Corent Boosts Funding For SaaS Tools

Aliso Viejo-based Corent, which develops software tools to more easily port traditional software to the software-as-a-service model, has raised $3.2M in a funding round. Corent CEO Feyzi Fatehi confirmed the round, saying that the firm is seeing lots of traction from firms looking to "SaaS"-ify their software. Fatehi said the firm's software makes it easy for companies to plug their software into their existing applications, to transform them into software-as-a-service applications which can be run in the cloud. The firm is targeting enterprise customers with its offering, and has a major deal with IBM to help customers move their software into the cloud. Fatehi said that software vendors are using the firm's products to allow them to sell their software as a service, and that enterprises are using the firm's tools to consolidate enterprise applications from different divisions into a corporate location, saving tens of millions of dollars. Other details on the funding were not provided.