OpsCompass Continues Growth with Capital Investment from Key Investors
Today, OpsCompass, a leading public cloud governance and compliance company, announced that they had received key funding to expand growth of their successful SaaS product, Helm, in order to meet growing client demand.
OMAHA, Neb., March 26, 2019 /PRNewswire-PRWeb/ -- Today, OpsCompass, a leading public cloud governance and compliance company, announced that they had received key funding to expand growth of their successful SaaS product, Helm, in order to meet growing client demand.
The round was led by Invest Nebraska and included Dundee Venture Capital, Nebraska Angels, M25, and NelNet corporation. "OpsCompass is precisely the type of Nebraska investment we are built to fund. It represents solid client acceptance, growth trajectory and differentiated by both its technology and its management fervor. We are delighted to participate," said Ben Williamson of Invest Nebraska.
OpsCompass Helm accelerates workload migration to the cloud through continuous governance and compliance monitoring across the leading public clouds. The company provides a high-fidelity view into an organization's status and position in the public cloud and alerts to problems in real time, which enhances awareness of company-wide cloud operations and the associated costs. This provides the missing controls needed to leverage cloud resources effectively for enterprise and high growth workloads.
In addition, the company helps enhance the corporate IT team's ability to enforce organizational policy at cloud scale, providing speed and security to the DevSecOps process, and ensuring compliance with industry standards. This is particularly important to certain industries such as healthcare and finance.
"We are very grateful that so many important investors decided to support our growth," commented Manny Quevedo, president of OpsCompass. He continued, "the public cloud is an undeniable presence in the age of digital transformation. They are powerful, fast and economically sound, but only if you apply proper governance and the same best practices we have used for years in the compliance and security industries. Like any great utility, it must be monitored, directed and managed."
The company was aided in its initial growth by several innovative State of Nebraska programs provided by the Department of Economic Development – including the prototyping program and the Academic R&D grant program. "Nebraska is a state that values entrepreneurship and innovation," said Department of Economic Development Director Dave Rippe. "Investing in businesses is one of the best ways to grow our state. The Business Innovation Act gives us a set of tools — in this case, the Academic R&D Grant Program — to turn those values into action. Our congratulations to OpsCompass, and their research partner, NARI, on this latest success."
John Jenkins, Partner at Dundee Venture Capital captured the orientation of several of the investors when stating, "This one checked all of the boxes: great team, market traction, fast growth, unique technology, significant revenue, and value priced."
The new funds will be used to enhance OpsCompass' growth strategy including sales expansion in the central U.S., training of strategic service partners and the expansion of key development personnel for multi-cloud expansion and product enhancements.
Quevedo closed his announcement with a note of clarity regarding the next steps for the firm. "This funding is a valuable catalyst that allows us to respond directly to the many opportunities coming our way from Microsoft, Amazon, and the clients leveraging cloud resources for their digital transformation. We appreciate the support we have received from the community and we know our continued success is built on the success of our clients, and that is our sole mission."
For more information on OpsCompass, please view the website at http://www.opscompass.com or reach out to [email protected].
About OpsCompass
OpsCompass, LLC is a Nebraska based provider of enterprise software that drives operational control, visibility, and security in Microsoft Azure, AWS and other global cloud platforms. Purpose-built for the cloud, OpsCompass replaces legacy controls that are not designed for contemporary, API-driven, cloud infrastructure. The company was formed by former tech executives that have experience in a variety of cloud-related industries and who have lived many of the challenges facing large enterprises in the transition to cloud-based systems.https://opscompass.com or https://waypoint.opscompass.com
About Invest Nebraska
Investment Nebraska was founded in 2002 and is a private nonprofit venture development organization focused on high growth companies and growing an entrepreneurial economy in the state of Nebraska. Invest Nebraska is funded in part by the Nebraska Department of Economic Development through the Business Innovation Act. Learn more at: http://www.Investnebraska.com
About Dundee Venture Capital
Dundee Venture Capital invests in high-growth, early-stage technology companies in the Midwest. With a focus on passionate and dynamic entrepreneurs, Dundee VC provides the capital and the connections to founding teams across industries with specific attention to e-commerce, B2B SaaS and consumer networks. Learn more by visiting: dundeeventurecapital.com or follow us on Twitter: @dundeevc.
About DED
Since 1967, the Nebraska Department of Economic Development (DED) has focused on growing and diversifying the state's economic base by bringing new investment, businesses, and people into the state. DED's mission is to provide quality leadership and services that enable Nebraska's communities, businesses, and people to succeed in a global economy. DED's primary divisions of Business Development and Housing & Community Development are equipped with a variety of programs to advance Nebraska businesses and communities by assisting with business formation, retention, and expansion and by supporting Nebraska communities with development efforts. To find out more about the programs that DED offers to businesses and communities, please visit opportunity.nebraska.gov
About M25
is a Chicago-based Midwest-focused venture capital firm run by Victor Gutwein and Mike Asem. Since the firm's inception in 2015, M25 has invested in over eighty early-stage tech startups in over 20 cities across 11 states in the Midwest. M25's objective, analytical model and collaborative, forward-thinking approach creates a large portfolio spanning several industries across the entire region, allowing them to establish M25 as a key node in the Midwest startup ecosystem. For more information, visit https://m25vc.com/.
About NelNet
Nelnet (NYSE: NNI) is a diversified and innovative company focused on offering educational services, technology solutions, telecommunications, and asset management. Nelnet helps students and families plan and pay for their education and makes the administrative processes for schools more efficient with student loan servicing, tuition payment processing, and school administration software. Through its subsidiary, ALLO Communications, Nelnet offers fiber optic services directly to homes and businesses for ultra-fast internet and superior telephone and television services. The company also makes investments in real estate developments and new ventures. For more information, visit Nelnet.com.
Nebraska Angels
The Nebraska Angels are a network of angel investors who meet once a month to work together to review business plans, listen to pitches, conduct due diligence and negotiate terms for potential investments. Founded in 2006, the Nebraska Angels membership continues to expand and welcomes new members throughout the year. Learn more at: http://nebraskaangels.org
About NARI
The Nebraska Applied Research Institute is a 501(c) affiliate of the University of Nebraska-Omaha that provides applied research and development, hands-on training, data analytics, and cybersecurity services within the cyber physical system domain to industry and Government clients. Built around multiple high-fidelity hardware-in-the-loop testbeds, NARI's offerings provide real-world solutions to some of the most complex and difficult cybersecurity challenges facing the high-tech digital world. The Institute was formed by tech executives and cybersecurity professionals with vast experience in vulnerability research, exploitation, data analytics, modeling, simulation, and visualization. https://nari.unomaha.edu.
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