Softricity, a developer of application deployment and management tools, has raised $14.6 million in a third round of venture funding. The capital brings the company's total funding to $40 million. Investors include TD Capital Technology Ventures and FA Technology Ventures.
Softricity has developed streaming software technology for deploying and managing applications. The Boston company's product, SoftGrid Platform 2.0, transforms applications into network services that can be delivered to thousands of users from a single server, simplifying application management and reducing administration costs. In May, Softricity struck a multiyear strategic alliance with Microsoft that includes joint development, sales, and marketing initiatives to turn existing and future Windows applications into .Net managed Web services. The company also has a strategic marketing relationship with software vendor Citrix Systems.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.