Canadian Startup Tasktop Technologies Raises $11 Million to Fuel Expansion

Posted by Techvibes NewsDesk

Tasktop Technologies, creator of the Eclipse Mylyn open source tool, today announced that it has closed a Series A round.

The $11 million round was led by Austin Ventures, syndicated with Yaletown Venture Partners. The Vancouver-based startup says the funding will help the company "maximize the reach of its successful software lifecycle integration platform by expanding into new markets."

Mik Kersten, Tasktop's founder and CEO, held off raising capital for a while.

“After bootstrapping to 70 people over seven years," he says, "this investment will accelerate the growth of our customer-facing team to keep up with the market demand, as well as dramatically expand the reach of our integration platform."

Tasktop also announced that John Thornton, General Partner at Austin Ventures, and Mike Satterfield, Partner at Yaletown Venture Partners, have joined the Tasktop board of directors.

“Tasktop’s success to date is not surprising. They’ve put together a top-notch management team, cultivated key partnerships and developed an enterprise-grade product for an under-served market,” said John Thornton, General Partner, Austin Ventures.

“We’re pleased to be investing in another success story born in Canada,” stated Mike Satterfield, Partner at Vancouver-based Yaletown Venture Partners.

Tasktop was founded in 2007.

 

Company:
Tasktop Technologies
Website:
http://tasktop.com
Location:
Vancouver, British Columbia, Canada

Over one million users employ Tasktop’s ALM integration technology to transform the productivity of software delivery, by connecting the development, testing, Agile planning, PMO and operations functions into a unified software development and delivery team. Tasktop customers are the global leaders in financial services, insurance, government and manufacturing. Partners; including CA, HP, IBM and Serena; rely on... more


Related Articles


blog comments powered by Disqus

Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



Who's Hiring



Recent Comments

Powered by Disqus