Specialist growth capital investor Oxford Capital has led a US$5 million funding round into Abiquo an award-winning enterprise cloud management software provider.
Oxford Capital joins existing investors Balderton Capital and Nauta Capital as major backers. The investment will enable Abiquo to accelerate the commercial roll-out of its award-winning technology, generate global sales and increase worldwide marketing activity.
Abiquo develops software that provides a management platform; a thin unobtrusive layer that sits over various technologies allowing businesses easier and more effective access to the Cloud. Companies using the software are able to monitor and control all of their applications from a unified platform. By integrating virtual IT services in this way, Abiquo can simplify business processes.
Abiquo’s customers include major multinational companies from a range of industries, as well as cloud infrastructure providers who can use Abiquo to enhance the services they offer to their clients.
Colin Watts, Partner, Oxford Capital said: “Cloud computing gives businesses far greater control over their software and systems, benefitting from a more flexible IT framework. Abiquo is at the leading edge of this change, the software essentially allows businesses to not only utilise Cloud computing but to also effectively manage it through its easy to use portal. With the Abiquo solution businesses are not required to remove their current IT systems which can be costly and time consuming. Instead, the management platform that Abiquo provide integrates easily with most technologies, making it an exceptional product in the market.”
“Abiquo already has a well-developed customer base which includes global enterprises, government contractors and leading managed service providers. We see excellent growth prospects for the business.”
Jim Darragh, Chief Executive, Abiquo said: “The Abiquo cloud management platform is recognised by customers and analysts alike for delivering the industry’s most advanced enterprise cloud software solution. We appreciate this recognition which is endorsed by the continued support from our investors.
“This latest funding round led by Oxford Capital will allow us to accelerate our global distribution and marketing and marks an important step in our commercial development.”
