Company Surpasses Growth Goals on Heels of New Strategic Investments
SAN FRANCISCO, CA–(Marketwired – Jun 6, 2016) – Moogsoft, the leading provider of real-time IT Operations Analytics (ITOA) software, today announced that it has secured $30 million over two phases of an oversubscribed round of Series C financing. New investor Northgate Capital led the first phase of the round joined by new investor SingTel Innov8 and existing investors Cisco Investments, Redpoint, Wing and other equity holders. New investor Singapore Technologies Telemedia (ST Telemedia) led the second phase of the round with participation from HCL Technologies. The funding comes as the company surpassed its growth goals for the most recent fiscal year, and it will be used to fuel the expansion of Moogsoft’s global operations in Europe, Asia and the Americas.
“Moogsoft employs innovative technology and approaches to help address the challenges of managing hyper-converged IT infrastructure. The team brings deep relevant experience and the company’s new solution has already gained traction with several lighthouse clients,” said Georg Mende, Principal at Northgate. “This is an investment from our Innovations Partnership platform backed by strategic investors from around the globe. Together we look forward to helping accelerate Moogsoft’s international growth.”