Tasktop Technologies, a Vancouver, BC, Canada-based provider of Software Lifecycle Integration (SLI) platform and creators of the Eclipse Mylyn open source tool, closed an $11m Series A funding.
The round was led by Austin Ventures, syndicated with Yaletown Venture Partners. In conjunction with the funding, John Thornton, General Partner at Austin Ventures, and Mike Satterfield, Partner at Yaletown Venture Partners, joined Tasktop’s board of directors.
The company intends to use the funds to expand into new markets.
Founded in 2007 and led by Mik Kersten, CEO, and Neelan Choksi, COO and President, Tasktop has built Tasktop Sync, which aims to improve software delivery by enabling collaboration across multiple disciplines involved in the development process. It provides automated enterprise-scale synchronization among some of the most widely adopted Application Lifecycle Management (ALM) tools including Requirements Management, Test Management, Agile Project Management, Project and Portfolio Management (PPM) and Service Desk products.
Customers include global leaders in financial services, insurance, government and manufacturing.