Tuesday, November 30, 2010

PARC Spins out PowerCloud Systems

PARC (Palo Alto Research Center Incorporated) has spun out its latest start-up -- PowerCloudSystems, which is initially focusing on offering cloud-managed networking solutions for small and medium-sized businesses. Walden Venture Capital and Javelin Venture Partners are joining PARC as investors in the company.

PowerCloud Systems will provide its cloud-based technology to OEM vendors. The company builds on intellectual property developed at PARC, including two exclusive and eight shared patents in areas ranging from cloud-virtualized network controllers to "usable security." Usable security marries PARC's technological expertise about security with the behavioral realities of how people manage security in various contexts of use.

PowerCloud Systems' management team includes Jeff Abramowitz, who came to PARC as an entrepreneur in residence and conceived PowerCloud systems. Abramowitz will serve as president and chief executive officer of PowerCloud Systems. Andrea Peiro will serve as vice president of product development and marketing.

  • PARC, a Xerox company, has a 40 year legacy in technology innovation.