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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