Today we announced that we have closed an $11 million Series B investment round, led by Ignition Partners (with participation from our existing investor, Accel Partners). This new round of financing will let us accelerate the rollout of more product features, and start cranking up our marketing and sales efforts.
Frank Artale, managing director at Ignition, will be joining our board. We’re really pleased to have him involved: he has a tremendous track record of success in the industry, including deep, first-hand experience in systems management, having previously run a management software company.
There’s clearly a sea change washing over the computing industry with the advent of virtualization and public cloud computing. This is providing us with the opportunity to transform the management of this new computing landscape. We’re looking forward to partnering with both our investors, Ignition and Accel, to take advantage of this significant market opportunity.
On that topic, stay tuned for new product announcements, too – real soon now….