OpSource raises $15M for online software services, boasts potential IPO
OpSource, a Santa Clara, Calif. provider of application management and hosting services for online software companies, has raised a $15 million in a fourth round of financing.
The round was led by new investor Crosslink Capital, of San Francisco, with participation from existing investor Artiman Ventures, according to VentureWire (sub required).
OpSource Chief Executive Treb Ryan tells VentureWire the company may be able to go public in the next 12 to 18 months. OpSource potential risk, however is, OpSource’s focus on Web 2.0 companies, many of which may be a flash in the pan. OpSource provides them with services such as hosting, storage, security and billing (see latest announcement).
The company has now raised a total of $47 million in financing from Crosslink, Artiman, Key Venture Partners, ComVentures and Intel Capital, which the last, third round. The company has also raised $8 million in debt.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












