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News ReleaseFebruary 3, 2004 - Boston Corporate Finance Raises $8.8 Million for Marathon TechnologiesWESTWOOD, MA - Boston Corporate Finance, Inc. ("BCF") is pleased to announce that it has served as financial advisor to Marathon Technologies Corporation and assisted the company in raising $8.8 million in venture financing. Marathon, the only developer and supplier of fault and disaster tolerant solutions for industry-standard Microsoft® Windows® platforms, will use this funding for the launch of its patented Endurance® Virtual FTserverTM software. The funding round was led by Atlas Venture and Longworth Venture Partners. Along with Presidio Venture Partners, BCF participated in this financing. "The BCF professionals were quick to understand the significant potential of Marathon Technologies; were able to communicate this value to their network of premier venture capital sources; and were instrumental in closing a complex transaction," said George C. Tranos, President and CEO of Marathon Technologies. The funding allows for 100% payment to creditors and provides Marathon with a new capital structure and financial backing from committed institutional investors. Since introducing its initial fault and disaster tolerant solutions in 1996, Marathon has been a leader in providing solutions that assure the highest level of availability for standard Windows® servers. "With the launch of its software-based fault and disaster tolerant solution, Marathon is well positioned in the fastest growing segment of the server market," said Murray Beach, President of BCF. Beach continued, "Marathon's products will set a new standard in the high availability market- a standard that meets the price point and functionality demanded by every major server manufacturer." As evidenced by Marathon's established blue chip customer base and recent announcement that Fujitsu Limited is incorporating Marathon's technology across its PRIMERGY server line, Marathon is well poised to be the default high availability solution on all Windows® servers. About Boston Corporate Finance, Inc. Headquartered in Westwood, MA, Boston Corporate Finance, Inc. is a private investment banking firm focused on providing traditional investment banking advisory services to high growth companies primarily in the technology sector. BCF's senior professionals have both global, as well as, regional investment banking experience with firms including KPMG Corporate Finance and Advest, Inc. Additional company information can be obtained on the World Wide Web at www.bostoncf.com or by calling (781) 320-3200. About Marathon Technologies Corporation Marathon Technologies Corporation is the leading provider of software that delivers simple, cost-effective, continuous uptime for Intel based servers. Configured with industry-standard servers, the Endurance® product family from Marathon Technologies delivers affordable, easy-to-manage fault and disaster tolerance for any Windows application. Marathon is a privately held corporation based in Boxborough, Massachusetts, with offices worldwide. For information, please call (888) 682-1142 or visit online at www.marathontechnologies.com. Boston Corporate Finance, Inc. Tel: (781) 320-3200 View this press release in PDF format. |
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