SCRA Technology Ventures Announces Investment

  • Aug 26, 2015
  • Press Releases

Will Present "Big Check" to Servosity at NEXT on Main Opening Event

Greenville, SC - SCRA Technology Ventures' SC Launch program today announced a $200,000 investment in Greenville-based Servosity. SCRA will present a commemorative "big check" tonight at an event, cohosted by SCRA Technology Ventures and NEXT, celebrating the opening of NEXT on Main and Servosity's move to the new facility.

Servosity delivers mission-critical disaster recovery as a service to Managed Service Providers and IT resellers making servers un-crashable, files un-losable and downtime removed. During a disaster recovery situation, the technology allows for streaming of operating systems, so information is immediately received with no wait time for downloads.

We are thrilled to be part of the SC Launch program and will use this investment to further our technology and grow high-tech jobs in South Carolina," said Servosity Founder and CEO Damien Stevens. "Locating our operations at NEXT on Main is the next step in our growth as a company, and we thank the team at NEXT for their support."

NEXT on Main is located on the third floor of the Bank of America building downtown, occupying 20,000 square feet of unique space dedicated to the continued evolution of the technology ecosystem in Greenville. The new space is currently home to nine entrepreneurial companies that are making a major impact on the South Carolina economy, including Servosity.

"We are delighted to celebrate this milestone with Servosity," said SCRA CEO Bill Mahoney. "It is an honor to work with the entrepreneurs of technology-based companies in South Carolina, and we are pleased to see Servosity growing and moving to NEXT on Main. SCRA's SC Launch program fosters high-tech economic development through investments in companies like Servosity, fulfilling our mission to grow the 'Knowledge Economy' in the state."

About SCRA

SCRA Technology Ventures enables research commercialization and promotes the development of high tech industries, enhancing South Carolina's technology-based economy. Through its flagship SC Launch program, this SCRA business sector makes investments in and offers support services to South Carolina's early stage, start-up technology companies.

Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $18.1 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $79,000.

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