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Macquarie, ROTH Capital lead $30m financing for cloud, mobile tester Soasta

8 Aug 2013

dark_cloud_storm_170sq1Macquarie Capital and ROTH Capital have become new investors in cloud and mobile testing business Soasta by backing a $30m financing round.

Existing financers Canaan Partners, Formative Ventures and Pelion Venture Partners also took part in the round, which Soasta said would be used to expand globally with additional marketing, sales, and development resources.

Macquarie senior vice president Tej Shah said, “Soasta is uniquely positioned at the intersection of software and cloud computing, mobile and big-data analytics.

“Macquarie has a global presence, unique insights into the Asia-Pacific region and a strong institutional understanding of the technology sector.

“Our investment will help accelerate Soasta’s growth plans as it delivers leading-edge cloud and mobile testing solutions to organizations worldwide.”

Last October Globespan Capital Partners led a $15m financing round for cloud-based application testing company Perfecto Mobile.

Carmel, Vertex and the Waisbein Fund also renewed their commitment to the business by taking part in the third round of financing.

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