London, United Kingdom, April 14, 2011 --(PR.com
)-- Sonar Ltd., a provider in Data Center Applications Service Automation solutions, today announced that it has completed a $1.5M round led by Motau Fund, a new investor, with participation by Millfort Capital and existing investors. The funds will provide the foundation for expanding Sonar's growth over the next couple of years.
"Sonar introduces a new approach to Data Center automation that is especially important for companies operating large Web operations and data centers," said Karen Noyan, Sonar's co-founder and CEO. Noyan added: "Sonar's solution simplifies companies' ability to automate & manage on-going service tasks for applications, providing application-level and business-relevant insight, improving customer service."
This financing round provides Sonar with the additional capital needed to expand its go-to-market strategy and continue improving its services and solutions.
"In today's economy more than ever, technology innovations that improve operational efficiency are critical to customers and attractive to investors. Motau Fund is excited about this new investment in Sonar, a startup company that combines a great team and strong solution in an attractive market," said Neron Joshyal of Motau Fund. "Sonar's solution is already being embraced by customers and partners, who use Sonar and benefit from improvements to their Data Center operations."
"Sonar automates deployment and management of all applications in the datacenter. Simply put, Sonar reduces the time and resources needed to manage complex web operations, SaaS businesses or enterprise data center applications like no other offering in the market today. The resulting benefits are improved ROI and application uptime as well as better data-center manageability and transparency," summarized Will Polak, partner, Millfort capital.