SOA Software draws $10 Million of Growth Capital from Wellington

I’m sorry about the lack of blogging of late. Lots of excuses, have I. Lead up to March Break. Recovery from the aforementioned March Break. And then some good deals along with some other stuff of note.

We just announced a US$10 million venture debt financing for SOA Software of Los Angeles, CA. SOA Software is powering the API economy by delivering a comprehensive suite of secure, scalable API and SOA solutions designed for the large enterprise. Some of the world’s largest companies including Bank of America, Pfizer, and Verizon use SOA Software products. The company is also recognized as a “Leader” by Gartner in Application Services Governance MQ and as a leader by other analyst firms.

Its software provides customers with a number of market leading solutions to help manage and secure APIs across their organization, particularly in API Management and Governance products. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve agility and operational excellence across their applications and datacenters.

SOA is backed by leading venture capital firms, including Redpoint Ventures, Paladin Capital Group, Palisades Ventures, Navigation Capital Partners, and Draper Fisher Jurvetson.

And yes, Spring had definitely come to LA when we did our due diligence trip a few weeks ago.

MRM