Cloud Computing: CiRBA Secures $15 Million to Fuel Growth
March 27, 2012
CiRBA Inc. on Tuesday announced it 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.
Chris Legg, Managing Partner, Tandem Expansion Fund, noted that "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."…
CiRBA software provides intelligent control for infrastructure. CiRBA:
- Controls workload placements, resource allocations and capacity reservations, and
- 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.