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April 28, 2011 03:25 pm GMT

Spiceworks Raises $25 Million To Be The Facebook For IT Managers

Spiceworks, a startup that develops Web-connected social IT management software, has raised a whopping $25 million in new funding from Adams Street Partners, Tenaya Capital, Institutional Venture Partners, Austin Ventures and Shasta Ventures. This brings the company's total funding up to $54 million.Spiceworks develops a desktop software suite that helps a company's IT staff collaborate with each other and manage "everything IT." The IT management software, which is free and ad-supported, is mainly used at small to medium businesses to inventory, monitor, troubleshoot, report on and run a help desk for their IT networks.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XZM-_aSPGY8/

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