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Questra Gets $12.5 Million in Funding |
Questra Corporation, a global leader in Intelligent Device Management (IDM), has closed a new $12.5 million round of financing. In addition to investments from Trident Capital and Menlo Ventures, Questra received a strategic investment from SAP — the first investment for the recently formed Global SAP NetWeaver Fund.
“SAP's investment in Questra is further evidence of the importance that SAP sees in the IDM market,” said Emil Wang, CEO of Questra. “Questra's IDM solution is the 'last mile' connection that allows an enterprise to integrate the performance of their products at customer sites into the data infrastructure of their company provided by vendors such as SAP. By integrating these capabilities, customers can develop powerful new business processes.”
”The SAP NetWeaver Fund was established so that SAP could not only make equity investments in companies committed to the SAP ecosystem, but could also take an active role in helping those companies maximize their market potential,” said Zia Yusuf, Executive Vice President of platform ecosystem at SAP and co-manager of the SAP NetWeaver Fund. “We see a significant opportunity for enterprises to tap information available from intelligent devices connected to the Internet and believe Questra's technology holds great promise. Questra has already demonstrated value as an active participant in the SAP ecosystem. We look forward to working with Questra to continue to co-innovate for the benefit of customers.”
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