TROY, N.Y., July 21, 2015 /PRNewswire/ -- Apprenda, the
leading enterprise Platform as a Service (PaaS), today announced
the closing of a $24 million funding
round led by Safeguard Scientifics (NYSE: SFE), with participation
from New Enterprise Associates (NEA) and Ignition
Partners.
Apprenda will use the funding to further the adoption of its
enterprise PaaS, which helps large organizations—including JPMorgan
Chase, McKesson, and AmerisourceBergen—transform into
software-defined enterprises and save money. Apprenda's success
stems from the belief that no enterprise should be forced to get
rid of existing investments and applications to adopt a
next-generation platform.
"We believe PaaS is only doable one way—the customer's way,"
said Sinclair Schuller, CEO and
co-founder of Apprenda. "This means our technology had to be built
to support everything upstream and downstream from our platform in
a highly compatible way. And because of this, our vision of helping
enterprises convert their data centers into cloud platforms
supercharged for developer productivity has become a reality."
The company will also use the funding to aggressively hire new
members for its engineering, product, client services and sales
teams. This funding round was fueled by existing investors, who
strongly believe in Apprenda's offering to enterprises and know the
company is years ahead of the competition. This round brings the
company's total financing to date to $56
million.
"It has become widely accepted that an independent PaaS is the
most efficient way to run a large internal technology environment,"
said Phillip Moyer, Managing
Director, Technology at Safeguard and Member of Apprenda's Board of
Directors. "Apprenda's deep 10-year investment in enterprise PaaS
technology is paying off with significant customer traction and
market-wide recognition. We are proud to continue to partner with
Sinclair and his team as they scale to the next level with this
funding."
"With businesses all over the world seeking to modernize their
application infrastructure, the growth in interest for
Platform-as-a-Service technologies has been explosive," said
Stephen O'Grady, Principal Analyst
with RedMonk. "Apprenda's recent funding round is both a sign of
this growth as well as a means of capitalizing on it."
About Apprenda
Apprenda is the leading enterprise Platform as a Service (PaaS)
powering the next generation of enterprise software development in
public, private and hybrid clouds. As a foundational software layer
and application run-time environment, Apprenda removes the
complexities of building and delivering modern software
applications, enabling enterprises to innovate faster. With
Apprenda, enterprise development teams can securely deliver an
ecosystem of data, services, applications and APIs to internal and
external customers across any infrastructure. From the world's
largest banks like JPMorgan Chase to healthcare organizations
including McKesson and AmerisourceBergen, Apprenda's clients are
part of a new class of software-defined enterprises, disrupting
industries and winning with software. Visit Apprenda at
www.apprenda.com or follow us on Twitter @apprenda.
About Safeguard Scientifics
Safeguard Scientifics, Inc. (NYSE:SFE) has a distinguished track
record of fostering innovation and building market leaders. For six
decades, Safeguard has been providing growth capital and
operational support to entrepreneurs across an evolving spectrum of
industries. Today, Safeguard is focused specifically on two
sectors—healthcare and technology. Specifically, Safeguard targets
early- and growth-stage companies in advertising technology,
digital media, financial technology, enterprise software, Internet
of Things, devices, diagnostics, digital health and healthcare IT.
For more information, please visit www.safeguard.com or follow us
on Twitter @safeguard.
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SOURCE Apprenda