ATLANTA – Racemi, a startup focused on helping enterprises make the most effective use of information technology resources, has landed $3.4 million in new funding as well as two senior executives.

Pattillo Investments, which is based in Atlanta, led the funding, which is part of an extended Series A financing.

Richard Stansbury, a 25-year veteran in operations and sales, also takes over as chief executive officer and chief sales officer.

Lorraine Bassett, also a tech industry veteran, joins the management team as executive director of channel development.

Racemi’s lead product, DynaCenter, is a management software solution for use with idle disaster recovery assets, data center relocations, lab and test environments, managed hosting and utility computing. Its dynamic server allocation technology is patent pending.

"Racemi is in the right space at the right time," said Robert Pattillo of Pattillo Investments. "As increasing numbers of enterprises seek to optimize their
data center operations, Racemi is ideally positioned to generate market
interest and garner significant market share. In addition to its elegantly
architected software, Racemi has attracted a solid, experienced management
team to execute on its plan.”

Pattillo is a member of Racemi’s board.

Stansbury, who also was named to the board of directors, has worked in the past for Public Systems Associates and BORN Information Services. He earned his undergraduate degree in arts from the University of North Carolina.

"An emerging market is seeking the types of data center automation, disaster recovery and data center migration solutions we offer mid to large enterprises,” Stansbury said in a statement. “Racemi offers an exciting opportunity to leverage a proven architecture to provide solutions that improve the customer’s bottom line.”

The company was founded in 2000 by Charles Watt. He is chief technical officer.