27th March 2012

CiRBA Secures Funding To Fuel Growth

cirbaCiRBA Inc. has announced that the company has raised $15 million in its third round of institutional funding led by Tandem Expansion Fund. Existing investors Sigma Partners and Edgestone Capital Partners also participated in the deal. The growth round of financing follows a series of enterprise-wide sales to some of the largest financial institutions in the world. These enterprise customers helped CiRBA achieve record software bookings in 2011.

CiRBA software provides intelligent control for infrastructure:

  • controls workload placements, resource allocations and capacity reservations
  • enables automation by distributing intelligent commands that optimize infrastructure and reduce operational risks to existing management solutions

IT organizations are facing a new level of complexity in these dynamic environments. Without continuous predictive intelligence to control and automate infrastructure management, IT organizations will be unable to deliver promised efficiencies and will introduce operational risk.

“Our extensive investigation into the cloud and virtualization management software market clearly shows the need for a control system; software to help deliver the promised efficiencies and drive automation. CiRBA is far ahead of other software products both in terms of capability and customers with enterprise deals of up to 100,000 servers. We feel we have made a great investment and look forward to supporting their growth,” said Chris Legg, Managing Partner, Tandem Expansion Fund.

“Tandem understands and supports high growth and innovative companies, and I am pleased to have them on our team, including one of the founding partners of Tandem, the technology entrepreneur Charles Sirois. I am also very pleased that our existing VCs, Sigma and Edgestone, continue to support CiRBA’s growth through additional investment. CiRBA is fortunate to have such a great group of investors,” said Gerry Smith, president and CEO, CiRBA.

This entry was posted on Tuesday, March 27th, 2012 at 7:12 am and is filed under Business News, National News, Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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