Cloud-based Systems Management Company ScaleXtreme Raises $11M

scalex

ScaleXtreme, a cloud-based systems management company, today announced it has closed an $11 million Series B led by Ignition Partners with participation from previous investor, Accel Partners.

The new financing will be used to accelerate the rollout of additional product capabilities, and expand marketing and sales for ScaleXtreme’s new way of managing hybrid clouds.

ScaleXtreme’s product transforms the way IT admins manage their Amazon EC2, VMware virtual machine and physical server deployments. ScaleXtreme was founded by a team with deep expertise in enterprise software and systems management, including Bladelogic and VMware.

“There is a dramatic shift going on in the computing industry with the advent of virtualization and public cloud computing – and with this, there is a significant opportunity for some company to transform the management of the new computing landscape,” said Mulchandani, CEO of ScaleXtreme.

Frank Artale, managing director at Ignition, will join the board that includes Ping Li from Accel and Nand Mulchandani and Balaji Srinivasa from ScaleXtreme.

(Via TechCrunch)

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