Private Equity, VCs Invest In ServiceNow, Salesforce SaaS Governance Startup
Multiple private equity and venture capital firms have invested in Quality Clouds, a SaaS governance platform for ServiceNow, Salesforce, Microsoft Dynamics and SharePoint customers.
The investors include:
- YFM Equity Partners for £3.5 million (roughly US$4.33 million).
- Adara Ventures and Aldea for a combined £1.75 million (roughly US$2.18 million).
Quality Clouds: Potential SaaS Application Governance Benefits
Quality Clouds is a DevOps platform that allows customers to accelerate ServiceNow and Salesforce deployments and workflow automation — while adhering to various corporate governance mandates. The company also positions itself as the “essential code and configuration analysis solution” for Microsoft Dynamics and SharePoint.
Quality Clouds’ overall goal is to “help organizations achieve greater control of and visibility over their SaaS production and pre-production environments,” the company indicates. The software, Quality Clouds indicates, can:
- Continuously analyze SaaS platforms to inventory the current customizations;
- identify development that diverges from vendor coding best practices; and
- quantify the impact of real-time code development decisions on the long-term integrity, security, and upgradeability of the platform.
Quality Clouds — based in Barcelona, Spain — has a growing presence in the United States. Indeed, roughly 45% of Quality Cloud’s are in the United States. Recent moves include naming K.C. Watson chief revenue officer.
Quality Clouds Funding: Executive Perspectives
In a prepared statement about the funding Albert Franquesa, CEO and co-founder, said:
“YFM Equity Partners’ tech track record was crucial for us. We see them as part of the team and welcome their strategic input. This investment, coupled with our new corporate structure, will turbo-charge the company in the coming months. Our clients will also get a boost from our ability to enable development speed, quality and security on ServiceNow and Salesforce platforms.”
Added Adam Hart, investment director at YFM:
“As cloud applications continue to push the low-code/no-code development, the requirement for a control and governance tool is increasing exponentially. Quality Clouds addresses this need, and the investment round will allow the team to capitalise on the huge opportunity ahead.
We have been really impressed with the team and their deep domain knowledge. The company also has a powerful vision and a clear roadmap to scale that vision internationally and across multi-cloud applications – we’re looking forward to working alongside this exceptional team to help them reach their goals.”
Quality Clouds partner program information is here.