RALEIGH, N.C. — October 25, 2010 — rPath, the service factory for on-demand IT, today announced it has raised $7 million in venture capital funding led by existing investors North Bridge Venture Partners and General Catalyst Partners. This represents the fourth round of financing, bringing the total capital raised to $32.5 million.

“rPath is uniquely positioned for rapid expansion in the enterprise market, following the rise of agile operations, self-service IT and enterprise cloud initiatives, all of which focus on the goal of making enterprise IT organizations responsive, flexible and low-cost service providers,” said Mike Torto, president and CEO for rPath. “We’re very pleased to continue our partnership with North Bridge and General Catalyst as we scale our business in response to demand for new approaches to delivering enterprise IT services with more speed, control and efficiency than ever before.”

rPath brings manufacturing-like efficiency to IT organizations seeking transformational improvements in the speed, cost and control of deploying and maintaining complex applications and software systems. rPath acts as a service factory for automating software system construction, image generation and lifecycle management of standardized software components and stacks across physical, virtual and cloud environments. This service factory is the foundation for agile operations, self-service IT, private and hybrid clouds, and other IT-as-a-service initiatives.

“The rise of public cloud services is shining light on what is wrong with enterprise IT today: It’s too slow, costly and inflexible,” said Michael Skok, general partner for North Bridge Venture Partners and rPath board member. “This is forcing IT to transform through automation and new self-service and elastic approaches to service delivery. rPath is at the heart of this transformation, providing a powerful and differentiated automation solution for making IT agile, flexible and cost-efficient in the age of on-demand IT.”

According to David Orfao, managing director for General Catalyst Partners and rPath board member: “We’re very pleased to continue our investment in rPath, which has all of the essential ingredients for building a very successful company: A world-class team; a proven and differentiated product; and a large and growing market opportunity.”

This announcement comes on the heels of other news over recent weeks, including:

VMworld 2010 Best of Show Awards for which rPath was named the Finalist in the Private Cloud Computing category. This award program received over 200 nominees. Learn more about VMworld 2010 Best of Show here: http://www.rpath.com/corp/news-and-events/769-09072010.

“The NRE Alliance,” a coalition of independent vendors delivering an integrated solution for self-service private and hybrid cloud computing. Delivered by MomentumSI, this integrated solution comprises newScale, as the IT storefront; rPath, as the automated service factory; and Eucalyptus Systems, as the elastic infrastructure. Learn more about the NRE Alliance here: www.nrecloud.com

Over coming weeks, rPath will be participating in several key industry events, including:

CloudExpo, where rPath will be exhibiting with NRE Alliance partners newScale, Eucalyptus and MomentumSI. This takes place Nov. 1-4 in Santa Clara, Calif.

Toward Self-Service Private and Hybrid Cloud,” an online panel discussion on the journey from IT bottleneck to IT-as-a-Service. This discussion includes James Staten VP and principal analyst, Forrester Research; Scott Hammond, CEO of newScale; Mike Torto, CEO of rPath; and Marten Mikos; CEO of Eucalyptus Systems. This online panel takes place on Tuesday, Nov. 2 at 2:00 p.m. ET. Registration is free: http://www.rpath.com/corp/sspc-journey

LISA ’10, a technical conference focused on management and administration of large-scale IT environments. This takes place Nov. 7-12 in San Jose, Calif.

For more information on rPath, please visit http://www.rpath.com. For additional perspectives, please visit and subscribe to rPath RSS blog feeds at http://blogs.rpath.com/wpmu/. Follow rPath on Twitter at @rpath and Facebook at http://www.facebook.com/rPathInc.

More articles from Entrepreneur Country:

• 78% of entrepreneurs tell Lord Sugar ‘you’re fired’
• The Wayne Rooney effect- Why downside protection does not make you money
• Online Dragon Julie Meyer advises fired 'Apprentice'
• By whose rules should we judge entrepreneurs?
• Why the world’s poorest people are its strongest market
• Industry survey predicts ‘other’ private equity houses will fall and further banking covenants will be breached
• Study finds that 92% of US two year olds have an online presence
• Latest M&A and VC deals from the last 7 days

Like this article and want to be part of Entrepreneur Country? Please click the relevant link below or leave a comment.

Linked In - http://linkd.in/ct1Rfy
Twitter - @Encountry
Email - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Editor- This e-mail address is being protected from spambots. You need JavaScript enabled to view it