Welcome!

Log Management Authors: Dana Gardner, Pat Romanski, Elizabeth White, David H Deans, Carmen Gonzalez

News Feed Item

Hercules Provides $10.0M Financing to Atrenta Inc., a Leading Provider of Design Automation Solutions to the Global Semiconductor Industry

Hercules Provides $10.0M Financing to Atrenta Inc., a Leading Provider of Design Automation Solutions to the Global Semiconducto

PALO ALTO, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Hercules Technology Growth Capital, Inc. , a leading debt and equity growth capital provider to technology and life science companies announced that on Dec. 30, 2005 it provided $10.0 million of structured mezzanine debt financing to Atrenta Inc., a leading provider of design automation solutions to the global semiconductor industry. Funds will be drawn upon as needed to accelerate the company's growth.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO )

"In response to the widespread market acceptance of its 1Team(TM) product line, Atrenta has been expanding rapidly over the past 12 months," said Sam Bhaumik, managing director of Hercules. "The company has opened several sales and support offices, launched a series of innovative products and closed multi-million-dollar contracts with some of the largest electronics companies in the world. We're confident that Atrenta will emerge as a major player in the Electronic Design Automation (EDA) industry and are pleased to have this opportunity to work with them."

"Hercules has an outstanding track record of financing emerging growth, high technology companies, and we're delighted to have them as our partner," said Dr. Ajoy Bose, president and CEO of Atrenta. "We will use these funds when necessary to expand our sales and support team and to roll out several new technologies that are currently under development."

About Hercules Technology Growth Capital:

Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialized finance company providing debt and equity growth capital to technology-related companies at all stages of development. The company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules focuses its investments in companies active in technology and technology-related industries such as computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure, Internet consumer and business services, telecommunications, and life sciences. The company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses.

For more information, please visit http://www.herculestech.com/ . Companies interested in learning more about financing opportunities should contact [email protected] or call 650-289-3060.

About Atrenta Inc.:

Atrenta Inc. is a leading provider of Predictive Development solutions for companies creating complex chips, systems and embedded software. Predictive Development is a new class of design automation solution that turns the costly and error-prone activity of electronic development into a more predictable, manageable and reliable process. Atrenta's 1Team Family of Predictive Development solutions enhances the entire development cycle -- from architectural planning to physical implementation, and from hardware to embedded software. Atrenta is headquartered in San Jose, Calif., with a research and development center in Noida, India and with sales and support offices worldwide. For further information, visit the Atrenta website at http://www.atrenta.com/; email [email protected] or call 408-453-3333.

Hercules Technology Growth Capital, Inc.

CONTACT: Hercules Technology Growth Capital, Inc., Main,
+1-650-289-3060, or [email protected], or Christina Carrabino of Hercules
Technology Growth Capital, Inc., +1-650-470-0200, or [email protected]

Web site: http://www.herculestech.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...