PowerCloud Systems Spins Out Of PARC, Gets More Backers

Xerox’ Palo Alto Research Center (PARC) is spinning out PowerCloud Systems, the cloud-managed networking solutions provider that it has incubated through the Startup@PARC program since early 2008. PowerCloud has also gained more backing, with Walden Venture Capital and Javelin Venture Partners joining the line-up.

PowerCloud offers cloud-based technology for OEM vendors that is designed to make business networking devices easier to deploy, secure, and manage. 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.”

The company’s management team includes Broadcom and 3Com vet Jeff Abramovitz, who came to PARC as an entrepreneur-in-residence. Abramovitz will serve as president and CEO of PowerCloud Systems, while Andrea Peiro, former CEO of the Small Business Technology Institute, will serve as VP of product development and marketing.

More than 30 companies have gone to market via Startup@PARC to date, including Meshin, SolFocus, PowerAssure, and Powerset.