Digital Evolution gets new CEO, $8M in financing

Digital Evolution said it has received $8 million in its latest round of financing and has named a new CEO.

Digital Evolution Inc., Santa Monica, Calif., said it has received $8 million in its latest round of financing.

The Web services management and security software maker also recently announced that Paul Gigg has been named president and CEO of the company. Gigg was most recently a vice president with IBM after IBM's acquisition of Access360, where he was CEO. Gigg was also a CEO for Xdrive and ISOCOR, which was later acquired by Critical Path Inc.

Gigg will also serve as a member of Digital Evolution's board of directors.

The $8 million in Series C financing that closed this week came from Redpoint Ventures and Mellon Ventures. Digital Evolution said that it has raised more than $23 million in equity financing since its founding in 1998.

Digital Evolution

Dig deeper on Business Process Management (BPM) modeling, design and development

Pro+

Features

Enjoy the benefits of Pro+ membership, learn more and join.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchSoftwareQuality

SearchCloudApplications

SearchAWS

TheServerSide

SearchWinDevelopment

Close