Astadia, Inc. Receives Investment From Kodiak Venture Partners
Investment points to growth in consulting services for on demand technology and software-as-a-service (SaaS)
Atlanta, GA – January 7, 2008 – Astadia, Inc., a leading management consulting and on-demand technology solutions company, today announced that it has completed
Series A financing round with Kodiak Venture Partners based in Boston, MA. The equit funding will be used to expand and accelerate Astadia’s growth and leadership in the software-as-a-service (SaaS) consulting and deployment marketplace. Astadia will use the funds to invest in significant organic expansion both domestically and globally acquisitions, and on-demand applications development in the fast growing SaaS market
segment.
“We have done a significant amount of research on firms in this marketplace” said Chris Greendale, Managing Partner of Kodiak Venture Partners. “Astadia has the strategy, the management team, the experienced resources and the relationships to build a great global company in the SaaS market space”.
Astadia is the largest deployment partner for salesforce.com, Eloqua, Xactly and other leading SaaS solutions. In addition to its consulting services the firm also offers ondemand applications and technology platforms for key vertical markets and functional business domains.
“We are very excited about our relationship with Kodiak Venture Partners” said J. Ernest Riddle, CEO of Astadia. “We share a common view of the marketplace opportunity and Astadia welcomes the experience and association of the Kodiak team. Our customers, our partners and our employees will all benefit as we move quickly to implement our growth strategy”.
About Astadia
Astadia is a management consulting and on-demand technology solutions company that helps businesses become more productive in sales, marketing, customer service and employee performance. With offices across the U.S. and in Europe, Astadia serves businesses, large and small, with subject matter expertise in a wide array of industries. Enabling Customer Relationship Management, Human Capital Management, Marketing Automation, Partner Relationship Management, and Sales Force Automation, Astadia is the largest deployment partner for salesforce.com, Eloqua, Xactly and other leading
SaaS solutions. Astadia is ranked 83rd on the Inc. 500 list. For more information, visit www.astadia.com or call (877) 7ASTADIA (877-727-8234).
About Kodiak
Kodiak Venture Partners pursues a disciplined investment strategy that is focused on building seed and early stage technology companies into high-growth industry market leaders. Kodiak partners have deep expertise in building and investing in market leaders. The team invests in markets where they have had proven success over the
years.
Founded in 1999, Kodiak manages three funds totaling $676M and targets companies in eastern North America. Kodiak forges deep relationships with entrepreneurs at the earliest stages and works with a hands-on approach to formulate business strategies, build management teams, and develop critical alliances and customer relationships.
