Friday, March 16, 2012

NEXThink Raises $5.5M, Sets Up Shop in Utah

NEXThink, a developer of enterprise IT monitoring software, said Thursday that it has raised $5.5M in a Series C funding, and set up shop in Utah. The funding round came from Auriga Partners, Venture Incubator, and Mannai Corporation. NEXThink, which was started in Switzerland, said it has set up shop in Alpine, Utah, which will serve as its U.S. headquarters. The move to Utah comes thanks to the hiring of Chris Lundell as President of Americas for the firm. Lundell is a local who was previously CEO of Corda Technology, has served as Vice President and General Manager of LANDesk Software, and had also had a lengthyu career at Novell. NEXThink did not detail plans for growing out its organization in Alpine.