive officer. The software utilizes task automation, audit and controls to make systems management more efficient, effective and secure. With the revolutionary ability to be installed and fully operational within hours and requiring no changes to the existing IT environment, the suite offers an enterprise a return on investment on the very first day of ownership.
Voight added, “We are excited to be working with Connecticut Innovations in support of the rollout of the PowerTool Suite and the growth of our in-state technology community.”
“We want to grow information technology jobs in Westport and throughout Connecticut,” Governor M. Jodi Rell stated. “Our investment in Weston Software is aimed at helping our state remain competitive in the increasingly technology-oriented global marketplace.”
Weston Software develops solutions that streamline the management of multiple computer systems commonly found in large organizations. The company’s technology snaps into Microsoft Management Console, turning the world’s most familiar management interface into the most pervasive, powerful and flexible system-wide management technology on the market. The PowerTool Suite offers significant functional and cost advantages over existing tools.
“The introduction of Weston Software’s platform is incredibly timely,” said Peter Longo, president and executive director of CI. “Given today’s challenging economic climate, there is more pressure than ever for organizations to efficiently manage their IT infrastructures and increasingly complex and pervasive business applications. What’s more, organizations must adopt new ways to deal with data and information vulnerability. The PowerTool Suite provides a cost-effective solution – an industry-first platform to address these and other pain points.”
Anil Vasagiri, CI director of investments, will represent CI on Weston Software’s board of directors.
About Connecticut Innovations Inc. Connecticut Innovations (CI) is a quasi-public organization dedicated to driving a vibrant, entrepreneurial, technology-based economy in Connecticut. CI stimulates high-tech growth by investing in: early-stage Connecticut technology companies; university/industry research collaborations; technology transfer; and, clean energy initiatives through the Connecticut Clean Energy Fund. CI also fosters collaboration among government, business, nonprofit and academic organizations to advance technology growth and promotes public policies consistent with CI’s mission. For more information on CI, please visit www.ctinnovations.com.
About Weston Software Inc. Weston Software Inc. is a Connecticut corporation founded by Hank Voight in September of 2007. Headquartered in Westport, Connecticut, the company is a leading-edge software technology provider that is positioned to change the landscape of how disparate systems are managed, consolidating all platforms in a single console while eliminating the need for a server based management infrastructure.