Trigence Gets Additional $8M in New Financing

Trigence, a software company that targets data-center and distributed server operating systems, has secured $8 million in new financing, for a total of $17.5 million in venture funding.

Trigence AE software improves application management in Linux or Solaris operating systems by eliminating the need to reconfigure, reinstall or update applications.

The additional funding, which is led by GrowthWorks and includes existing investors BDC Venture Capital and VenGrowth Capital Partners, will be used to meet demand by extending the software technology to include additional platforms and accelerate sales through marketing and strategic partnership programs of the privately held Jersey City-based company.

“The management of applications is one of the major line items on a company's IT balance sheet. As this issue grows in complexity and scope, Trigence can continue to take advantage of a significant opportunity for sustained success in this critical area of application virtualization,” says Tim Lee, a GrowthWorks vice president in charge of investments.