Quality Clouds has announced a new round of investment to continue scaling its application development governance platform. The investment was led by YFM Equity Partners (YFM), with participation from Seed-round lead Adara Ventures, plus new investors Aldea and U.K. Future Fund.
This round allows the company to accelerate its business plan, onboard a US sales team, and expand the marketing and customer success resources available for newly-incorporated Chief Revenue Officer K.C. Watson.
The new investment will strengthen the company’s offering globally, following strong growth in the US, where 45% of Quality Clouds’ clients are based. It will also help increase Quality Clouds’ ability to help ServiceNow and Salesforce customers unlock the value of their investments.
Importantly, the company is vastly upgrading the resources available to support and coach the founders and management team. Experienced software veteran Mark Sutherland is joining the company as non-executive Chairman, while Kevin Tumulty (formerly EMEA VP at ServiceNow), John McAdam (formerly CEO of F5 Networks), and Sander Daniels (formerly Head of Financial Services Industries - Northern Europe, Germany and UK at Salesforce) join the new Strategic Advisory Board.
Organizations are increasingly adopting low-code/no-code (LC/NC) platforms (e.g. Salesforce, ServiceNow, MS Sharepoint) in order to scale their tech capabilities without building proprietary solutions from scratch. According to Gartner, 70% of new applications developed by organizations will use LC/NC technologies by 2025, up from less than 25% in 2020.
While using LC/NC platforms allows companies to integrate technology across the organization quickly, many are unaware of the true financial and technical costs of the customization and configuration.
Quality Clouds provides enterprises with the information they need to make impactful decisions about business-critical implementations and reduce the complexity of the enterprise software development cycle.
The platform allows IT professionals to govern their SaaS development, understand platform inventory, automate code reviews, and build even better applications, increasing the development velocity and reducing the cost of change.
It also allows users to easily integrate findings from Quality Clouds into other platforms, such as Jira, ServiceNow, and Slack, in order to drive efficient development processes.
Quality Clouds was founded in 2015 and now has offices in the UK, US, and Spain. Global leaders including BP, Barclays, Merck, Mayo Clinic, and Thermo Fisher rely on Quality Clouds to proactively and safely expand ServiceNow and Salesforce functionality at speed and scale.
This investment, coupled with a new corporate structure, will turbo-charge the company’s growth in the coming months, and we’re very proud to continue supporting Albert Franquesa, Angel Marquez, and the entire Quality Clouds team!