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Cendura lands $7m in Series B
si Team
Thursday, July 1, 2004
Cendura Corporation, an application management solutions company, has raised $8 million in series B round from Neo Carta, a venture fund who focus on early to mid-stage technology infrastructure companies in the software, hardware, networking and wireless sectors. “Cendura Corporation meets all of the fundamentals that are important today,” commented Peg Jackson of Neo Carta. Pavan Nigam, chairman and CEO said, “This was a ‘very significant up round’ for Cendura. The funding we have secured enables us to make strategic investments in sales, partner initiatives and marketing programs. We will also increase our investment in product development, accelerating our ability to deliver on our vision of a complete strategic management platform that brings the value of Blueprinting to all levels of IT.”

Cendura, a solution provider that helps large enterprises manage complex and dynamic IT environments was founded in 2001 with the express purpose of helping IT organizations reduce the escalating costs of managing and supporting complex, distributed applications.

Cendura’s Cohesion Application Management Suite provides out-of-the-box customer value through its revolutionary Application Blueprinting Platform.

To date, Cendura has raised a total of $16 million dollars. “Its seasoned management team has demonstrated solid market traction, and as a ‘global start-up’, they have achieved cost-efficiencies resulting from very successful off shoring initiatives. Cohesion’s flexible and extensible Blueprinting platform will enable Cendura to augment its offering to become the strategic platform for all of IT, providing significant cost-savings through automation, collaboration, and improved application performance,” said Jackson, a board member. Cendura targets Fortune 1000 companies and businesses with a significant on-line presence.
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