RiverMeadow raises $12 million in Series B financing
Sep 04, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
RiverMeadow Software, Inc., a developer of software solutions for cloud migration, has raised $12 million in Series B financing from Cisco Systems, Inc. and Violin Memory, Inc. All the companies are based in the US.
Cisco Systems is a designer and manufacturer of Internet protocol-based networking and other products, while Violin Memory is a provider of memory-based storage systems.
Deal Value (US$ Million) 12
Deal Type Private Placement
Deal Status Completed: 2013-09-03
Target (Company) RiverMeadow Software, Inc.
Acquirer 1 (Company) Cisco Systems, Inc.
Acquirer 2 (Company) Violin Memory, Inc.
RiverMeadow will use the funds to continue to scale its growth by expanding its engineering team and supporting its OEM (original equipment manufacturer).
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