Conformity Raises $3M in Series A Funding

Conformity, Inc., an Austin, Texas-based provider of on-demand solutions that allow to manage and monitor users of Software-as-a-Service (SaaS) and cloud applications within businesses, has raised a further $3m as a part of a Series A funding round.
The investment, which was led by Guggenheim Venture Partners, will enable the company to expand its product line and accelerate the execution of marketing and sales activities, and close additional partnership agreements.
Conformity’s solutions help organizations, particularly medium and large enterprises, to address the challenges that cloud computing adoption is creating in the areas of Security&Compliance, Finance, and Operations.
In January 2009, the company had raised $3m.

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