Intransa, an IP storage solutions provider, has received new funding from Rho Ventures, a division of Rho Capital Partners. The most recent round raised a total of $15 million since the beginning of 2008 to ramp up sales, marketing and development efforts.
“Intransa has demonstrated leadership in bringing the benefits of IP storage to video surveillance,” says Paul Bartlett, a partner at Rho Ventures and the newest member of the Intransa Board of Directors. “We are very excited by the opportunity to participate in the proven leader of scalable IP video storage for physical security and the company’s many potential growth applications.”
Rho Ventures joins other Intransa investors Entrepia Ventures, Guggenheim Venture Partners, Menlo Ventures and U.S. Venture Partners.
“I am extremely happy to have Paul and Rho Ventures join Intransa at this critical time,” says Bud Broomhead, CEO, Intransa. “While the economy is uncertain, the need to upgrade existing CCTV infrastructure affordably and risk-free will be more important than ever.”
Other Recent News
May 24, 2012
Since implementing an ordinance two years ago aimed at stemming a rise in false fire alarms, the Muskogee Fire Department (MFD) has seen a significant drop in dispatches to unwanted alarms, reports MuskogeePhoenix.com.
May 22, 2012
Eaton Corp., a diversified industrial manufacturer, announced this week it has agreed to purchase Cooper Industries for $11.8 billion.
May 15, 2012
The National Fire Protection Association (NFPA) has launched a recruitment campaign to increase the number of code enforcers participating on its technical committees.
April 24, 2012
The Board of Trustees here approved a false fire alarm ordinance that will require repeat offenders to pay $750 for each false alarm.
April 10, 2012
The Security Industry Association (SIA), in conjunction with several other groups, is supporting bipartisan legislation reintroduced by Congressman Jim Matheson (D-Utah) and Congressman Charlie Bass (R-N.H.) to increase the use of life-saving residential carbon monoxide (CO) alarms.