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Report: Portland’s AppFog to be acquired by Savvis

Portland platform-as-a-service startup AppFog is set to be acquired by Savvis, the big co-location and data center operator that’s owned by CenturyLink, according to a report in GigaOm. Terms of the deal were not disclosed. But it could mark an exit for three Seattle venture capital firms — Ignition, Madrona Venture Group and Founder’s Co-op…. Read More

appfog

Ignition, Founder’s Co-op and Madrona join forces to back AppFog

Three Seattle area venture capital firms are allying to back Portland’s AppFog, which has created new technologies that allow developers to quickly build Web applications. Ignition is leading the $8 million venture capital round, which also included participation from existing investors Madrona Venture Group and Founder’s Co-op. Other investors in the round include Simon Crosby,… Read More