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Sonatype Secures $25 Million in Financing Led by New Enterprise Associates

07/10/2012

Sonatype, the leader in component lifecycle management, today announced it has secured $25 million in financing led by New Enterprise Associates (NEA), with participation from existing investors Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners. The company will invest in product development and the global marketing of its revolutionary component lifecycle management technologies, intelligent tools and information services.

The software development landscape has shifted from custom-written, code-based applications to agile, component-based assemblies. The result is a more rapid, collaborative and cost-effective development process. However, the efficiency and performance gains brought by agile-development processes and the widespread use of externally sourced, open-source components have also introduced new risks and requirements for the modern software-development organization. Sonatype is at the forefront of this component-based software movement with intelligent tools and information services to accelerate the benefits of open source while eliminating security, quality and licensing risks.

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