Grid Dynamics Acquires Qubell, Renames Product Tonomi and Raises Series B Funding to Extend Cloud Application Services
Summary
Grid Dynamics also secured series B financing from Qubell’s lead investor, Benhamou Global Ventures (BGV) to fund the expansion into cloud services. “Tonomi’s powerful automation technology will further enable us to deliver what our customers are asking for: fast, safe and secure management of applications and their environments on public and private clouds. Grid Dynamics is a leading provider of open, scalable, next-generation commerce technology solutions in the areas of omni-channel digital platforms, cloud enablement and continuous delivery. Comprised of an experienced partnership team of global operating executives and investors, BGVII will actively engage and support entrepreneurs looking to build the next generation of enterprise IT companies. With a particular emphasis on cloud based services and applications, cyber security, web-scale infrastructure, business analytics and the Internet of Things, the Fund will invest in the compelling opportunities offered as enterprise IT transformation accelerates.
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