Tuesday, November 12, 2013

Quest Software Founder's Toba Capital Re-Ups On Quorum

Irvine-based Toba Capital, the investment firm of Quest Software CEO and founder Vinny Smith, has re-upped on Quorum, a developer of appliances for disaster recovery and backup--and also taken charge of the company. According to Quorum, it raised $10M in a Series C funding, and appointed Toba Capital venture partner Walter Angerer as the company's new, interim CEO. Quorum has now raised $36M in funding for its appliances, which use hybrid clouds to provide disaster recovery and backup for companies. Paul Sallaberry, who was on the board of Quest Software, has also joined Quorum's board of directors. Quorum is based in San Jose, California. More information »

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