SILVER SPRING, MD – Sonatype, a company selling products to increase software developer productivity and improve product management, has raised $11.6 million in funding led by Accel Partners with participation from current investors Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners.
Sonatype was founded by Jason Van Zyl, the original author of the Apache Maven build and project management software, and the creator of Maven Central, the primary cloud-based repository for software distribution in the open source world.
The company also named Wayne Jackson as its Chief Executive Officer and member of the Board of Directors. Jackson was previously CEO of Sourcefire (NASDAQ:FIRE) and Riverbed, two of the most successful technology startups of the past 10 years.
The company says growing demand for efficiency in software development has driven an explosion in the use of Maven and Maven Central.
More than 4 million Java developers use Maven, and each week Maven Central receives more than 62 million hits from 258 thousand developers in 26 thousand unique organizations (including 78 of the Global 100).e.
In addition to Maven and Maven Central, Sonatype is the caretaker of, or a key contributor to, other popular projects including: Nexus, the Java community’s most popular repository manager; m2eclipse, the only Eclipse IDE environment optimized for MavenP2, the leading provisioning platform for the Eclipse IDE.
The company says the new funding will enable the company to invest in product innovation and to deliver on evolving needs of a large and growing open source user community. Sonatype’s new offerings will help developers to deliver better software faster, while improving economics and efficiency for enterprise customers.
New Board member Sameer Gandhi, a general partner at Accel Partners, stated: “It is great to be working with Wayne again after our successful partnership at Sourcefire (NASDAQ:FIRE). Wayne has a strong track record of recognizing breakthrough technology opportunities. With the current growth of Java, agile computing, and cloud services, Sonatype is uniquely positioned to build tremendous value by delivering solutions that transform software development from a cost center to a strategic business asset.”
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