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Company News : Sonatype Gets $30 Million Financing
on 2016/2/9 9:22:32 (883 reads)
Company News

Sonatype, the company dedicated to helping IT organizations deliver higher quality software even faster, has announced the completion of a $30 million equity and debt financing led by Goldman Sachs' Principal Strategic Investments Group, with all current investors participating in the round. The investment will be used to accelerate sales, marketing, product development, and international market opportunities.

"The growth in open source software use has driven efficiency gains and fostered innovation for enterprise software development," said Don Duet, co-head of Technology at Goldman Sachs. "Today, open source components underpin a vast majority of our most mission-critical applications at the firm. As we work to build, maintain and update these applications, we must also ensure that we are using the highest quality open source components at every stage of the development cycle. We are pleased to support Sonatype's mission to deliver this important service to the marketplace and the company's continued growth."

Sonatype's Nexus Software Supply Chain Solutions are revolutionizing the distribution, automation, and integration of components used across the software supply chain by eliminating complexity and making continuous delivery and DevOps practices even faster.

"The investment caps a highly successful 2015 for Sonatype during which we saw high demand for our Nexus Software Supply Chain tools in the face of continued massive growth of open source component use," said Wayne Jackson, CEO, Sonatype.  "We entered 2016 with substantial reserves from our 2012 financing, and now with this additional capital we intend to further extend our leadership in both innovation and market footprint."

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