Serial entrepreneur Nils Svangard joins Witsbits

BootstrapLabs company Witsbits, add another serial entrepreneur to its advisory board that also invests an undisclosed sum in the company. Witsbits is the company behind Go Cloud™, a software suite that quickly turn of-the-shelf servers and infrastructure into a unified compute and storage cloud, for Internet service providers. More information follows:

Gothenburg, June 1, 2010. Witsbits® AB, the Scandinavian pioneer in cloud computing solutions for metering and billing of cloud infrastructure, today announce that Nils Svangård, a Swedish serial Entrepreneur invests in Witsbits and joins the Advisory team and the board of directors.

“Witsbits has one of the most promising solutions in the Cloud computing space, that enables big and small Internet carriers, Service Providers and Hosting companies, to quickly and efficiently do metering and billing of cloud computing infrastructure.

What really caught my attention in Witsbits’ Go Cloud Platform is the strong resource metering capabilities with real time usage history. Combined with the strong level of sales automation  makes it a must-have product for hosting firms of today.”

– says Nils Svangård.

“Nils Svangård is a very valuable addition to our team and our investors. His start-up and technical sales experience helps Witsbits to more quickly attract new customers.”
– says Mikael Lirbank, CEO and founder of Witsbits.

About Witsbits

Witsbits ( is a pioneer in cloud computing software solutions. The company is the creator of Go Cloud™, a software suite that quickly turn of-the-shelf servers and infrastructure into a unified compute and storage cloud. It targets Server Hosting Providers and Internet Service Providers who wants to start selling Internet and server capacity in a utility-like fashion – and enable them to “Go Cloud”.

The Go Cloud™ platform provides end-users with access to the hosting providers’ server and Internet capacity in a secure and controlled manner.
Go Cloud™ is a customizable turn-key solution that enables hosting companies to provide their clients with a self-service compute and storage cloud, including billing, high-resolution utilization meters, web-API, management console, and more, from their own premises. All the components required to start selling self-serviced cloud computing are included.

About Go Cloud™ – the Cloud Hosting Platform
Go Cloud™ is a software based Cloud Hosting Platform that turns current infrastructure into a full-blown Public Cloud, including both Storage and Computing.

It enables Internet Carriers and Server Hosting Providers to start selling their capacity through the cloud (electricity) business model.

About Nils Svangård

Nils Svangård is a Swedish serial entrepreneur with a background of research in Artificial Intelligence at Chalmers University of Technology and past 10 years starting and building companies such as Aitellu AB, ICU Intelligence AB and most recently ICE House AB, a cutting-edge behavioral targeting and realtime advertising platform for advertisers and e-commerce sites.

Nils operates a privately held fund for angel investments with focus on emerging and disruptive technologies, since Svenska Spel AB’s (the Swedish Governmental-Owned Gaming Company) recent acquisition of Playscan AB from ICU Intelligence.

For more information contact:

Mikael Lirbank, CEO, Witsbits, +46 708 30 95 88,
Nils Svangård, Nirusu AB, +46 702 863 763,

Nicolai Wadstrom, Witsbits USA, +1 415 935 1469,

Witsbits® is a registered trademark of Witsbits AB. Go Cloud™ is a trademark of Witsbits AB. All other trademarks are property of their respective owners. Other product or company names mentioned may be trademarks or trade names of their respective companies.