SugarSync’s total funding has now hit the $50m mark, with the company saying it will use the new funds to grow its team and expand its data centre.
Coral Group senior managing director Yuval Almog said, “We see a massive opportunity in the Cloud services market as the proliferation of mobile devices continues.
“SugarSync has the most robust and complete Cloud solution for accessing, syncing and sharing files across all devices — regardless of platform.
“With fewer than ten per cent of all consumers using a Cloud service today, this market is poised for explosive growth in 2012, and we believe SugarSync is best positioned to capitalize on that growth.”
Coral Group focuses on technology companies with a particular interest in the communications, software, enterprise computing and media sectors.
Copyright © 2012 AltAssets