# PlateSpin

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: http://www.platespin.com
- Total disclosed funding: $7.4M
- Latest round: Series B (Nov 1, 2005)
- Investors on record: 3

## About

PlateSpin is a technology company specializing in workload management, providing solutions for workload migration, disaster recovery, and server management to optimize IT infrastructure efficiency.Founded in 1999 in Toronto, Canada, PlateSpin focuses on workload management solutions. In February 2008, the company was acquired by Novell for USD 205 mn in an all-cash transaction. PlateSpin has executed a total of 7 deals since its inception.PlateSpin delivers innovative solutions designed to manage workloads effectively, focusing on migration, disaster recovery, and server management. Their offerings enable businesses to enhance operational efficiency through streamlined workload management processes.PlateSpin generates revenue primarily through the direct sale of its workload management solutions. The company engages clients through structured subscription models, allowing access to their software products and support services on an annual basis.With the recent acquisition by Novell, PlateSpin will leverage the funding from the USD 205 mn deal to enhance its product offerings and improve service delivery. The company plans to expand its market presence, aiming to penetrate additional sectors and regions in North America and Europe by 2010.

## Funding rounds

- Series B, Nov 1, 2005, $7.4M — Skylon Capital Management, Insight Partners, Convington Capital

## Investors

- Skylon Capital Management — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Convington Capital — Series B