Ignition snaps up stake in San Mateo’s SnapLogicPosted by admin on September 20, 2012
Geekwire 9/19/12 –
Ignition Partners’ investment pace hasn’t been quite as robust as last year, likely due to the fact that the Bellevue venture capital firm is trying to raise a new early-stage fund. But the firm has uncovered yet another new deal in California, joining Triangle Peak Partners and Andreessen Horowitz in a $20 million round for San Mateo, California cloud integration startup SnapLogic.
SnapLogic’s services are used by companies such as Apptio, Activision and Outback Steakhouse, helping them integrate cloud services and making sure they work in conjunction with legacy systems.
“SnapLogic sits at the critical junction of two of the biggest trends in technology today: cloud computing and big data,” said Ignition’s Frank Artale in a press release. “No enterprise can fully harness big data without a scalable integration platform that combines data from both its cloud and on-premise applications.”
As a result of the funding, Artale has joined SnapLogic’s board. The company is led by Informatica CEO Gaurav Dhillon, an early investor who took over the reins in 2009. Total funding stands at $32.5 million.
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