Deals

Cloud manager Egenera nabs $16M

money cloud

As cloud services grow in scope and scale, Egenera argues that enterprise IT teams need help managing it all — and it just closed a sizable funding round to help make its case.

Egenera, which makes management software for data centers and cloud services, raised $16 million in funding from Comvest Partners, the company announced today.

Founded in 2000 by Vern Brownell, former chief technology officer of Goldman Sachs, the Massachusetts-based company has evolved to support cloud services alongside its on-premises offerings. In January, it released a new version of its Cloud Suite Platform, enabling companies’ IT departments to design, provision, secure, and manage cloud infrastructure services.

Egenera will use its new funds for product development and marketing, the company said.