AppDirect Raises $9M, Acquires Standing Cloud
San Francisco-based cloud marketplace developer AppDirect said this morning that it has raised $9M, and acquired fellow cloud management service provider Standing Cloud. The Series B funding round was led by iNovia Capital. As part of the acquisition deal, AppDirect also said that it has become a portfolio company of the Foundry Group, the investment firm of Brad Feld. Standing Cloud was venture backed by Foundry Group and Avalon Ventures.
posted on Tuesday, September 10, 2013 (Link to more information)
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