Press & Media Press Coverage Press Releases Fact Sheet Brand Assets & Guidelines Bitium Closes $2.4M Seed Round for SaaS Operating System Embraces consumerization of the enterprise Venice Beach, CA - April 17, 2013 - Today Bitium announced a $2.4M seed round for the first Software-as-a-Service (SaaS) operating system. The round was led by Mike Hirshland of Resolute VC and features an all-star list of investors including Alex Bard (Desk.com); Michael Lazerow (Buddy Media); former SVP of Strategy for Microsoft, Hank Vigil; Rob Glaser (Real Networks); seasoned SaaS entrepreneurs Hiten Shah (KISSmetrics) and Sean Ellis (Qualaroo); and Southern California funds Double M Partners, Social Leverage and Karlin Ventures. In today’s era of cloud computing, software is developed for Web browsers instead of desktops. SaaS apps exist in independent silos and don’t function together like they do in Microsoft Windows or Mac OSX. Furthermore, employee adoption of Web apps is on the rise and a challenge for companies to manage. Consider the statistics; according to Gartner Research, worldwide SaaS revenue will reach $22.1 billion by 2015. Bitium provides companies a single place to handle the authentication and authorization of cloud-based software, while still empowering employees to easily access the apps they’ve already adopted. “Our vision is to change how people and companies work by fundamentally changing the way they interact with software,” said Scott Kriz, co-founder and CEO of Bitium. “We firmly believe the best software has always been adopted by the end user, so we’ve created an open system that’s self-organizing. It’s like letting people pick what they want off the menu rather than telling them what’s for lunch.” Beyond Identity Access Management, Bitium also helps enterprises work more efficiently with features like consolidated messaging so teams can turn off email alerts, and the ability to bookmark and share deep links into apps. A recent graduate of LA accelerator Amplify, Bitium was founded in early 2012 and has been operating in closed beta until today. The company has currently integrated with over 300 popular Web apps like Gmail, Salesforce and Yammer, and has added 30 beta customers to date. Bitium offers companies the ability to manage unlimited users and apps for free. Advanced capabilities such as reporting, IP whitelisting, and integration with Google, Salesforce, LDAP and Active Directory are available for a flat-rate. Details may be found at www.bitium.com/site/pricing.