Small software companies in Orange County seem to be the flavor of the day for venture investors.
Aliso Viejo-based Datallegro Inc. is the latest taste.
The maker of data storage and search software closed its second round of funding in the past nine months, this one worth $15 million.
Datallegro landed a new investor for the latest round: Austin, Texas-based Adams Capital Management. The financing also included prior investors Santa Monica-based Palomar Ventures and Venrock Associates of Menlo Park.
Datallegro didn’t say what the company was valued at in the funding round but said it was higher than its last one in August.
The company said it had planned to pursue a second round of funding later this year. But after finding “intense interest in Datallegro and the data warehouse space from the VC community,” according to Chief Executive Stuart Frost, the company moved up its venture funding plans.
The company said it’s only used a small part of its earlier $6 million funding.
The company hopes to offer its software along with data storage computers made by other companies, Frost said. It is designed to work with database applications made by Oracle Corp. and others.
Datallegro’s software is installed in a company’s server room. The goal is to use the software to bridge new and older data. As businesses take on more data each day, old sales records and other information often are offloaded onto a specialized database, like the kind offered by Dayton, Ohio-based NCR Corp. and others.
Datallegro is looking to compete with NCR and others on price.
Frost has headed a startup before. He founded Britain’s Select Software Tools Ltd. in 1988, which he led to a public offering in 1996. He left the company after it went public.
Other local software makers attracting venture investors include Irvine-based Avamar Technologies Inc.
The 5-year-old company, which also makes software for use in data storage systems, has about $51 million in funding from big names such as Goldman Sachs, Morgan Stanley and CMGI Inc.
That has some watching Avamar as a possible candidate for a stock offering or an acquisition by some of the big names in data storage.
