Quality Clouds to 'turbo-charge' company as it secures £3.5m investment

The SaaS provider says the funds will strengthen the company’s offering globally as it develops its multi-cloud applications

Quality Clouds claims its latest investment round will see the company "turbo-charged" in the coming months in its efforts to develop its multi cloud applications.

The UK based SaaS provider has just secured £3.5m, which it says will bolster its global operations and increase its ability to help ServiceNow and Salesforce customers "unlock the value of their investments".

The investment came from funds managed by YFM Equity Partners (YFM), with an additional £1.75m participation coming from Adara Ventures and new investors Aldea.

Albert Franquesa, CEO and co-Founder of Quality Clouds, said: "YFM Equity Partners' tech track record was crucial for us. We see them as part of the team and welcome their strategic input.

"This investment, coupled with our new corporate structure, will turbo-charge the company in the coming months. Our clients will also get a boost from our ability to enable development speed, quality and security on ServiceNow and Salesforce platforms".

Quality Clouds provides a DevOps quality and governance solution for SaaS platforms, including ServiceNow and Salesforce.

Adam Hart, investment director at YFM, added the new investment will allow Quality Clouds to "capitalise on the huge opportunity ahead".

He said: "As cloud applications continue to push the low-code/no-code development, the requirement for a control and governance tool is increasing exponentially. Quality Clouds addresses this need, and the investment round will allow the team to capitalise on the huge opportunity ahead.

"We have been really impressed with the team and their deep domain knowledge. The company also has a powerful vision and a clear roadmap to scale that vision internationally and across multi-cloud applications - we're looking forward to working alongside this exceptional team to help them reach their goals."

Quality Clouds added that Mark Sutherland will be joining the team as the new non-executive chairman.

He said: "Against the backdrop of constant corporate digital transformation, technology leaders need to regain control of the quality and governance of their SaaS systems and platforms.

"I'm really excited to be involved with Quality Clouds as this new investment combined with their technology makes the company ideally placed to support ambitious enterprises".