Xiotech Adds $20 Million, New CEO
Xiotech Corp., an Eden Prairie, Minn.-based provider of data storage and business continuity solutions, has raised $10 million in new equity funding and $10 million in new debt funding. No investor information was disclosed. The company previously raised over $160 million in VC funding, including a 2002 recap led by Oak Investment Partners. In other Xiotech news, the company has named former EMC executive Alan Atkinson as its new CEO.
2 October 2009•3 mins read
