UnboundID Obtains $12,500,000 Series B Round

  • Feed Type
  • Date
    3/27/2012
  • Company Name
    UnboundID
  • Mailing Address
    13809 Research Blvd Austin, TX 78750
  • Company Description
    UnboundID is a leading platform provider for identity services, enabling companies to dynamically manage, protect, and share customer data in real-time across cloud, mobile and social applications. UnboundID solutions help companies increase average revenue per customer while significantly lowering their costs for service and application delivery.
  • Website
    http://www.unboundid.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds will be used to expand market penetration into new geographies and vertical markets, and to develop new products to meet existing and future customer needs. UnboundID plans to accelerate product development for its identity services platform, which enables companies to dynamically manage, protect, and share real-time customer data across cloud, mobile, and social applications.
  • M&A Terms
  • Venture Investor
    OpenView Venture Partners

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