IT Software Company Samanage Raises $30 Million

IT service software company Samanage Ltd. announced Thursday it completed a $30 million Series D funding round led by Morgan Stanley Expansion Capital. Existing investors Marker LLC, Viola Ventures, Vintage Investment Partners, Gemini Israel Ventures, and Salesforce Ventures also participated.

Samanage provides cloud computing services to corporate IT departments, with 80% of its customers based in the U.S. With this additional funding, the company is looking to expand its activity in Europe as well as in Australia, CEO Doron Gordon told Calcalist Thursday. The company also intends to hire 50 new employees to its research and development center in Israel.

Founded in 2007 Samanage currently employs a team of 170 people in Israel and the U.S. The company reports some 2,000 corporate customers including Salesforce, Ikea, and 3M.