DRC Computer Corporation (DRC), the leading provider of dynamically reconfigurable coprocessors, today announced that it was rated as the top business seeking funding in the VC Panel and Business Plan Contest at the Data Protection Summit held in Dana Point, California.
Chosen as the best from many solid business plans in the data security industries, the DRC Business Plan, presented by Larry Laurich, DRC President and CEO, was judged the most complete with the best go to market plan and the one most likely to receive funding from the panel of VCs that included Argon Ventures, Intel Capital, and Zone Ventures.
“We had many great business plans and the judges were very impressed with the quality of the companies that presented. DRC’s market potential, strategy, management, and efficient use of capital compelled the panel to select DRC as the winner of the contest. Larry presented a compelling vision and execution plan for DRC, citing some early market successes since the company started to ship product in volume at the end of 2007. We wish him and the rest of the DRC team much success and congratulations on winning,” said Nathan Joyner, Vice President Technology at Pacific Ridge Capitaland organizer of the Data Protection Summit VC Panel and Business Plan Committee.
“We are delighted to win this prestigious award and thank the judges for their overwhelming vote for DRC. As computer users rapidly adopt application acceleration technologies we have seen DRC move from being a market niche player into the computer mainstream”, commented Larry Laurich, DRC President and CEO, “This rapid market shift has occurred because CPU technology improvements have not been able to keep up with application processing demands. For time-critical, data-intense applications DRC’s coprocessors can accelerate applications by 100 times and more, delivering price/performance unattainable with traditional x86 based CPUs.”
