Skytap Takes Additional Investment to Fuel Leadership in Development and Test Software Industry

Skytap has experienced aggressive growth over the past several years, and 2013 was record breaking on many counts – including bringing in a new CEO, increasing headcount by 30%, numerous innovations to our dev/test SaaS offering, and expanding our international infrastructure footprint to meet the needs of our growing global customer base. In order to continue capitalizing on the size and scale of the possibilities that lie ahead, we are thrilled to announce today that we’ve closed a $6.45 million extension of our Series C financing round. All of our existing Series C investors, including OpenView Venture Partners, Ignition Partners, Madrona Venture Group, and Washington Research Foundation participated.

To fuel our momentum and drive our next phase of growth, we’ll use this capital to support the development of Skytap’s channel program, and accelerate our go-to-market strategy in response to the increasing global customer demand we’re experiencing. We will also use the funding to continue our investment in developing a passionate team that thrives on seeing their efforts quickly answer real customer demand. This means accelerated hiring as we plan to increase our workforce by an additional 30 percent in the coming year across marketing, field sales and engineering teams. You can find current job postings listed here on our website.

We are laser focused on building this business, which includes scaling our latest product roadmap. Skytap’s SaaS-based software development and testing offering has evolved over the last year and continues to lead the market. Approximately 270 enterprise customers rely on Skytap to enable their dev/test teams to build better software faster. Combined, these customers have launched more than three million virtual machines (VMs) with Skytap. We look forward to the growth ahead, and appreciate the support from our existing investors, customers, and partners across the globe.

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