SCIENCE

Funding to fuel accelerated high performance computing market penetration

ING Corporate Investments, a subsidiary of ING, a global financial institution, has acquired a minority stake in the company. Bright Computing was founded in Amsterdam, The Netherlands and has its US headquarters in San Jose, California.

“We have thoroughly evaluated both the company and its technology and have concluded that Bright is well-positioned to shake up its market and greatly extend its reach,” said Maarten Hopman, Head of Corporate Investments at ING. “I’m impressed by Bright’s rapid success in the market. Many large research, academic and commercial organizations in the US and Europe are using Bright to manage their complex systems.”

This investment will enable Bright Computing to further expand its reseller network worldwide and its direct sales capabilities in the US, as well as fund continued product development. The company has implemented an aggressive growth strategy that builds on its strong momentum in the HPC market.

“ING is already proving to be a valuable shareholder,” said Dr. Matthijs van Leeuwen, CEO of Bright Computing. “Having one of the largest financial institutions in the world backing our company is a strong vote of confidence in our future. It builds on the already strong validation by our many customers who trust our product to manage their important HPC systems.”