TaskTop raises $11 million

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TaskTop has raised $11 million to expand sales and marketing for its software development toolkit integration technology. TaskTop has offices in Austin, Texas and Vancouver, British Columbia.

TaskTop was bootstrapped for 7.5 years before raising its first round of outside capital co-led by Austin Ventures and Yaletown Venture Partners. TaskTop founder and CEO Mik Kersten created the software as an open source project called Eclipse Mylyn following years of university research.

“We have been focused on building Tasktop Sync into the first platform capable of providing end-to-end DevOps integration. And we’ve been gratified to see such terrific market demand,” stated Mik Kersten, Tasktop Founder and CEO. “After bootstrapping to 70 people over seven years, this investment will accelerate the growth of our customer-facing team to keep up with the market demand, as well as dramatically expand the reach of our integration platform. We’re pleased to have the support of the leading VCs in Austin, home of our US-based sales and marketing operations, and Vancouver, our company headquarters and R&D center.”

Tasktop was founded in 2007 and has partnered with several companies, including HP, IBM, CA, and Microsoft.

Tasktop Sync is the company’s first flagship product that significantly improves software delivery by enabling collaboration across the multiple disciplines involved in the software development process. Tasktop provides fully automated enterprise-scale synchronization among Application Lifecycle Management tools like test management, project management, portfolio management, and agile project management.

[Source: TC]

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