Rootstock Software Closes Latest Round of Funding Led by Cross Atlantic Capital Partners
Continued Commitment and Investment to Support Expansion of High Growth Manufacturing Cloud Applications Company
SAN FRANCISCO, CA, September 17, 2012 – Rootstock Software®, a leading Software as a Service (SaaS) manufacturing solution provider, today announced that it has closed its latest round of funding led by Cross Atlantic Capital Partners. Terms of the deal were not disclosed. This latest investment by Cross Atlantic Capital Partners, in addition to their participation in previous rounds, demonstrates their continued commitment and dedication to Rootstock Software.
Launched in 2008, Rootstock Software is a proven provider of powerful cloud-based manufacturing and supply chain solutions that enable mid-market manufacturers to cut costs, improve processes, and increase revenue with minimal IT infrastructure investment. The company has grown to serve customers throughout North America, Europe and Asia Pacific. Built on salesforce’s Force.com platform, the cloud platform for the social, mobile and open enterprise, Rootstock’s Manufacturing and Supply Chain App is available now for deployment on the AppExchange.
“Cross Atlantic Capital Partners is committed to continuing investment and building an even stronger relationship with Rootstock,” said Don Caldwell, Founder and CEO of Cross Atlantic. “Rootstock’s deep industry expertise, robust product functionality, and key business partnerships gives them a clear competitive advantage. We are very excited about continuing our investment in Rootstock and are in this for the long haul.”
“Rootstock is committed to producing enterprise capable apps today, unlike many companies entering the cloud space today based on hype and promises,” says Pat Garrehy, CEO and Founder of Rootstock Software®. “With the strong support of our investors, we are confident that delivering powerful, nimble, and reliable solutions to our clients will ensure Rootstock’s continued success and a significant return to our shareholders.”
Rootstock Software is a sponsor of salesforce.com’s Dreamforce 2012, the cloud computing industry event of the year, in San Francisco on September 18-21, 2012. Rootstock will be demonstrating the latest product capabilities at booth #440 in the Cloud Expo throughout the event.
About Rootstock Software
Rootstock Software® is a proven provider of powerful manufacturing and supply chain solutions built on the Force.com cloud computing platform. The Rootstock solution enables real-time management of manufacturing and supply chain operations from front to back, anytime and anywhere. The company’s manufacturing and supply chain apps integrate “out of the box” with native sales and accounting apps by salesforce.com and FinancialForce. With unparalleled executive experience in manufacturing software and an established base of installed and implemented cloud customers, Rootstock offers a better and reliable way to plan and execute required activities, deliver essential information to all parts of the organization, and improve timely and informed business decision making. The organization also provides the control and visibility to elevate the total performance of manufacturing and supply chain operations. Rootstock is now available on the AppExchange by salesforce.com, the world’s most popular marketplace for business apps. To learn more, please follow Rootstock on Twitter @RootstockMFG, visit our Facebook page facebook.com/RootstockSoftware or visit rootstock.com.
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.