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.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
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.