This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ORIX Venture Finance Provides SugarSync New Financing

Stocks in this article: IX

ORIX Venture Finance today announced the closing of $10 million in new financing for SugarSync. SugarSync will use these funds, in addition to funds from its recent series D financing round to accelerate the expansion of its datacenter footprint as the company continues its rapid global growth.

“SugarSync is clearly the technology leader in the fast growing Cloud storage, sync and sharing market, and as a result consumers are flocking to the service,” said Michael David, Managing Director and Co-Head of ORIX Venture Finance. “In addition to mass consumer adoption of the service, some of the world’s leading brands have selected SugarSync as their Cloud partner. This combination is driving SugarSync’s worldwide expansion, and we are proud to help enable their continuing growth plans.”

SugarSync is consistently selected by consumers and brands around the world because SugarSync is the only Cloud solution that is built with the flexibility to sync all of a user’s folders (not just one), is available on the most mobile devices (iOS, Android, BlackBerry, Windows Mobile and Symbian – with Windows Phone 7 coming soon), and is the industry’s only true two-way sync solution for mobile devices. Industry experts also repeatedly select SugarSync as the best-of-breed Cloud service, citing the same strengths. As a result, SugarSync currently has millions of customers in over 100 countries worldwide.

“With constant 400-600 percent year-over-year growth, we remain committed to expanding our datacenter footprint globally to ensure that we can continue to scale and provide the best Cloud service for our ever increasing user base,” said Peter T. Chantel, CFO of SugarSync. “ORIX is an excellent, strategic finance partner for us as we continue our expansion.”

SugarSync has emerged as a leader in the Cloud storage, sync and share market, and has been selected as a Cloud partner by brands including Samsung, Lenovo, Fujitsu, SanDisk, France Telecom-Orange, Korea Telecom, SoftBank and more. These partners, as well as the viral growth of SugarSync’s millions of direct users, have driven SugarSync’s swift worldwide growth.

About SugarSync

SugarSync is a free service that helps you sync your life. With a simple download on your computers and mobile devices, you have access to all the Cloud has to offer. Need access to all your files from any computer or mobile device? Check. Need to sync your stuff across all your devices? Definitely. Need to share large files or folders with your friends? Yes, we do that too. We’re truly a one-stop shop for the best of the Cloud.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs