ScaleXtreme, a Palo Alto, Calif.-based developer of SaaS-based systems management products, has raised $11m in Series B financing.
The round was led by Ignition Partners, with participation from existing investor Accel.
The company intends to use the new capital to release additional product capabilities, and expand marketing and sales efforts.
In conjunction with the funding, Frank Artale, managing director at Ignition, has joined the company’s board.
Co-founded by CEO and Nand Mulchandani and CTO Balaji Srinivasa, ScaleXtreme provides cloud-based systems management products, which are designed to be scalable and social and improve the way IT admins manage their Amazon EC2, VMware virtual machine and physical server deployments.
FinSMEs
21/06/2011