Sign in Subscribe
Semiconductor industry

Adaptivity Secures Additional $6.0 Million in Funding to Accelerate Product Development and Expand Sales Infrastructure

Strategic Insights

— 1 min read

Adaptivity, The IT Blueprint Company, has secured an additional $6.0 million in venture capital funding from Intel Capital, Intersouth Partners, and Noro-Moseley Partners. This investment follows an initial $10 million funding round in October 2010. The additional equity funding will be used to accelerate product development and scale sales and marketing infrastructure to support growing market demand for Adaptivity's Blueprint4IT Lifecycle Suite of software products. Lee Congdon, Chief Information Officer of Red Hat, Inc., has joined Adaptivity's Board of Directors, and Robert MacFarlane, former VP and Director of Technology Asset Management at Wells Fargo, has been appointed as the Company's new Chief Technology Officer.

Key Takeaways:

  • Adaptivity has secured an additional $6.0 million in venture capital funding from Intel Capital, Intersouth Partners, and Noro-Moseley Partners.
  • The funding will be used in two $3.0 million tranches, with the first tranche funded on July 29, 2011.
  • Lee Congdon, Chief Information Officer of Red Hat, Inc., has joined Adaptivity's Board of Directors.
  • Robert MacFarlane, former VP and Director of Technology Asset Management at Wells Fargo, has been appointed as Adaptivity's new Chief Technology Officer.
  • The investment will be used to accelerate product development and scale sales and marketing infrastructure to support growing market demand for Adaptivity's Blueprint4IT Lifecycle Suite of software products.
  • Large enterprises are increasingly interested in cloud computing technologies, data center transformation, and application optimization.
  • Adaptivity's software suite is well-positioned to take advantage of this market trend by enabling IT organizations to transition to the Cloud, consolidate and optimize infrastructure, and improve infrastructure performance and agility.

Statistics:

  • $6.0 million : Additional venture capital funding secured by Adaptivity.
  • $3.0 million : First tranche of funding, funded on July 29, 2011.
  • 2 : Number of tranches of funding.
  • $10 million : Initial funding round in October 2010.
  • 2010 : Year Adaptivity received initial funding.
  • 2011 : Year first tranche of additional funding was received.

Sources:

  • Adaptivity, The IT Blueprint Company, Press Release, July 2011.
  • Intel Capital, Press Release, July 2011.
  • Intersouth Partners, Press Release, July 2011.
  • Noro-Moseley Partners, Press Release, July 2011.

Read more