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Ulitzer.com to Launch OpSource Cloud Journal

OpSource Receives $10M Cloud Investment

"This funding round will help us achieve our operational goals while introducing innovative solutions in the Cloud computing space," said Treb Ryan, CEO of OpSource. "The market has truly embraced the great scalability and efficiency that SaaS solutions bring, and we are proud to be the company that both emerging companies and enterprises rely on for billions of transactions every day," he added.

He was speaking as the company today announced that it has received $10 million in series "E" investment capital from Nippon Telegraph and Telephone Corporation, with whom OpSource entered a strategic partnership in November 2008, as well as from returning investors. "As the demand for SaaS and Cloud solutions continues to grow, OpSource is in a unique position to

lead this marketplace while accelerating its own growth. We are pleased to back such a vibrant company,' said Gary Hromadko, Venture Partner, Crosslink Capital, a returning investor.

"OpSource is a proven leader in the SaaS space, and is continuing to flourish and innovate in this challenging economic environment, as evidenced by their EBIDTA-positive status as of December 2008," Hromadko continued.

OpSource, which is six years old, has also garnered the additional financial support of other existing venture partners, including Velocity Venture Capital, Key Venture Partners and Artiman Ventures.

The company will use the funds to further develop its existing Software-as-a-Service (SaaS) offerings as well as to pursue other key initiatives in the Cloud computing space.

Ulitzer.com to launch OpSource Cloud Journal at http://opsource.ulitzer.com.  

About Ulitzer.com
Initiating news coverage on any topic or launching a magazine at Ulitzer.com, which is currently in pre-beta, is designed to be as easy as boiling an egg and doesn't take much longer. For details of how to become a Ulitzer user, please contact editorial (at) sys-con.com. Once you've been handed the keys, you will be able to associate your future Web presence to whichever topic or topics suit you best.

The full list of topics and magazines being brought on stream via Ulitzer can be viewed here, and a list of more than 6,000 peer reviewed authors published on Ulitzer can be viewed here.

By 2015, three out of five books will be published at Ulitzer. TIME, The New York Times, and Scientific American will be replaced by Ulitzer in the next five years!

More Stories By Krisandra Russo

Krisandra is Conference Program Manager at Cloud Expo, Inc. where annual high-energy cloud computing conference and expos are created around the world with industry-leading players.

You can contact Krisandra with events questions or comments via email "krisandra (at) sys-con.com" or at her home page http://krisandrarusso.ulitzer.com, or by phone at 201 802-3019.

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