Industry News Desk
Cloud Expo Sponsor Secures $10M Funding
SOASTA adds Blake Modersitzki, managing director, UV Partners, to its board of directors
Dec. 14, 2009 08:15 PM
SOASTA at Cloud Expo
The round was led by UV Partners, and included participation from all existing investors Canaan Partners, Formative Ventures and The Entrepreneurs’ Fund.
The company’s growth plan includes the opening of offices in Europe, broadening of the reseller channel and increasing its technology roadmap with product enhancements to address the growing demand for SOASTA’s cloud-based testing service.
The announcement follows other significant company milestones.
SOASTA recently announced a new partnership with Computer Sciences Corporation (NYSE: CSC), a leading managed services provider, who has integrated CloudTest into its Trusted Cloud Services offering and its testing and development methodology. The company completed large web-scale tests with Best Buy, Hallmark, Leapfrog, M-Dot Networks, MySpace, Schlumberger, SAP and Zappos.com, and also announced open source support by offering JMeter users the ability to run their scripts in the SOASTA Global Test Cloud.
“This recent funding will enable SOASTA to ramp sales while simultaneously extending its technology leadership position in the cloud testing market,” said John Balen, general partner, Canaan Partners. “I am very pleased with SOASTA’s ability to attract new and previous investors to this round. The interest we generated from the investment community is a direct reflection of the growing validation of cloud testing based on our technology leadership.”
With the closing of the Series C funding, SOASTA adds Blake Modersitzki, managing director, UV Partners, to its board of directors.
“We have made rapid progress defining and growing the cloud testing market since our launch. We are increasingly seeing enterprise customers that were using traditional testing tools such as HP LoadRunner turn to SOASTA CloudTest for a more affordable, web-scale solution,” said Tom Lounibos, CEO, SOASTA. “This round of financing will help us through our expansion phase as well as accelerate the development of new products that will allow us to maintain our market leadership.”
Cloud Expo was announced on February 24, 2007, the day the term "cloud computing" was coined. That same year, the first Cloud Expo took place in New York City with 450 delegates. Next April, Cloud Expo is returning to New York City with more than 5,000 delegates and over 100 sponsors and exhibitors.
"Cloud" has become synonymous with "computing" and "software" in two short years. Cloud Expo is the new PC Expo, Comdex, and InternetWorld of our decade. By 2012, more than 50,000 delegates per year will participate in Cloud Expo worldwide.
Cloud Expo is the world's leading cloud-focused event and is held annually in New York, Silicon Valley, Prague, Tokyo, Hong Kong. and São Paulo.
The three-day event offers a rich array of sessions led by exceptional speakers about the business and technical value of cloud computing with more than 120 sponsors and exhibitors on the 70,000 sq. ft. show floor and over 5,000 estimated delegates from well over 48 different countries.
A Rock Star Faculty, Top Keynotes, Sessions, and Top Delegates!
All main layers of the Cloud ecosystem will be represented in the 5th International Cloud Computing Conference & Expo - the infrastructure players, the platform providers, and those offering applications. And they'll all be here to speak, sponsor, exhibit and network this April in New York!
The high-energy event is a must-attend for senior technologists including CIOs, CTOs, directors of infrastructure, VPs of technology, IT directors and managers, network and storage managers, network engineers, enterprise architects, and communications and networking specialists.
Delegates will leave Cloud Expo with a dramatically increased understanding of the complete scope of the entire cloud computing spectrum from storage to security.
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