Daily News: March 28, 2014

Wellington Financial Provides Growth Capital to SOA Software

Wellington Financial announced a $10 million venture debt financing for SOA Software.

SOA Software is backed by leading venture capital firms, including Redpoint Ventures, Paladin Capital Group, Palisades Ventures, Navigation Capital Partners and Draper Fisher Jurvetson.

“SOA Software provides customers with a number of market leading solutions to help manage and secure APIs across their organization. We are delighted to add another Southern California company to our expanding U.S. portfolio,” said Eric Speer, VP of Wellington Financial.

“The worldwide market for converged API and SOA solutions is growing rapidly. This financing will allow us to accelerate time to market for new products and expand our presence to address enterprise customers globally with our software and solutions,” said Paul Gigg, president and CEO of SOA Software.

SOA Software is a provider of API Management and SOA Governance products.