Digital Evolution Returns As Web-Services Startup - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Digital Evolution Returns As Web-Services Startup

CEO Eric Pulier says the startup recently received $15 million in funding to expand the business into new markets.

Emerging technologies, especially those accompanied with lots of vendor hype, are bound to attract investors. That's certainly the case with Web services, which proponents claim is posed to revolutionize application development for the Web. Among the latest startups to woo venture capitalists is Digital Evolution Inc., a Santa Monica, Calif., company selling a management server for finding, monitoring, and securing Web services in an enterprise.

Digital Evolution has secured $15 million of Series A funding from Paladin Capital Partners Fund LP. Digital CEO Eric Pulier says the company is already profitable, but the money is needed to help him expand the business, particularly in new markets like the public sector. The company, which provides software and consulting services, lists as customers Charles Schwab, Farmers Insurance, Sempra Energy, and US Steel.

But getting VC money isn't always an indication the company or its technology will take the industry by storm. After all, a lot of money has been invested in dot-coms that failed. Darcy Fowkes, analyst at the Aberdeen Group, says VCs invest in new companies across a number of emerging technologies to hedge their bets. Fowkes is skeptical that Web-services startups will become tomorrow's powerhouses because they're competing against today's giants, including Hewlett-Packard, IBM, and Microsoft. "I don't see how the small players are going to do it," she said.

Digital Evolution is the second company of the same name founded by Pulier. In 1994, Pulier started a company to help others incorporate emerging Internet standards into IT systems. The first Digital Evolution was bought in 1998 by Philadelphia-based US Interactive Inc., which filed for bankruptcy in January 2001.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Why It's Nice to Know What Can Go Wrong with AI
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  11/11/2019
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll