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DynamicOps Raises $5M

2011-08-04
Firm's platform allows organizations to migrate their existing IT infrastructure into private and public cloud services.
BURLINGTON, MA, DynamicOps, the Burlington-based provider of a platform that allows organizations to migrate their existing IT infrastructure into private and public cloud services, has raised $5 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission.

Current investors include Credity Suisse, Sierra Ventures, and Next World Capital.

DynamicOps' operation virtualization platform enables enterprise IT to create on-demand private and public cloud services in days from existing systems and business processes. Customers realize unparalleled time-to-cloud value while protecting existing investments, and have a clear path for a controlled evolution to next-generation cloud services.

DynamicOps was founded in 2008 by Credit Suisse based on its five years of successful, large-scale production deployment with what is now known as DynamicOps Virtual Resource Manager (VRM) software. Before clouds were clouds, the bank developed VRM to address the operational and governance challenges of rolling out virtualization technology across a global organization comprising several distinct businesses.

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