Today, the Center for Innovative Technology publicized that its very own CIT GAP Funds invested in CirrusWorks. CirrusWorks was a Virginia-headquartered corporation. It built system control platforms to aid IT managers. It aimed to run the networks easier, faster and more efficient.
"CirrusWorks has developed a truly innovative technology to meet emerging problems facing local area networks caused by mobile users, cloud systems and rich bandwidth consumption. Our investment will enable CirrusWorks to help organizations run their networks more efficiently, and it demonstrates our commitment to providing entrepreneurs with the necessary funding to develop solutions that solve the growing technology challenges facing enterprises today," Pete Jobse, CIT President and CEO, stated.
CirrusWorks made software gadgets that aid people in controlling access, using data and resourcing distribution on their local network systems. Their technological advancements gave operators the control they needed over who gets the bandwidth and when.
CIT GAP Funds came from early-stage investment funds that were placed near equity investments. It was used for the progress of technology, biology and clean technology corporations in Virginia.
CirrusWorks Co-Founders David Giannini and Michael Lovett stated, "Our mission is to make life easier for owners, operators and users of local area networks, and we are just scratching the surface of a huge need in the marketplace. With support from CIT GAP Funds, we can expand our market presence, drive product development and help bring some sanity to an increasingly chaotic data management world."
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