An image of Frank Artale, managing director at Ignition and ScaleXtreme board member.
(WEB HOST INDUSTRY REVIEW) — Cloud systems management solutions provider ScaleXtreme (www.scalextreme.com) announced on Tuesday it has closed an $11 million Series B led by Ignition Partners with participation from previous investor, Accel Partners.
The company will use the new financing to “accelerate the rollout of additional product capabilities, and expand marketing and sales” for is new way of managing hybrid clouds, according to the press release.
The company also announced it named Frank Artale, managing director at Ignition, as a board member.
He joins ScaleXtreme’s other board members, which includes Ping Li from Accel, and Nand Mulchandani and Balaji Srinivasa from ScaleXtreme.
“There is a dramatic shift going on in the computing industry with the advent of virtualization and public cloud computing – and with this, there is a significant opportunity for some company to transform the management of the new computing landscape. We look forward to partnering with Ignition and Accel to take advantage of this significant market opportunity,” said Mulchandani, CEO of ScaleXtreme. “We also welcome Frank to our board of directors. He has a tremendous track record of success in the industry, including specific domain knowledge of the systems management market. This expertise combined with one of the strongest professional networks in the space brings incredible value to ScaleXtreme.”
ScaleXtreme provides systems management products, delivered as a cloud service. Built from the ground up, ScaleXtreme’s products enable IT administrators to manage their Amazon EC2, VMware virtual machine and physical server deployments.
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