Cloud application marketplace and management platform AppDirect acquires peer Standing Cloud and raises $9m series B funding, led by iNovia and including Stingray Digital Group.
AppDirect, a US-based software-as-a-service (SaaS) company which provides a cloud service platform and marketplace for distributing software apps, and which is backed by music and entertainment applications company Stingray Digital Group, has acquired US-based peer Standing Cloud, also a provider of cloud management services. Concurrent to the acquisition, AppDirect has also closed a $9m series B financing lead by iNovia Capital and including existing investors.
Standing Cloud was founded in 2009 and has received $10m in funding from investors including…
