Utah-based IT startup Adaptive Computing has raised $14 million in Series A funding led by Intel Capital with Tudor Ventures and EPIC Ventures participating in the rounds. This is Adaptive Computing’s first round of funding, after nine years of profitability, says the company.

Adaptive Computing’s software, Moab, helps companies manage complex cloud computing environments. Moab consolidates and virtualizes resources, allocates and manages applications, improves service levels, and helps reduces operational costs.

Adaptive Computing, which was previously known as Cluster Resources, is used by IBM, Hewlett-Packard and others as a way to manage data centers and the cloud. In addition, the company’s software offerings are used by Yahoo and government entities such as the U.S. departments of Defense and Energy.

CrunchBase Information
Adaptive Computing

Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily.



Resources
Post Your Resume to 65+ Job Sites
Resume Service

Post to Twitter Tweet This Post


Popular Tags:
 environments   clouds   data centers   references   funding led   funding   helps   Intel Corporation   Hewlett-Packard   IBM   Yahoo