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A cloud-management startup called Egenera has raised $16 million

TECHi's Author Chastity Mansfield
Opposing Author Venturebeat Read Source Article
Last Updated Originally published June 7, 2014 · 3:20 PM EDT
Venturebeat
Venturebeat View all Venturebeat Two Takes by TECHi Read the original story Published June 7, 2014 Updated June 6, 2014
TECHi's Take
Chastity Mansfield
Chastity Mansfield
  • Words 78
  • Estimated Read 1 min

Boxborough-based enterprise software company Egenera announced it has received $16 million in funding from private investment firm Comvest Partners through its Comvest Capital II/III funds. Egenera said the funds will be used to “further product innovation and aggressively drive a go-to-market strategy”. Pete Manca, CEO of Egenera, said in a statement., “The new funding will help fuel our sales and marketing efforts, enabling more companies to transform the way they manage their cloud infrastructures and virtual data centers.”

Venturebeat

Venturebeat

  • Words 118
  • Estimated Read 1 min
Read Article

As cloud services grow in scope and scale, Egenera argues that enterprise IT teams need help managing it all — and it just closed a sizable funding round to help make its case. Egenera, which makes management software for data centers and cloud services, raised $16 million in funding from Comvest Partners, the company announced today. Founded in 2000 by Vern Brownell, former chief technology officer of Goldman Sachs, the Massachusetts-based company has evolved to support cloud services alongside its on-premises offerings. In January, it released a new version of its Cloud Suite Platform, enabling companies’ IT departments to design, provision, secure, and manage cloud infrastructure services. Egenera will use its new funds for product development and marketing, the company said.

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