AlarmPoint Systems Completes Series C Funding.Leading Event Notification Event notification is a term used in conjunction with communications software for linking applications that generate small messages (the "events") to applications that monitor the associated conditions and may take actions triggered by events. and Resolution Systems Vendor Secures $7.5 Million in New Funding to Accelerate Expansion Plans PLEASANTON, Calif. -- AlarmPoint Systems, the recognized leader in event notification and resolution, today announced the completion of a $7.5 million financing round comprised of debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . JMI JMI Java Metadata Interface (Sun Microsystems) JMI Japan Market Intelligence JMI James Madison Institute JMI Jim Moran Institute for Global Entrepreneurship (Florida State University) Equity led the $4.5 million equity round with minor participation from other follow-on investors. In addition, the financing included $3 million in term financing from Bridge Bank, N.A., the commercial bank subsidiary of Bridge Capital Holdings (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BBNK). "AlarmPoint continues to exceed growth expectations and projected results," said Peter Arrowsmith, general partner of JMI Equity. "With seven of the largest ten Global 2000 customers standardizing on AlarmPoint, they have established themselves as leaders in this new, quickly growing area of IT Service Management." As the leader in the developing event notification and resolution market, AlarmPoint continues to deliver applications and services that enable enterprises to quickly and consistently manage IT events prior to business impact. The AlarmPoint applications reduce false alerts by targeting the appropriate IT personnel, communicating with remote personnel on their preferred voice or text device and enabling personnel to take actions to restore or repair service. With the recent launch of its flagship AlarmPoint version 3.1, the new financing will be used to accelerate the growth and acceptance of the products and services in the IT marketplace. "Today's mobile IT workforce needs to manage complicated infrastructure, data center operations and service impacting events from remote locations," said Troy McAlpin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AlarmPoint Systems. "More and more enterprises are focusing on automating the event notification and resolution process to instrument, automate and ensure resolution of IT events before the business is impacted. This financing will support our plans to accelerate our product development, service delivery and geographic expansion and we are pleased to have JMI Equity and Bridge Bank as financing partners." "AlarmPoint's continued growth rate is ground-breaking and impressive," said Scott Chamberlain Scott Chamberlain (born January 15, 1988 in Eastbourne) is a professional footballer who currently plays for Brighton & Hove Albion as a central midfielder. Chamberlain has progressed through the youth ranks at the club and was awarded a contract in the summer of 2006. , vice president at Bridge Bank. "With the ability to deliver customers a return on their investment in three months or less, AlarmPoint continues to acquire marquis customers and the list is more than 700 customers strong." About AlarmPoint Systems AlarmPoint Systems (www.AlarmPoint.com) enables leading enterprises to maximize their investment in IT service management, ensure availability of critical systems and increase productivity on the people side of IT. AlarmPoint is an enterprise-wide event notification and resolution platform for use in Incident, Support, Service Impact, Event and Continuity Management. The AlarmPoint product suite is built to automate event notification and resolution by managing the needs of today's mobile workforce - roles, skills, location, language, schedule, contact details, groups and more - with self-service personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. , event assignment and subscription for any and all users. AlarmPoint ties IT events to business users and provides an auditable trail of everyone involved in the resolution of an event. With a network of partner relationships, AlarmPoint tools are now managing complex notification and resolution installations globally. AlarmPoint Systems is headquartered in Pleasanton, Calif. with European operations based in Richmond, Surrey, U.K. About JMI Equity JMI Equity, based in Baltimore and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , is a private equity firm exclusively focused on investments in growing software and business services companies at all stages of their lifecycles. Founded in 1992, JMI has invested in more than 85 companies throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and has approximately $1.3 billion of committed capital under management. JMI provides the first institutional capital to self-funded companies, partners with management teams to acquire or recapitalize re·cap·i·tal·ize tr.v. re·cap·i·tal·ized, re·cap·i·tal·iz·ing, re·cap·i·tal·iz·es To change the capital structure of (a corporation). re·cap market leading companies and selectively makes investments in early-stage companies. Representative investments include AlarmPoint Systems, Blackbaud, DoubleClick, DriveCam, Jackson Hewitt  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and , Mission Critical Software, NEON Systems, Transaction Systems Architects, Unica Corporation and Vertafore. For more information on JMI Equity, visit www.jmiequity.com. About Bridge Bank, N.A. Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The bank is dedicated to meeting the financial needs of small and middle market, and emerging technology businesses in the Silicon Valley, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Sacramento, San Ramon-Pleasanton, San Diego, Bakersfield, Fresno, Orange County, and Dallas, TX business communities. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web at www.bridgebank.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion