Software Developer Abiquo Raises $10M for the Private Cloud
Enterprise cloud management software company Abiquo today announced it has secured $10M in Series B funding led by the European Balderton Capital, with participation from existing investor Nauta Capital. Abiquo’s products and solutions are aimed to reduce enterprise virtual environments’ complexity and costs. The funding round will be used to expand global sales and marketing, as well as the senior team and customer support.
“Abiquo, which bills itself as an enterprise cloud management software company, has released version 1.7 of its flagship software… Abiquo 1.7 overcomes some of the major impediments to wider adoption of cloud computing, which is the inability of a company to decide what IT resources are available to them,” said Peter Malcolm, CEO of Abiquo.
Version 1.7 should be available on the market in around 30 days, as the new product introduces and sets capacity utilization, security, compliance, governance and other policies.
Abiquo enables enterprise to manage private, hybrid and public cloud more efficiently, while the public cloud sector in particular is making some big gains. This is especially true for Hadoop, as Mark ‘Rizzn’ Hopkins discussed here regarding Hadoop’s emergence as the top choice for big-data scale-out problems.
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