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January 02, 2013

2nd Watch Secures $4.2 Million Venture Funding

2nd Watch has closed a $4.2 million funding round led by Madrona Venture Group, with participation from other private investors.

Matt McIlwain, managing director at Madrona Venture Group, has joined the 2nd Watch board of directors as part of the funding. He noted that the public cloud, led by Amazon Web Services (News - Alert) is creating a dramatic shift in commercial computing and IT.

Businesses, however, need solutions partners to fully leverage the cloud, he said, adding that 2nd Watch is a clear leader on delivering solutions fitted to where enterprise customers are today and where they are going in the future with cloud adoption.

2nd Watch is an Amazon Web Services Premier Partner. It enables enterprises to migrate existing and emerging IT applications and processes to take advantage of secure public clouds. Company officials said that the company provides the cost of ownership tools referenced daily by Amazon Web Services customers.

Recently, the company launched a new billing application called 2W Insight, which enables management of AWS billing and consolidated billing environment in an easy to understand, streamlined manner.

Companies are increasingly deploying cloud solutions to address everything from basic computing to data warehousing. However, these companies are also finding it difficult to drive value from the cloud in a timely, efficient manner.

Company officials said that 2nd Watch is at the forefront of helping enterprises navigate this landscape via a “unique combination” of software, services and analytics, making the cloud fast and simple to adopt and leverage.

“This round of funding continues to validate our strategy to bring Cloud Services to the mass market," stated Kris Bliesner, CEO and co-founder of 2nd Watch. "We are very excited to partner with Madrona on our next level of growth.”

The funding is expected to be used to drive continued product innovation, business and market expansion.

Earlier in November, the company became an AWS Premier Consulting Partner.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Rich Steeves

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