Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-The Kernel Group, an enterprise software solutions provider based in Austin, is receiving about $3.8 million in venture capital from Reston, VA-based Updata Venture Partners.

The funding is being applied to expanding product development, marketing and sales. The backing comes with the naming of Updata Venture general partners, John F. Burton and Tim H. Meyers, to the Kernel Group board of directors. Updata Venture is a private equity affiliate of Updata Capital Inc., one of the top three US investment banking firms specializing in the IT industry.

“The rise of global e-business has increased the need for companies to carefully guard their mission-critical applications, data and infrastructures against power outages, natural and man-made disasters as well as outright technology and software failures,” Burton says. “What we see in TKG is a company not only equipped today with a portfolio of unique software solutions, but a company strategically positioned to serve the future needs of global enterprises.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.