Egenera lands $16M investment
Software maker Egenera of Boxborough has received a $16 million investment it says will help the company grow as more customers turn to cloud-based software management.
The money comes from Comvest Partners, based in West Palm Beach, Fla.
Egenera makes converged infrastructure and cloud management software. It says the capital infusion will help advance product innovation and improve the company’s competitive position.
“With cloud transforming businesses of all kinds, our technology puts us at a strong competitive advantage which is what made us such an interesting investment prospect,” Egenera CEO Pete Manca said in a statement. “The new funding will help fuel our sales and marketing efforts, enabling more companies to transform the way they manage their cloud infrastructures and virtual data centers.”
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