Tuesday, December 4, 2012

ServiceNow's Slootman Backs ScaleIO

Frank Slootman, the CEO of San Diego's ServiceNow, has made an investment in a developer of data storage products. According to ScaleIO, a Palo Alto developer of software-defined storage products, it raised $12M in a funding round, which came from Greylock IL Partners, Norwest Venture Partners (NVP), and private investors, including Slootman. ServiceNow named Slootman as its CEO in 2011, as it began ramping up for its IPO, which happened in June of 2012. Slootman also had served at Greylock, EMC, and Data Domain, among other firms. More information »