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.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.