Teradici closes US $17 Million strategic round

Earlier this month Vancouver’s Teradici Corporation announced the completion of a US $17 Million Series C funding round for their PC-over-IP network-delivered computing technology. Investors in the over-subscribed funding round include TELUS Ventures, Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital, and Alta Berkeley Venture Partners.

Teradici will use the new funds to continue to market its ground-breaking enterprise PC-over-IP technology around the world and to develop a new offering for consumers and small businesses. Customers of the future service would be able to sit at any workspace in the office, remote office, or user’s home, log in to access their system and files from the central datacenter. Customers would have the option of using their own equipment or receiving terminals as part of their contracted service. They receive exceptional graphics, multimedia, audio and USB connectivity without having to purchase, manage or maintain a PC.

Related to the announcement, Teradici also announced that Kevin Salvadori, Executive Vice President of Business Transformation & Technology Operations at TELUS, will assume a seat on its board of directors.