# Astadia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astadia

- Industry: Business Support Services
- Headquarters: Jacksonville, US
- Website: www.astadia.com
- Total disclosed funding: $7M
- Latest round: Series B (Oct 1, 2008)
- Investors on record: 2

## About

Astadia Inc., headquartered in Jacksonville, US, specializes in modernizing legacy systems by offering comprehensive cloud migration solutions to enterprises and government institutions, enhancing their operational efficiency and agility.Founded in 1996, Astadia Inc. focuses on providing cloud migration solutions that modernize legacy systems. The company has undergone strategic developments, including a majority stake acquisition in July 2018 by a consortium led by Spring Lake Equity Partners. Under the leadership of CEO Scott Silk, Astadia has worked with various sectors, including the City of Miami, successfully implementing migration projects. The company has conducted a total of 3 deals and raised USD 7.00 mn in its latest funding round, Series B, with investments from Kodiak Venture Partners and North Atlantic Capital.Astadia specializes in modernizing legacy mainframe systems through comprehensive cloud migration solutions tailored for enterprises and government institutions. Their offerings encompass a holistic approach to refactoring and replatforming mainframe applications, enabling clients to leverage the cost savings and agility of cloud technology. The FastTrack process automates legacy code conversion at scale, significantly mitigating risks associated with software transformation projects. Astadia serves a diverse clientele, including the City of Miami, achieving substantial savings and operational improvements during their modernization efforts, while expanding its geographic reach across the United States and into international markets.Astadia generates revenue through a business-to-business (B2B) model, primarily engaging in long-term contracts with enterprises and government institutions for cloud migration and modernization services. The company structures its pricing around project-based fees that vary based on the complexity of migration efforts. Their flagship product, the FastTrack conversion tool, is integral to these services, designed to enhance operational efficiency and deliver financial benefits to clients, fostering ongoing partnerships that support digital transformation initiatives.Astadia plans to leverage the recent funding from the Series B round to enhance its cloud migration offerings and develop new products aimed at improving migration efficiency. The company is targeting expansion into international markets by 2025, with a focus on regions that are actively seeking IT infrastructure modernization. The funds from the latest round will support these strategic initiatives, as well as enhance their automated solutions to better serve their growing customer base.

## Funding rounds

- Series B, Oct 1, 2008, $7M — North Atlantic Capital, Kodiak Venture Partners
- Series A, Jan 7, 2008 — Kodiak Venture Partners

## Investors

- Kodiak Venture Partners (https://capitalatlas.ai/funds/kodiak-venture-partners) — Series A, Series B
- North Atlantic Capital (https://capitalatlas.ai/funds/north-atlantic-capital) — Series B