Cloud Computing: Zenoss Raises $25 Million C Round

Zenoss, which develops management software for unified physical, virtual and cloud-based IT infrastructures, has closed a $25 million C funding round led by growth equity investor Summit Partners.
That makes $45 million altogether although Zenoss has reportedly been at cash flow breakeven since last year with most of the revenues coming from the US.
Existing investors Grotech Ventures, Intersouth Partners and Boulder Ventures also participated in the C round, which will be used for product development and global expansion.
The company wants to push into Europe and the Pac Rim by the end of the year.

read more