ILB subsidiary Brandenburg Kapital invests in IT monitoring service
CloudRadar offers server and network monitoring as a cloud-based pay-as-you-go solution for small and medium-sized businesses
Potsdam, 15 March 2019: The cloud-based IT monitoring service CloudRadar raises a six-figure sum from the early-stage and growth fund of Brandenburg Kapital, a subsidiary of Brandenburger Förderbank ILB. This will enable the company to further expand its lead in monitoring-as-a-service.
"The team behind CloudRadar has been involved in monitoring for over 10 years," explains Mathias Bosse, Senior Investment Manager, "and has developed a tool that makes IT monitoring accessible and affordable for small and medium-sized enterprises. For our portfolio, software-as-a-service is an essential growth area in which we want to invest."
"We are very pleased that Brandenburg Kapital's Seed and Growth Fund is investing in CloudRadar," says Thorsten Kramm, founder and CEO of CloudRadar. "This will enable us to further perfect our monitoring solution and make it accessible to our customers worldwide."
CloudRadar offers professional IT monitoring of servers, networks, websites and publicly accessible servers and services as a complete solution. The service is aimed specifically at small and medium-sized enterprises, can be set up in just a few minutes thanks to the intuitive web interface and offers a pay-as-you-go price model that charges only one euro per month for the servers, devices or websites that are actually used. This provides CloudRadar with a low-cost alternative to on-premise software solutions that result in significantly more costs and effort for the configuration and maintenance alone. Thanks to encryption and open agent source code, CloudRadar also meets the highest requirements for security and audibility.
More than CloudRadar.io
CloudRadar has been selected for Microsoft’s BizSpark Plus program and IBM’s IBM BlueMix from. The company was founded in 2016 by Thorsten Kramm and Nicholas Thiede. Thorsten Kramm was CTO at Semigator AG and IT Admin at MyHammer AG and is the author of the practical manual "Monitoring with Zabbix". Nicholas Thiede was CEO of Semigator AG and COO of MyHammer AG. CloudRadar is now used in the USA, Western and Eastern Europe as well as in Africa.
If you have any questions, please contact: Thorsten Kramm, tk@cloudradar.io, +49 175 6598509, Skype: thorstenkramm, Xing, LinkedIn Nicholas Thiede, nt@cloudradar.io,+49 171 4224159, Skype: nthiede, Xing, LinkedIn
About Brandenburg Kapital GmbH / Investment Bank of the State of Brandenburg
The Investment Bank of the State of Brandenburg (ILB) manages various equity funds that finance growth- and innovation-oriented companies based in and/or having a place of operation in Brandenburg. The funds for the Seed and Growth Fund, set up on behalf of the Brandenburg Ministry of Economic Affairs, are currently being provided from the European Regional Development Fund and from ILB's own resources. The investment activities of ILB have so far accompanied more than 200 companies on their growth path with around 220 million euros. Around 8,400 modern jobs have been created or have been secured. The funds managed by ILB cover the entire spectrum from venture capital financing in the start-up and early growth phase to mezzanine financing for established medium-sized companies. In addition, private investors have so far invested more than 400 million euros in the companies.
For more information, visit: www.brandenburg-kapital.de
