RALEIGH, NC – Cloud computing and virtualization firm rPath has raised a $7 million equity round from four investors, according to a regulatory filing. The Raleigh-based company sells applications to automate software system construction, deployment and maintenance across physical, virtual and cloud environments.
The company’s chief marketing officer, Jake Sorofman, has contributed occasional viewpoint pieces to TechJournal South and other media (see: Rising from the IT Muck).
The company disclosed the raise in a filing with the US Securities and Exchange Commission. The company has between $1 million and $5 million in revenue, according to the filing.
Talking to CIOs in advance of Tech Media’s upcoming Internet Summit, which includes a CIO Roundtable event, we hear that many firms have turned to cloud computing and virtualization technologies to do more with fewer resources during the economic downturn. Once cautioned, however, that cloud computing is not necessarily inexpensive itself.
The “cloud” does let smaller firms access more advanced applications once available only to the largest players, somewhat leveling the playing field in terms of IT.
Email TJS editor/writer Allan Maurer: Allan at Techjournalsouth dot com.
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