RiverMeadow Software Raises $12M in Funding to Support Cloud Migration SaaS
September 4, 2013
Grazed from TheWhir. Author: Justin Lee.
Automated server migration solution provider RiverMeadow Software announced on Wednesday it has closed a $12 million Series B financing round that included investors Cisco, Violin Memory and others. The move comes a few weeks after RiverMeadow Software released version 2.0 of RiverMeadow Cloud Migration SaaS which delivers a wide range of feature and infrastructure enhancements.
The new funding will help go to support RiverMeadow’s growth as the company drives deployments of the RiverMeadow Cloud Migration SaaS with carriers and service providers around the world. “This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution,” said Mark Shirman, CEO of RiverMeadow. “The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world’s largest cloud infrastructure manufacturers and service providers…
This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEM’s in meeting the growing market demands for cloud migration.” In April, Cisco began using the RiverMeadow Cloud Migration SaaS tool in its Cloud On-Boarding Service offerings to help customers move entire server workloads to public, private and hybrid cloud environments…
Read more from the source @ http://www.thewhir.com/web-hosting-news/rivermeadow-software-raises-12m-in-funding-to-support-cloud-migration-saas?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thewhir+(theWHIR.com+-+Daily+Web+Hosting+News%2C+Features%2C+Blogs+and+more