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PHD Technologies Officially Announces Funding Round, Fails To Share Any Details

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Remember last week when we reported on PHD Technologies, provider of the esXPRESS backup and restoration solution for virtualized infrastructures, announcing the appointment of Sridhar Murthy as the company’s CEO?

The press release also mentioned a fresh funding round, but was scarce on details. Today, the company decided to let us in on the questions we all ask when a new investment in a virtualization company is made: who decided to invest, and how much?

Except you won’t find any answers in their newest official press release either, except for the fact that it concerns “an equity investment from a top tier venture capital firm”. The rest of the press release was the usual marketingese, but I really wondered why PHD Technologies decided it was worth sending a press release containing absolutely no new information whatsoever?

PHD Technologies Appoints Sridhar Murthy As CEO

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PHD Technologies, provider of the esXPRESS backup and restoration solution for virtualized infrastructures, today announced the appointment of Sridhar Murthy as the company’s chief executive officer.

For the past two years, Murthy served as chief operating officer and chief financial officer at TicketsNow.com. During his tenure, the company doubled its revenues. Prior to this, Murthy was chief financial officer and vice president of operations at Collabnet, a provider of hosted enterprise solutions for distributed and outsourced software development. Earlier in his career, Murthy held finance and operations leadership positions at Get2Chip, Ariba Inc. and Remedy Corporation.

PHD Technologies recently received a significant equity investment from a top tier venture firm to help fund new product development and geographic expansion. In Q1 2008, esXPRESS surpassed the 1000th customer milestone.