"This cash infusion, along with the increasing sales momentum we’ve experienced over the past two quarters, positions Univa UD well with respect to our business plan for the remainder of 2008 and affords us the necessary flexibility to hire more development talent to fulfill our product roadmap", stated Jason Liu, Univa UD President and Chief Executive Officer. "We expect to solidify our leadership position in HPC systems management and to rapidly grow our opportunities in the data center virtualization and automation space."

Last year, Lisle, Illinois-based Univa merged with Austin, Texas-based United Devices to form Univa UD. Since the merger, the company has recruited renowned executives and developers to help with its growth and transformation into an industry leader in the areas of open source cluster management, Grid computing and data centre application provisioning. United Devices previously received funding from Mobius Venture Capital Inc., Constellation Ventures and Oak Investment Partners.

"This investment in Univa UD underscores our commitment to the company and our belief in the strength of both the management and technology teams, as well as the future of both the HPC and data centre businesses", stated Murray Wilson, a partner with River Cities Capital Funds. "Our overall long-term interest in Univa UD and its technology is based on our confidence in the company's ability to lead the market with innovative, cost-effective solutions for customers seeking to transform their HPC and data centre environments."