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Adaptive Computing Secures $14 Million Investment to Expand Global Cloud Computing Business

Adaptive Computing, the company behind the Moab unified automation intelligence technology, today announced the completion of its Series A round of financing, securing $14 million from Intel Capital, which served as the lead investor, Tudor Ventures and EPIC Ventures. Adaptive Computing’s initial round of funding, after nine years of consistent profitable growth as a company, will be used to further accelerate the company’s ability to meet the rapid increase in customer demand for cloud automation intelligence.

“As cloud computing demand has continued explosive growth, Adaptive Computing and its partners have applied Moab’s unique competitive advantage of upgrading static self-service cloud projects to rich self-optimizing or intelligent workload-driven clouds,” said Michael Jackson, COO and president of Adaptive Computing. “With an established global customer base and a cloud pipeline filled with opportunity, the new funding will enable the company to increase headcount and expand operations to meet the growing global demand.”

Adaptive Computing’s solutions, powered by Moab, deliver intelligent governance that allows customers to optimally consolidate and virtualize resources, allocate and manage applications, improve service levels, and reduce operational costs. Since Adaptive Computing’s founding in 2001 (as Cluster Resources Inc.), the company’s Moab products have managed the world’s largest computing installations and are the preferred intelligent automation solutions for the leading global data center vendors.

“Adaptive Computing's solutions are well-positioned to play an important role upgrading enterprise data centers to intelligent, self-optimizing cloud environments,” said Steve Eichenlaub, managing director of Intel Capital. “Our investment in Adaptive Computing is consistent with Intel Capital’s belief that intelligent policy management will play a critical role in the next phase of cloud automation.”

“We are excited to work closely with Adaptive Computing to realize the tremendous opportunity in front of them. Cloud computing is a natural extension of the virtualization wave that is rapidly transforming enterprise data centers, and Adaptive Computing’s Moab product is a clear leader in intelligent cloud management software as evidenced by significant customer wins and its deep reseller and OEM partnerships,” said Jon Danielson of Tudor Ventures.

“While the first wave of cloud computing has been centered on virtualization, the next wave of managing the complexity of cloud-based workloads and resources is a much bigger problem to solve,” said Chris Stone, managing director of EPIC Ventures. “Adaptive Computing is the solution to taming this complexity, and we at EPIC Ventures are pleased to have the opportunity to make it a standard in the cloud computing market.”

Published Tuesday, September 14, 2010 6:08 PM by David Marshall
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Adaptive Computing Secures $14 Million Investment to Expand Global … | Cloud Way - (Author's Link) - September 14, 2010 11:33 PM
9/15/2010 Update « CloudRoad - (Author's Link) - September 14, 2010 11:34 PM
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