Spiceworks Gets Another $25 Million in Funding
Spiceworks will expand its business with a $25 Million investment from new investors Adams Street Partners and Tenaya Capital. Thanks to the new and some existing investors, Spiceworks will include integrated commerce within its social network business model for IT professionals and technology vendors. IT Professionals will now benefit from added functionality from the rapidly growing Facebook-like platform. Read the full news item here.
Jolomi Says:
May 3rd, 2011 at 8:16 am
Fantastic News.
As an enterprise administrator, spiceworks has really helped me a lot in mapping out the fine detailed information of my systems and along with the email alerts, it really makes my job easier and more effective.
Amelia@ IT Management Says:
May 19th, 2011 at 4:02 am
Wow… Spiceworks has really matured into a full-blown software development company. Back in 2006, the organization only had a capital of $5 million. Today, it involved into one of the most profitable startups in the industry with a total funding of more than $54 million.
Moreover, just last month, the company recently entered the world of IT product reseller.
This is such an achievement for a small enterprise like Spiceworks.