July is shaping up to be an eventful month here at AppDirect. Earlier today we announced our Series A funding round, and now we're following up with another piece of exciting news: the launch of our latest collaboration, the Rackspace Cloud Tools Marketplace.
We're always proud to see a new AppDirect-powered marketplace go live, but this one is particularly significant. The Rackspace Cloud Tools Marketplace marks our entrance into the Infrastructure-as-a-Service (IaaS) sector and underscores the versatility of the AppDirect platform. Our technology has become a trusted solution for the telecommunications and mobile development industries, and we're thrilled to enter the IaaS market by working with Rackspace, a recognized leader in the field.
The launch of the Rackspace marketplace also showcases the latest improvements to the AppDirect platform. With its advanced features and enhanced customization, our solution offers functionalities that surpass other well-known competitive marketplaces. That means the Cloud Tools Marketplace will not only make it easier for Rackspace customers to find and manage cloud-based services, but it raises the bar for cloud service marketplaces everywhere.
But, you don't have to take our word for it. Click on the video below to watch Ven Shanmugam, Senior Manager of Strategy and Corporate Development at Rackspace, describe the strength of the AppDirect platform and how the Cloud Tools Marketplace is helping Rackspace deliver a superior customer experience. You can also read our press release about the launch here.