ATLANTA, GA. — iVivity, a provider of storage network technologies, has landed $10 million in new financing as well as a new chief executive officer.

The funds will be used for marketing of its products that focus on storage network processors and other custom solutions for original equipment manufacturers. iVivity, which refers to its products as “building blocks” for network storage, also plans to expand its engineering capabilities.

To lead the company, Tom Burniece takes over as CEO. He has more than 30 years of experience in the electronic storage industry. Burniece is very familiar with iVivity, having served on its board of advisors.

He replaces David Coombs, who had led the company for the past three years. iVivity was founded in 2000.

“As an early member of iVivity’s Board of Advisors, I became a big believer in the company’s technology and market potential a long time ago,” Burniece said in a statement. “I am extremely pleased to come on board in a hands-on capacity to lead the company in this exciting next phase of growth.”

iVivity, which opened an office in India earlier this year, has now raised more than $60 million in venture capital. It closed on $26 million in 2004.

Investors include Commonwealth Capital, Cordova Intellimedia Ventures, Grotech Partners, JK&B Capital, Kinetic Ventures, Mellon Ventures, Yamacraw, Bergman & Associates, Adaptec and LSI Logic.

All investors participated in the new round.

“We believe iVivity is strategically positioned to capitalize on the growing OEM need to simplify the complexity of storage system development, fully take advantage of new protocols like iSCSI and develop systems for new emerging storage applications,” said Joseph Zell, general partner for Grotech Capital Group, which is one of iVivity’s investors.

“iVivity’s first product – the iDiSX 2000 10 gigabits per second storage network processor – is uniquely positioned as the industry’s only true 10GE storage S-o-C (System on a Chip) commercially shipping today,” he added. “Along with its recently announced relationship with Huawei-3Com, as well as a number of unannounced design wins, iVivity has established itself as a leader in the emerging storage network processor market.”

iVivity: www.ivivity.com