Funding enables Flexiant to grow its global presence, expand to meet customer demand and invest further in Flexiant Cloud Orchestrator
London, UK – 3 April 2013 – The trendsetter in cloud orchestration software, Flexiant, today announced it has closed £3.75 million in investor funding. This round of funding allows Flexiant to expand its global presence to support the increased customer demand for cloud management software. The funding will see further development of Flexiant Cloud Orchestrator to ensure it maintains support for cloud service providers.
Working with Flexiant, cloud service providers including hosters, service providers and telecom organizations have the capability to build their cloud services business by providing on-demand, fully automated provisioning. This capability allows these organizations to adapt and capture the cloud market opportunity, offer competitive differentiated services, provide new revenue streams, achieve productivity gains and to move to higher margin offers.
The funding round has been achieved through the combined support of angel investors and has not involved any venture capital.
“A $30 billion market opportunity, the cloud offers tremendous growth opportunities for service providers that can scale, deploy and configure cloud services simply and cost effectively,” said George Knox, CEO, Flexiant. “Our product allows customers to go to market quickly with a cloud service business that generates revenue with immediate return on investment.”
John Pocock, Chairman, Flexiant, said, “This new round of funding further strengthens our rapid growth in the US and EMEA markets. Flexiant is at the forefront of supporting this multi-billion dollar opportunity and is seeing tremendous growth and industry recognition that we are a company to watch.”
The latest round of funding comes on the heels of key milestones including:
- Accelerated acquisition of new customers across Europe during the first quarter with 14 new customers
- Signing of new customers and resellers in the US
- Info-Tech recognised that Flexiant Cloud Orchestrator is the leading cloud management solution by awarding it the only Trendsetter Award among all of the cloud management vendors reviewed.
- 451 Research Group observed that “Flexiant has rare depth of experience in this emerging market…Meeting the needs of service providers calls for much more than simply spinning up VMs, and thanks to its heritage inside a hosting company, Flexiant is in a position to understand the requirements at first hand.”
Flexiant’s “Service Provider Ready” orchestration software is in worldwide demand especially in Europe and North America.
Flexiant is a leading international provider of cloud orchestration software for on-demand, fully automated provisioning of cloud services. Flexiant’s software gives cloud service providers business agility, freedom and flexibility to scale, deploy and configure cloud services, simply and cost-effectively. Vendor agnostic and supporting multiple hypervisors, Flexiant Cloud Orchestrator is a software suite that is service provider ready, enabling cloud service provisioning through to granular metering, billing and reseller management. Used by over one hundred organisations worldwide, from small hosters to large Managed Service Providers (MSPs), Flexiant Cloud Orchestrator is simple to understand, simple to deploy and simple to use. Flexiant customers include Cartika, FP7 Consortium, IS Group, ITEX, and NetGroup. Visit www.flexiant.com.