Adaptivity(TM) Closes Second $3 Million in Equity Financing
CHARLOTTE, N.C., March 1, 2012 /PRNewswire/ — Adaptivity, The IT Blueprint Company(TM), which provides an intelligent IT blueprinting software suite, announced today that it closed the second $3.0 million tranche of Series B venture capital financing from Intel Capital, Intersouth Partners and Noro-Moseley Partners on February 10, 2012.
The additional equity funding will be used to accelerate sales and marketing infrastructure to support growing market demand for the Company’s Blueprint4IT Lifecycle Suite(TM) of software products. The investors previously invested $10 million in October 2010 and $3 million in July 2011 in the Company.
“Adaptivity assists companies with key initiatives around application rationalization, data center transformation and cloud enablement,” said Phil Walton, CEO of Adaptivity. “Adaptivity’s Blueprint4IT(TM) software visualizes their applications and supporting infrastructure in a living blueprint. Our proprietary software depicts application centric views that enable our clients to understand their current environment, align IT to the business, and then transform to an optimized target deployment. ”
Founded in 2007 to help companies address the complexities associated with IT design and implementation, Adaptivity’s Blueprint4IT(TM) Software Suite and Services provides the design precision and automation to create tailored blueprints and prescriptive roadmaps for enterprise cloud programs that integrate architecture, engineering and system operations into business-optimized IT designs. This enables intelligent IT design decisions to be integrated into best practices and to drive repeatable, efficient actions across the technology build and deployment lifecycle. For more information, visit www.adaptivity.com and follow us @Adaptivity.
About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.4 billion in over 1,212 companies in 51 countries. In that timeframe, 196 portfolio companies have gone public on various exchanges around the world and 291 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 89 new and 69 follow-on investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
About Intersouth Partners
Intersouth Partners is one of the most active and experienced early-stage venture funds in the country, having invested in more than 100 private companies over the last 27 years. Founded in 1985, Intersouth Partners manages more than $780 million in seven venture capital limited partnerships, making it the largest venture capital fund in North Carolina and one of the largest in the Southeast. Based in Durham, North Carolina, Intersouth Partners seeks a broad range of seed and early-stage investment opportunities throughout the Southeast, focusing on the technology and life sciences sectors. For more information, please visit www.intersouth.com or follow the firm at @intersouth.
About Noro-Moseley Partners
Since 1983, Noro-Moseley Partners has been a leading Southeast venture capital firm providing capital to the strongest entrepreneurs in the region. Over the past 25 years, NMP has invested $640 million in more than 175 promising start-ups and early-growth-stage companies in the technology and healthcare industries.