Welcome!

Government Cloud Authors: Elizabeth White, Pat Romanski, Dana Gardner, Liz McMillan, Gopala Krishna Behara

News Feed Item

Cloud Testing Leader SOASTA Secures $10 Million in Series C Funding

MOUNTAIN VIEW, CA -- (Marketwire) -- 12/01/09 -- SOASTA, the leader in cloud testing, today announced the successful close of $10 million in Series C funding as it prepares its global expansion. The round was led by UV Partners, and included participation from all existing investors: Canaan Partners, Formative Ventures and The Entrepreneurs' Fund. The company's growth plan includes the opening of offices in Europe, broadening of the reseller channel and increasing its technology roadmap with product enhancements to address the growing demand for SOASTA's cloud-based testing service.

Today's announcement follows other significant company milestones. SOASTA recently announced a new partnership with Computer Sciences Corporation (NYSE: CSC), a leading managed services provider, who has integrated CloudTest into its Trusted Cloud Services offering and its testing and development methodology. The company completed large web-scale tests with Best Buy, Hallmark, Leapfrog, M-Dot Networks, MySpace, Schlumberger, SAP and Zappos.com, and also announced open source support by offering JMeter users the ability to run their scripts in the SOASTA Global Test Cloud.

"This recent funding will enable SOASTA to ramp sales while simultaneously extending its technology leadership position in the cloud testing market," said John Balen, general partner, Canaan Partners. "I am very pleased with SOASTA's ability to attract new and previous investors to this round. The interest we generated from the investment community is a direct reflection of the growing validation of cloud testing based on our technology leadership."

With the closing of the Series C funding, SOASTA adds Blake Modersitzki, managing director, UV Partners, to its board of directors.

"We have made rapid progress defining and growing the cloud testing market since our launch. We are increasingly seeing enterprise customers that were using traditional testing tools such as HP LoadRunner turn to SOASTA CloudTest for a more affordable, web-scale solution," said Tom Lounibos, CEO, SOASTA. "This round of financing will help us through our expansion phase as well as accelerate the development of new products that will allow us to maintain our market leadership."

About SOASTA CloudTest

SOASTA CloudTest On-Demand is a full-service offering. Customers simply describe the web user business process, such as logging into an account, executing a transaction, or browsing content. SOASTA's team of experienced performance engineers build the tests, provision the complete cloud environment, execute the tests, and work with customers to analyze, fix and tune a site's performance. SOASTA CloudTest's unique, real-time metrics and analytics of massive test results data gives customers the performance intelligence they need to pinpoint and fix issues as tests are being run -- ensuring greater confidence in website reliability and performance.

About SOASTA

SOASTA's mission is to ensure that today's web applications and services perform in a highly reliable, scalable, and predictable manner. The company's product, SOASTA CloudTest(TM), is available as an on-demand service that leverages Cloud networks or as an appliance (virtual and hardware), and enables developers to test and monitor their web applications and services at an affordable price. SOASTA CloudTest supports Load and Performance testing. SOASTA is privately held and headquartered in Mountain View, California. For more information about SOASTA, please visit www.soasta.com.

©SOASTA, Inc. 2009. SOASTA, SOASTA CloudTest, and SOASTA CloudTest On-Demand, are trademarks of SOASTA, Inc. All other trademarks are the property of their respective owners.

Editorial Contact:
Lisa Bergamo
SOASTA, Inc.
(650) 380-9250
Email Contact
www.twitter.com/cloudtest

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...