Rootstock Software Concludes Latest Round of Funding Led by Cross Atlantic Capital Partners
Sep 20, 2012 (Close-Up Media via COMTEX) --
Rootstock Software, a Software as a Service (SaaS) manufacturing solution provider, announced that it has closed its latest round of funding led by Cross Atlantic Capital Partners.
According to a release, the 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 Software, the company noted.
Launched in 2008, Rootstock Software is a provider of 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 haul."
"Rootstock is committed to producing enterprise capable apps 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 shareholders."
Rootstock Software is a sponsor of salesforce.com's Dreamforce 2012, the cloud computing industry event of the year, in San Francisco, which runs through September 21. Rootstock will be demonstrating the latest product capabilities in the Cloud expo throughout the event.
Cross Atlantic Capital Partners is a venture capital firm.
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