ACADEMIA

Industry veteran becomes CEO of Clustering Software Leader: Scali today announced that it has closed on $3.5 million in funding from investors Atlas Venture and Four Seasons Venture. The new round of funding will help fuel the company’s continued growth and market share expansion. Scali also announced that Jack Kay has joined the company as President and CEO. Prior to joining Scali, Kay, as president and CEO of Axsun Technologies, revived a nearly defunct telecommunications start-up. From 1994-1999, he was President and CEO at Phoenix Technologies, where he drove the company’s BIOS market share from 18% to 75% via growth and acquisition, while the company’s market capitalization increased more that 600%. “We are very enthusiastic about our continued investment in Scali,” said Alexander Brühl, senior partner at Atlas Venture. “Scali is in a strong position to continue to lead the clustering market while growing its market share, and with the addition of Jack Kay to the management team, we are all confident of Scali’s success.” “The breadth of Scali’s technology portfolio and its strong and loyal customer base will continue to fuel its growth,” said Bjarne Lie, partner at Four Seasons Venture. “We are confident that Scali will continue to grow its market share in this rapidly expanding arena.” “Scali has sound, innovative technology, a team with deep technical knowledge, and strong customer relationships,” said Kay. “As the sole independent commercial software supplier in this market, Scali is in a great position to offer customers a strong alternative to open source or proprietary solutions, which more and more customers are seeking.”