ScaleXtreme’s $11M, led by Ignition and Accel, Shows Stronger Valley Ties with the Northwest

6/21/11Follow @curtwoodward

Personal connections between Silicon Valley and the Pacific Northwest are what make deals flow between the two regions. Today’s example is Bellevue, WA-based Ignition Partners taking the lead role for an $11 million Series B investment in Palo Alto, CA’s ScaleXtreme, a provider of online IT management software.

This particular cross-border connection is personified by Ignition managing director Frank Artale, a software industry veteran who joined Ignition in February. Artale, a former Microsoftie, returned to the Seattle area from California, where he most recently served as business development vice president at Citrix Systems and a venture development team member at Accel Partners.

Accel previously invested in ScaleXtreme, and returns in the Series B round announced today. Artale is joining ScaleXtreme’s board.

“There is a dramatic shift going on in the computing industry with the advent of virtualization and public cloud computing – and with this, there is a significant opportunity for some company to transform the management of the new computing landscape,” ScaleXtreme CEO Nand Mulchandani said in a press release. Mulchandani praised Artale’s extensive industry knowledge, and added that he also brings “one of the strongest professional networks in the space.”

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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