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SOASTA Gains $30M in Funding

SOASTA has added another $30 million in capital to its war chest. Led by Tennenbaum Capital, along with existing investors Canaan Venture Partners, Pelion Venture Partners and Formative Ventures, the new round of funding will be used to restructure existing debt and provide additional growth capital to continue to drive SOASTA’s leadership in the Digital Performance Management (DPM) space.

"SOASTA will use this new capital to ramp its robust growth, which is being driven largely by the importance of performance and the customer experience to doing business successfully and profitably online. “There is clearly an empirical relationship between the customer experience and digital performance,” said SOASTA CEO Tom Lounibos.

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SOASTA Gains $30M in Funding

SOASTA has added another $30 million in capital to its war chest. Led by Tennenbaum Capital, along with existing investors Canaan Venture Partners, Pelion Venture Partners and Formative Ventures, the new round of funding will be used to restructure existing debt and provide additional growth capital to continue to drive SOASTA’s leadership in the Digital Performance Management (DPM) space.

"SOASTA will use this new capital to ramp its robust growth, which is being driven largely by the importance of performance and the customer experience to doing business successfully and profitably online. “There is clearly an empirical relationship between the customer experience and digital performance,” said SOASTA CEO Tom Lounibos.

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According to Auvik's 2025 IT Trends Report, 60% of IT professionals feel at least moderately burned out on the job, with 43% stating that their workload is contributing to work stress. At the same time, many IT professionals are naming AI and machine learning as key areas they'd most like to upskill ...

Businesses that face downtime or outages risk financial and reputational damage, as well as reducing partner, shareholder, and customer trust. One of the major challenges that enterprises face is implementing a robust business continuity plan. What's the solution? The answer may lie in disaster recovery tactics such as truly immutable storage and regular disaster recovery testing ...

IT spending is expected to jump nearly 10% in 2025, and organizations are now facing pressure to manage costs without slowing down critical functions like observability. To meet the challenge, leaders are turning to smarter, more cost effective business strategies. Enter stage right: OpenTelemetry, the missing piece of the puzzle that is no longer just an option but rather a strategic advantage ...

Amidst the threat of cyberhacks and data breaches, companies install several security measures to keep their business safely afloat. These measures aim to protect businesses, employees, and crucial data. Yet, employees perceive them as burdensome. Frustrated with complex logins, slow access, and constant security checks, workers decide to completely bypass all security set-ups ...

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In the early days of the cloud revolution, business leaders perceived cloud services as a means of sidelining IT organizations. IT was too slow, too expensive, or incapable of supporting new technologies. With a team of developers, line of business managers could deploy new applications and services in the cloud. IT has been fighting to retake control ever since. Today, IT is back in the driver's seat, according to new research by Enterprise Management Associates (EMA) ...

In today's fast-paced and increasingly complex network environments, Network Operations Centers (NOCs) are the backbone of ensuring continuous uptime, smooth service delivery, and rapid issue resolution. However, the challenges faced by NOC teams are only growing. In a recent study, 78% state network complexity has grown significantly over the last few years while 84% regularly learn about network issues from users. It is imperative we adopt a new approach to managing today's network experiences ...

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