BATH, United Kingdom – Zynstra Limited, a UK-based company in the hybrid cloud space, has raised $2.4m in angel funding. Zynstra was founded by the software entrepreneurs behind Cramer Systems, the telecoms software company founded in 1996 and sold ten years later for $425m. The team’s latest venture was born from their experience in successfully delivering highly-available, mission critical software systems to some of the world’s most demanding enterprises.
Although currently in stealth mode, co-founder and CEO Nick East said the following about Zynstra:
“For all the advances in hardware, software and cloud technology in the last decade, most IT is still too hard to deploy, too hard to use, and too hard and costly to manage, particularly for small to medium businesses. They can’t benefit from the economies of scale or IT expertise of larger corporates, yet they increasingly depend on complex IT solutions for their existence. These companies are the backbone of every economy in the world, yet the IT industry doesn’t do enough to help, expecting them to work it out for themselves. It’s time to change all of that.”
Co-founder and non-exec director Jon Craton added:
Zynstra has designed a new hybrid cloud technology that transforms the way businesses experience and benefit from IT. This level of angel funding demonstrates how compelling the proposition is. We are delighted to have attracted such experienced and successful investors.
Investors participating in the round include:
• Richard Brennan, former EVP Global Brand Marketing and Products at Orange Group
• Guy Dubois, whose previous roles include: CEO of Temenos, President and CEO of MACH group, CEO of Cramer Systems, EVP at Peoplesoft
• Jim McKenna, former COO of Logica Plc
• Tom Vari, former CIO of Cable at Rogers Communications Inc
Zynstra began market trials with partners this Summer and expects to emerge from stealth mode in 2013.