Reldata Answers SMB Storage Demand

An article on Red Herring reports that RELDATA has raised $4 million in Series B funding to grow its market and take advantage of the expanding demand for cost-effective data management solutions for small and mid-sized businesses. Grazia Equity GmbH, an existing investor, contributed to the round of funding that RELDATA says, it will use to further expand its business, hiring predominantly sales and marketing professionals, as well as several engineers in order to continue to grow its market and product line.