IDERA, Inc. today announced an agreement to acquire Sencha, a leading web application development platform.
More than 10,000 customers and 60 percent of the Fortune 100 companies rely on Sencha to deliver applications that drive their businesses. Sencha’s Web Application Lifecycle Management Platform empowers the enterprise to design, develop, deploy and manage cross-platform web applications.
“Sencha’s focus on reducing cost and complexity to develop and deliver web applications is a powerful fit with our development tools business,” said Randy Jacops, CEO of IDERA, Inc. “We are very excited about this space and expect to continue to improve and invest in our developer tools capability.”
Prior to the exit, Sencha had raised $29 million in venture capital funding from Icon Ventures, Radar Partners, and Sequoia Capital.
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