Tech Company Financing Transactions

Azaleos Funding Round

On 11/6/2007, Azaleos raised $10 million in Series C financing from Ignition Partners, Insight Venture Partners and Second Avenue Partners.

Transaction Overview

Company Name
Azaleos
Announced On
11/6/2007
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series C
Investors

Ignition Partners (Lead Investor) (Cameron Myhrvold)

Insight Venture Partners (Charles Porter)

Second Avenue Partners (Michael Slade)

Proceeds Purpose
Azaleos will use the funds to expand into Canada, Europe, South America and Asia, and for sales and marketing targeting the industry wide migration to Microsoft Exchange 2007. Following a 300 percent increase in revenues this year, the additional capital will enable the company to meet and support explosive customer demand for its managed messaging services.

Company Information

Company Status
Acquired or Merged
Industry
Software
Mailing Address
1938 Fairview Ave. East 300
Seattle, WA 98102
USA
Phone
866.318.8767
Website
www.azaleos.net
Email Address
[email protected]
Overview
Azaleos provides enterprise-class managed e-mail solutions that combine an on-premises, physical or virtual appliance with 24 hours a day, 7 days a week remote managed services, ensuring 99.9+% high availability, business continuity and optimized performance of your Microsoft Exchange 2003, Exchange 2007, or Mobile Access environment.
Profile
Azaleos LinkedIn Company Profile
Social Media
Azaleos Company Twitter Account
Company News
Azaleos News
Facebook
Azaleos on Facebook
YouTube
Azaleos on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Phil Van Etten
  Phil Van Etten LinkedIn Profile  Phil Van Etten Twitter Account  Phil Van Etten News  Phil Van Etten on Facebook
Chief Financial Officer
Scott Parrish
  Scott Parrish LinkedIn Profile  Scott Parrish Twitter Account  Scott Parrish News  Scott Parrish on Facebook
VP - Engineering
Joel Raper
  Joel Raper LinkedIn Profile  Joel Raper Twitter Account  Joel Raper News  Joel Raper on Facebook
VP - Product Management
Scott Gode
  Scott Gode LinkedIn Profile  Scott Gode Twitter Account  Scott Gode News  Scott Gode on Facebook
VP - Sales
Chris Teets
  Chris Teets LinkedIn Profile  Chris Teets Twitter Account  Chris Teets News  Chris Teets on Facebook

 

 

Browse more venture capital transactions:

Prev: 11/6/2007: QLogic venture capital transaction
Next: 11/6/2007: Innovative Silicon venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.

 

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