Cross Atlantic Capital Partners Completes Its Most Recent Investment in Rootstock Software
Rootstock Software®, a provider of cloud-based manufacturing applications for discrete manufacturers, today announced that Cross Atlantic Capital Partners has completed its most recent investment in the company. This investment, announced in June 2011, also included funding from salesforce.com, the enterprise cloud computing company (http://www.salesforce.com/).
Rootstock’s cloud-based solutions enable mid-market manufacturers to cut costs, improve processes and increase revenue with minimal IT infrastructure investment. In just two years, the company has grown to serve more than 25 customers throughout North America. Rootstock is now available on the salesforce.com AppExchange, the world’s most-popular marketplace for business apps.
“Rootstock provides small and mid-sized manufacturers with the functionality of costly on-premises ERP offerings coupled with the economic benefits of the cloud computing model,” said Patrick Garrehy, CEO and founder, Rootstock Software. “Our robust, easy to use, accessible-from-anywhere cloud solutions enable mid-market manufacturers to lower costs and speed implementation.”
Rootstock Software provides the breadth and depth of solutions that today’s manufacturers need to efficiently operate and grow their businesses. The company offers a solution for all sizes and types of manufacturers, whether they are small organizations with five users or large operations with several sites and hundreds of users. Further, Rootstock Software supports various modes of manufacturing, including Build to Order, Build to Stock, and Engineer to Order (or any combination of these modes).
By leveraging Rootstock’s cloud solution, manufacturers can employ a single system to handle multiple sites and outsourced manufacturing while providing centralized visibility across global operations. Benefits of Rootstock include:
- Always on, always up-to-date applications, available from anywhere
- Faster integration, configuration and installation
- Greater ease of use, scalability and functionality
- Lower start-up and lifecycle costs
- Inherent integration cross the enterprise
- Open integration to installed systems
- Significant reduction in ongoing IT costs
- Faster implementation with a reduced implementation costs
- Supply chain risk reduced: time and costs saved for adding/changing suppliers, plants, locations
- Minimize infrastructure requirements: no IT staff is required and businesses can scale without capital expenditure
“Rootstock’s management team has over 30 years of experience in industrial-strength MRP systems and exceptional expertise in building software for complex manufacturing environments,” noted Don Caldwell, Founder and CEO, Cross Atlantic. “The proven strength of its team, along with the benefits of its cloud-based infrastructure, has allowed it to grow its customer base quickly, and we are confident in its ability to continue to lead the cloud-based manufacturing software category.”
About the Force.com Platform and AppExchange
Force.com is the trusted social enterprise platform for building and running any employee app in the cloud. Force.com powers the Salesforce CRM apps, the more than 200,000 custom apps used by salesforce.com customers such as Japan Post, Kaiser Permanente, KONE, and Sprint Nextel and the more than 1,200 ISV apps built by partners such as BMC, FinancialForce and Fujitsu.
Enterprise apps built on the Force.com platform can be easily distributed and marketed through the salesforce.com AppExchange http://www.salesforce.com/appexchange/. The salesforce.com social enterprise platform delivers the most trusted and comprehensive cloud technologies for social, mobile and open apps. It includes Force.com, the cloud platform for employee apps, Heroku, the cloud platform for customer apps and Database.com, the cloud database to integrate the social enterprise.
Salesforce, Dreamforce, Force.com, Heroku, AppExchange and others are trademarks of salesforce.com, Inc.
About Cross Atlantic Capital Partners
Based in Radnor, Pa., Cross Atlantic Capital Partners (“XACP”) is one of the leading venture capital firms based in the mid-Atlantic region, with over $500 million under management. XACP invests primarily in early- to mid-stage technology companies in the United States. Leveraging its deep, multi-disciplined network of global contacts, and the operational experience of its investment team, the firm actively assists its entrepreneurs and portfolio companies. The XACP portfolio currently includes a diverse array of companies focusing on Enterprise Software, SaaS, IT Services, Telecommunications, Financial Services, and other innovative technologies.