Servicemesh nets $15 million for enterprise software push
November 16, 2011
Servicemesh snagged $15 million in venture money from Ignition Partners to fuel its enterprise software push. Ignition partner Frank Artale will join Servicemesh’s board.
The four-year-old company focuses on helping large companies use private and public cloud computing services within existing compliance and regulatory frameworks, said Servicemesh CEO and chairman Eric Pulier…
As more large companies want to use cloud services, they’re looking for ways to make sure the new IT scenario falls within existing compliance and regulatory guidelines for their business. They want the same kind of service level agreements (SLAs) and assurances they can get in the traditional on-site data center world.
Servicemesh’s software platform allows organizations to deliver business Infrastructure-as-a-Service, Platform-as-a-Service, and Software-as-a-Service capabilities from outside providers but layers reporting, governance and policy enforcement atop them, Pulier said.
“If you have a business unit that used to take 15 to 20 weeks to fire up a workload and build an app on it, that took massive amounts of steps. With cloud services, the unit can now automatically fire it up, but if that workload has a regulatory mandate where the data can’t leave Vietnam or it can’t leave an internal cloud, Servicemesh can enforce that,” Pulier said. Similarly, if an organization has a cost cap assigned to it, Servicemesh will make sure that if it spends, say, $5,000 in a day, an alert is generated, for example.
Servicemesh’s most direct competitors include legacy systems management companies like BMC and Hewlett-Packard.
This is the company’s first dip into the venture funding pool. ”We spent the last four years building this company through some extremely intense times to 90 people and profitability but we’ve been pretty much under the radar. Now we’re ready to scale with this first round of VC, “Pulier said.