|[September 17, 2012]
Rootstock Software Closes Latest Round of Funding Led by Cross Atlantic Capital Partners
SAN FRANCISCO --(Business Wire)--
Software®, a leading Software as a Service (SaaS (News - Alert)) manufacturing
solution provider, today announced that it has closed its latest round
of funding led by Cross Atlantic Capital Partners. Terms of the deal
were not disclosed. This latest investment by Cross Atlantic Capital
Partners, in addition to their participation in previous rounds,
demonstrates their continued commitment and dedication to Rootstock
Launched in 2008, Rootstock Software is a proven provider of powerful
cloud-based manufacturing and supply chain solutions that enable
mid-market manufacturers to cut costs, improve processes, and increase
revenue with minimal IT infrastructure investment. The company has grown
to serve customers throughout North America, Europe and Asia Pacific.
Built on salesforce's Force.com platform, the cloud platform for the
social, mobile and open enterprise, Rootstock's Manufacturing and Supply
Chain App is available now for deployment on the AppExchange.
"Cross Atlantic Capital Partners is committed to continuing investment
and building an even stronger relationship with Rootstock," said Don
Caldwell, Founder and CEO of Cross Atlantic. "Rootstock's deep industry
expertise, robust product functionality, and key business partnerships
gives them a clear competitive advantage. We are very excited about
continuing our investment in Rootstock and are in this for the long
"Rootstock is committed to producing enterprise capable app today,
unlike many companies entering the cloud space today based on hype and
promises," says Pat Garrehy, CEO and founder of Rootstock Software®.
"With the strong support of our investors, we are confident that
delivering powerful, nimble, and reliable solutions to our clients will
ensure Rootstock's continued success and a significant return to our
Rootstock Software is a sponsor of salesforce.com's Dreamforce 2012, the
cloud computing industry event of the year, in San Francisco on
September 18-21, 2012. Rootstock will be demonstrating the latest
product capabilities at booth #440 in the Cloud expo throughout the
About Rootstock Software
Rootstock Software® is a proven provider of powerful manufacturing and
supply chain solutions built on the Force.com cloud computing platform.
The Rootstock solution enables real-time management of manufacturing and
supply chain operations from front to back, anytime and anywhere. The
company's manufacturing and supply chain apps integrate 'out of the box'
with native sales and accounting apps by salesforce.com and
FinancialForce.com. With unparalleled executive experience in
manufacturing software and an established base of installed and
implemented cloud customers, Rootstock offers a better and reliable way
to plan and execute required activities, deliver essential information
to all parts of the organization, and improve timely and informed
business decision-making. The organization also provides the control and
visibility to elevate the total performance of manufacturing and supply
chain operations. Rootstock is now available on the AppExchange by
salesforce.com, the world's most popular marketplace for business apps.
To learn more, please follow us on Twitter @RootstockMFG, visit our
Facebook (News - Alert) page www.facebook.com/RootstockSoftware
or visit www.rootstock.com.
About Cross Atlantic Capital Partners
Based in Radnor, Pa., Cross Atlantic Capital Partners ("XACP") is one of
the leading venture capital firms based in the mid-Atlantic region, with
over $500 million under management. XACP invests primarily in early- to
mid-stage technology companies in the United States. Leveraging its
deep, multi-disciplined network of global contacts, and the operational
experience of its investment team, the firm actively assists its
entrepreneurs and portfolio companies. The XACP portfolio currently
includes a diverse array of companies focusing on Enterprise Software,
SaaS, IT Services, Telecommunications, Financial Services, and other
innovative technologies. To learn more, visit http://www.xacp.com/.
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