CloudFloor Announces Over $3 Million in Series-A Financing for Mystery Project

Products to be unveiled later in 2011

Mar 21, 2011, 13:52 ET from CloudFloor

WALTHAM, Mass., March 21, 2011 /PRNewswire/ -- CloudFloor, a newly formed Massachusetts-based high-technology start-up led by former Gomez executives Jaime Ellertson and Imad Mouline, today announced the closing of over $3 million in series-A financing. The company will unveil its new products on a by-invitation-only webcast later this year, but is not providing any further details at this time.

"We are being a bit cryptic on purpose," said Jaime Ellertson, CloudFloor's Chief Executive Officer and the former Gomez and Compuware executive who led the company to a successful $290 million sale to Compuware in 2009. "We're especially pleased that we were able to raise over $3 million in a difficult economic market from an international syndicate of established venture firms and investors. About all I can say at this point is that our name offers one clue as to our ultimate target market, and that we are already operating in the US, Europe and Asia. For the time being we're very much heads down on building the product. In fact, we're offering a prize on our website if anyone can correctly guess what our new product is, and so far no one has guessed correctly."

Ivan Farneti, Partner of London based fund Doughty Hanson Technology Ventures, and former Board Member of Gomez, added, "These two executives have built a number of successful global companies based on strong technology fundamentals. CloudFloor will be another one." New York-based Dolphin Equity also participated in the financing.

IT professionals, journalists and industry analysts who are interested in receiving an invitation to the closed launch webcast should email their details to wagush@cloudfloor.com.

About CloudFloor

Founded in 2010, CloudFloor is a Massachusetts-based high-technology start-up working on products that will be introduced later in the year. For further information, please visit our web site at www.cloudfloor.com.

SOURCE CloudFloor



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