Cloud security firm Managed Methods raises $1.5 million

BOULDER – Enterprise cloud security software provider Managed Methods Inc. raised $1.5 million recently as it launches a pair of new products geared toward mid-sized to large companies.

The funding was an extension of a round that originally raised $2 million last November, and came primarily from local angel investors.

Privately held Managed Methods doesn’t disclose revenue. But since ramping up development of the new products in November, the 7-year-old company has added about six employees to get to 15, with another five to seven likely to be hired over the coming year, chief operating officer Don Bergal said Wednesday.

Bergal said the…