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Virtualization: Article

Adaptive Computing Secures First Round of $14M from Intel Capital

Intel Capital MD believes intelligent policy management will play critical role future cloud automation

“As cloud computing demand has continued explosive growth," said Cloud Expo Silicon Valley speaker Michael Jackson (pictured), President & COO of Adaptive Computing, "Adaptive and its partners have applied Moab’s unique competitive advantage of upgrading static self-service cloud projects to rich self-optimizing or intelligent workload-driven clouds,”

He was speaking yesterday as Adaptive, the company behind the Moab unified automation intelligence technology, announced the completion of its Series A round of financing, securing $14 million from Intel Capital.

“With an established global customer base and a cloud pipeline filled with opportunity," Jackson continued, "the new funding will enable the company to increase headcount and expand operations to meet the growing global demand.”

Intel Capital served as the lead investor, along with EPIC Ventures. Adaptive Computing’s initial round of funding, after nine years of consistent profitable growth as a company, will be used to further accelerate the company’s ability to meet the rapid increase in customer demand for cloud automation intelligence.

“Adaptive Computing's solutions are well-positioned to play an important role upgrading enterprise data centers to intelligent, self-optimizing cloud environments,” said Steve Eichenlaub, managing director of Intel Capital. “Our investment in Adaptive Computing is consistent with Intel Capital’s belief that intelligent policy management will play a critical role in the next phase of cloud automation.”

“While the first wave of cloud computing has been centered on virtualization, the next wave of managing the complexity of cloud-based workloads and resources is a much bigger problem to solve,” said Chris Stone, managing director of EPIC Ventures. “Adaptive Computing is the solution to taming this complexity, and we at EPIC Ventures are pleased to have the opportunity to make it a standard in the cloud computing market.”

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