(WEB HOST INDUSTRY REVIEW) — Fueling its Software-as-a-Service application server SaaSGrid, software developer Apprenda (www.apprenda.com) has closed a $5 million investment round led by venture capital and growth equity firm New Enterprise Associates (www.nea.com), which has a track record of successfully investing in companies such as Salesforce.com, WebEx, Juniper Networks and XenSource.
Apprenda’s SaaSGrid is the world’s first distributed SaaS server, eliminating many of the difficulties of building and delivering on-demand software to the market. By providing a solution to the architecture and management complexities of delivering software across distributed web-scale environments, SaaSGrid changes the way that software is built and delivered. According to its latest announcement, this $5-million investment in Apprenda will help SaaSGrid itself reach a wider user base.
“In the current economic climate, far fewer venture investments are being made, so we view this funding as a strong vote of confidence in our product, technology and team,” Apprenda chief executive officer and co-founder Sinclair Schuller said in a statement. “Our investors recognize that SaaSGrid’s technology will play a key role in the transformation of software architecture and delivery. We’re already seeing our SaaSGrid customers achieving 30-60 percent reductions in software development and deployment costs, and taking their on-demand solutions to market at a much faster rate.”
Cloud computing is driving software companies toward on-demand delivery models and enterprises toward aggregating internal and external compute resources into cohesive delivery networks for their internal software. SaaSGrid, a distributed application execution layer, mitigates the traditional burdens associated with tackling these trends. As a result, SaaS companies and enterprises alike can reduce time to market and service delivery costs.
“As an investor in some of the world’s most successful SaaS and infrastructure software companies, NEA has witnessed first-hand the challenges of deploying applications at massive scale,” NEA principal Tom Grossi said in a statement. “We believe SaaSGrid addresses a tremendous need in the market, enabling the efficient deployment of SaaS offerings and private software delivery clouds.”
The NEA investors, however, have not been the only ones helping Apprenda bring its solutions to the market. In June, Canadian web hosting provider PEER 1 Network Enterprises (www.peer1.com) launched its CloudXcelerator program (www.peer1.com/cloud), which lets PEER 1 partners to develop, test and run their cloud applications on the company’s IT hosting infrastructure. Apprenda was first CloudXcelerator partner to join the program.
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