Adaptivity Raises $6 Million; Lee Congdon Joins Board; Robert Macfarlane Joins As New CTO


Adaptivity, which provides an intelligent IT blueprinting software suite, announced today that it has raised an additional $6 million of venture capital financing from Intel Capital, Intersouth Partners and Noro-Moseley Partners, to be funded in two $3 million tranches the first of which was funded on July 29, 2011.

The company also announced that Lee Congdon, CIO of Red Hat, has joined its Board of Directors and that Robert MacFarlane, former VP and Director, Technology Asset Management of Wells Fargo, has joined the company as its new CTO.

The additional equity funding will be used to accelerate product development and scale sales and marketing infrastructure to support growing market demand for the company’s Blueprint4IT Lifecycle Suite of software products.

The investors previously invested $10 million in October 2010.

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