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