Teradici Raises $17 Million Series C Financing Round

Teradici Corporation today announced completion of a US $17 million series C funding round for its PC-over-IP network-delivered computing technology. With network-delivered computing, users can work at inexpensive computer stations at any site, with all operating systems, applications, and data residing in central datacenters.

Teradici will use the new funds to continue to market its ground-breaking enterprise PC-over-IP technology around the world and to develop a new offering for consumers and small businesses. Customers of the future service would be able to sit at any workspace in the office, remote office, or user’s home, log in to access their system and files from the central datacenter. Customers would have the option of using their own equipment or receiving terminals as part of their contracted service. They receive exceptional graphics, multimedia, audio and USB connectivity without having to purchase, manage or maintain a PC.

Investors in the over-subscribed funding round include TELUS Ventures, the venture arm of TELUS, as well as Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital, and Alta Berkeley Venture Partners.

Teradici also announced that Kevin Salvadori, Executive Vice President of Business Transformation & Technology Operations at TELUS, will assume a seat on its board of directors. Mr. Salvadori brings to the board extensive strategic and operational experience in Information Technology systems architecture, application development and maintenance, technology operations, and physical and technology security.

The investment by TELUS supports the organization’s efforts to partner with high-potential companies that offer unique technologies and innovative products that will accelerate growth initiatives within TELUS.

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