New CEO, new HQ for JumpCloud
Last Updated: 17:09 December 16, 2013
The news came on the same day that the cloud-server management firm officially announced that co-founder Rajat Bhargava has been named JumpCloud’s new chief executive.
Bhargava replaces fellow co-founder David Campbell, who left his day-to-day role with the company to pursue other projects though he remains an active shareholder with the company. Bhargava is the former CEO of Superior-based StillSecure. JumpCloud marks the eighth venture-backed startup of which he’s been a part, including his fifth as CEO.
“It’s sort of a natural transition,” said Bhargava, who took over the CEO role at JumpCloud about two months ago.
JumpCloud is a software-as-a-service product that automates server-management tasks for development operations and information technology teams.
Launched in September of last year, JumpCloud had been located at 1048 Pearl St. in the former Daily Camera building, which is to be demolished and redeveloped in 2014. The company raised $1.2 million in seed funding from the Foundry Group.
The company’s new location is about 10,000 square feet. Bhargava said JumpCloud doesn’t disclose revenue figures or employee head counts. But a press release stated that JumpCloud has added hundreds of small- to medium-size enterprise customers since its launch. That growth has been a significant driver in the addition of engineering, sales and marketing staff at the company.
“People are moving to the cloud so rapidly that all these servers need to be managed, and there’s not really great management tools for DevOps and IT guys,” Bhargava said. “We think we’re solving a pretty acute problem that’s out there, so that’s why (JumpCloud) is taking off.”
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