SANTA CLARA, Calif., March 7, 2011 /PRNewswire/ — Samplify
Systems, Inc., a leading provider of technology, semiconductors and
sub-systems for medical, industrial, wireless, and scientific
markets, has completed its Series B round of funding. The
$11.2M of capital enables the company to fund its rapid growth in
its existing markets, and offers flexibility to expand into new
markets. Participating in the round are Integrated Device
Technology, Inc. (Nasdaq:
IDTI), Charles River Ventures, Formative Ventures and
Schlumberger (NYSE: SLB). The company also announced that
Ginger Hildebrand, Software Governance Manager for Schlumberger,
will take a board position at Samplify.
(Logo: http://photos.prnewswire.com/prnh/20080411/AQF028LOGO)
Tom Sparkman, CEO of Samplify, remarks, “Samplify has
experienced tremendous growth over the last year, driven by the
success of new products for its core ultrasound and wireless
markets. This funding round fully finances growth in the
company’s core markets, and gives us the flexibility to take
Samplify’s technology into new markets through our strategic
partners.”
Bruce Sachs, General Partner of Charles River Ventures, adds,
“With this round of funding, we are pleased to see Samplify
secure a path to self-sustain its business model for the
company’s technology and solutions. For Samplify to be
among the very few technology companies to complete a round in this
economic climate is a testament to its compelling technology,
solutions, market traction, and the strategic value the company
brings to its partners.”
“With this investment, we are looking forward to deeper
collaboration with Samplify,” comments Ted Tewksbury, CEO of
IDT.
Samplify has achieved many milestones in th
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