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Cloud Automation Provider DynamicOps Acquires $11M Funding

Private cloud automation services provider DynamicOps has closed a round of funding worth $11 million.

The latest round of funding was led by Sierra Ventures, which was joined by Next World Capital. NWC is now alongside Credit Suisse's Next II venture group in the ownership of the company.

DynamicOps also announced that it was bringing Les Yetton and Paul Silver to its executive team while Mark Fernandes joins its board of directors. Yetton and Silver will come to DynamicOps at the positions of chief marketing officer and vice president of sales for Europe, respectively.

Rich Krueger, CEO of DynamicOps said, “We believe wholeheartedly that delivering products that automate private and public cloud management will help enterprises achieve the agility needed to compete and thrive.”

“We're pleased that such well-respected investment firms have chosen to support our efforts, validating the strength of our vision, solutions and newly expanded executive team,” he added.

The second round of funding comes after the company reported a 200 per cent rise in year-on-year revenue for 2010 and a 115 percent increase in new customers.

DynamicOps offers solutions that allow customers to manage cloud and virtual desktop infrastructures. The company's flagship product, DynamicOps Cloud Automation Center (DCAC), offers on-demand cloud-based IT services and assists customers in managing them.