CRI Raises $10M Series A

SHELTON, Conn. -- CRI Technologies, an independent IT virtualization consulting and professional services firm, today announced that it has secured $10 million in Series A funding. Commonwealth Capital Ventures and Sigma Partners co-led the round and were joined by members of the companys executive management team.

A portion of the funding was used for the acquisition of virtualization consulting company Computer Resolutions. The funding will also be used to build the company’s management team, expand its operations and fund future acquisitions.

CRI Technologies’ focus on virtualization technologies and solutions enables the firm to deliver significant benefits to its large enterprise and mid-tier business customers alike, including increased asset utilization, lower physical infrastructure costs, reduced IT management costs, failover and disaster recovery protection and leading-edge desktop management and security solutions. The firm’s proprietary Operational Readiness Practice (ORP) brings together the people, process and technology required to help companies evaluate, assess and implement the best strategy for deploying their virtual infrastructure platform.

“The huge cost-savings and benefits virtualization technology offers to mid-tier businesses are driving exponential growth in demand,” said Commonwealth Capital Ventures General Partner Justin Perreault. “CRI Technologies’ accomplished executive team understands the challenges mid-tier business face in moving to virtualized environments and has built a skilled and experienced virtualization-focused consulting firm to address this enormous market opportunity.”

CRI Technology Solutions LLP