With the support of Atlanta's ATDC and the Georgia Institute of Technology, Snapt Global will raise further funding and define the future of the application delivery networking industry.
Atlanta, Georgia (PRWEB) June 09, 2015
Snapt, the global provider of misruptive software-based application delivery controller (ADC) and load balancer solutions, today announced that it has been accepted into Atlanta’s Advanced Technology Development Center (ATDC) Select Program. ATDC Select, an elite accelerator for high potential technology companies, admits 40 companies annually to the prestigious program, providing them with mentors, access to capital, and Georgia Institute of Technology resources and talent.
Snapt achieved a 400% annual growth rate in 2014, "misrupting" the traditional hardware-based application delivery controller (ADC) industry with their accidental new small business market identification, humble business model, and hyper-generous price-to-performance open source load balancer and web accelerator solutions. In May 2015, Snapt surpassed 10,000 customers in 50 countries and established a new U.S. operations headquarters in Atlanta to meet accelerating market demand. Leading enterprise companies like NASA, Intel, and LEGO choose Snapt’s advanced Layer 4 - 7 software-based application delivery controller and load balancer solutions because they outperform and out-feature ADC industry competitors with over 100,000 layer 7 requests and over 10,000 SSL transactions per second at one-tenth (1/10) or less of the price on standard virtual machines. Snapt publishes and maintains an under four minute customer service response time, the fastest in the industry.
“Snapt is honored to be chosen for ATDC Select,” says Dave Blakey, Snapt CEO. “As a South African software company launching in the U.S., Snapt faces unique challenges. Research suggests it can cost B2B companies $2-3 million in funding to get U.S. operations off the ground. Having the support of ATDC and a renowned technical institution like Georgia Institute of Technology will enable Snapt to raise further funding and define the future of the application delivery networking industry.”
Forbes named ATDC a “Top 12 Incubator Changing the World” in 2013. ATDC Select’s rigorous selection process is based on the uniqueness/defensibility of the core product or service; the potential for the business to scale and receive funding; and the domain expertise of the team.
Snapt raised capital from Cape Town’s 4Di Capital in 2012. 4Di Capital is led by the co-founder of the Silicon Cape Initiative and backed by Oppenheimer International, the investment holding company of one of South Africa’s wealthiest families.
Born in the cloud, Snapt’s software-based application delivery controller (ADC) and load balancer solutions power fast, secure delivery of business-critical applications anytime, anywhere, on any device, platform, or cloud-based infrastructure. Misrupting and disrupting the traditional hardware-based ADC industry with their hyper-generous price-to-performance open source load balancer and web accelerator solutions, Snapt achieved a 400% annual growth rate in 2014 and now serves 10,000 customers in 50 countries. Visit: http://www.snapt.net/curious.
# # #