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Press Room | Press Releases

Top Silicon Valley Angel Investor, Audrey MacLean, Seeds DataCore Software

Forbes Magazine's Top Selector of Start-Ups Is Investor and Advisor to DataCore

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 12, 1998-- Audrey MacLean, described by Forbes Magazine as the "Angel investor who seeds the next superstars of technology'' announced today that she is participating in seed funding for DataCore Software and will serve as an advisor to the company.

DataCore Software Corporation develops products which dramatically change the performance and cost dynamics of information retrieval and access by providing advanced data storage features and functions in software. DataCore is leading the software revolution in data access and storage systems by replacing complex and expensive proprietary hardware with advanced software running on fast "Wintel'' systems.

MacLean said, "DataCore has a terrific technology and a sound business plan for assaulting the rapidly growing and wide open data storage and access marketplace.'' MacLean continued, "Rarely does an experienced investor find such a solid combination of new technology, management experience, and aggressive market planning as I find in DataCore Software''.

MacLean's skills in picking the next wave of hot technology start-ups are legendary, and her talents as an "Angel'' investor are described in detail in Forbes Magazine's cover article "Audrey MacLean -The One to See in Silicon Valley'' for November 2, 1998. MacLean, who also teaches entrepreneurship at Stanford's Graduate School of Engineering, was a founder of NET and Adaptive Corporation, as well as a seed investor in Pure Software.

DataCore Software CEO George Teixeira said: "We welcome Audrey's confidence and support in our new venture. Advanced data control and storage access is a huge $33 billion growing technology segment which is wide open to innovative technologies such as DataCore's Virtual Storage Network Architecture. Having Audrey as both an investor and advisor speaks loudly of the emerging strength of DataCore Software as the leading innovator in advanced storage systems management and control,'' Teixeira concluded.

DataCore Software, based in Fort Lauderdale, also maintains a marketing office in Silicon Valley and additional development facilities in the UK. DataCore is developing innovative products to directly compete with products from EMC, IBM, and Data General.