Likewise Software attracts $10 million from existing investors |
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Likewise Software attracts $10 million from existing investors
Likewise Software has scored a $10 million venture round, with existing investors Ignition Partners, Trinity Ventures and Intel Capital bankrolling the Bellevue startup. It follows a $6 million round last summer and a $11.5 million round in 2006.
The company -- formerly known as Centeris -- says it is doing well despite the rough economy. More than 20,000 organizations are using its open source software, with revenue growing more than 500 percent year over year. Likewise's software is designed to makes sure that Windows, Unix, Linux and Mac computers operate securely within a company’s IT infrastructure.
"Because of our strong financial growth and careful expense management, we were able to raise capital in a challenging market," said CEO Barry Crist in a statement. "On top of a great year in 2008, our first quarter in 2009 is the best in the company’s history."
Competitors include BMC Software and Centrify.
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