AmberPoint Secures $8.2 Million in Third-Round Funding.OAKLAND, Calif. -- Existing Investors Are Joined by Motorola Ventures in Series C Financing for Leading Service-Oriented Management Vendor AmberPoint, Inc. today announced that it has completed an $8.2 million third round of funding from existing investors Crosslink Capital, Norwest Venture Partners and Sutter Hill Ventures, as well as new investor Motorola Ventures, the equity investment arm of Motorola, Inc. (NYSE NYSE See: New York Stock Exchange :MOT (OpenView Managed Object Toolkit) An OpenView toolkit from HP for developing network management applications based on CMIS. The toolkit contains library routines that handle the transmission and receipt of CMIS requests and responses. ). To date, the service-oriented management leader has raised $30.8 million in funding. The funding will be used to expand engineering operations, customer support, sales and marketing. AmberPoint will also continue its worldwide expansion. In addition to opening new domestic sales offices in Chicago and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the company recently added European technical support and opened sales offices in London and Paris. "AmberPoint has continued to demonstrate product leadership, customer traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. and the resulting revenue growth," said Promod Haque, managing partner at Norwest Venture Partners. "As the adoption of service-oriented systems grows, the comprehensive management capabilities AmberPoint provides become more and more crucial for enterprises. With its growing roster of marquee customers, strong industry alliances and excellent management team, AmberPoint is well positioned to expand its lead in the market." "During our process of selecting AmberPoint as our enterprise-wide Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. management solution at Motorola, we evaluated not only product capabilities but also the pedigree pedigree Record of ancestry or purity of breed. Pedigrees of domesticated animals are maintained by governmental or private record associations or breed organizations in many countries. of the company, the experience of its management team and its opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this growing market," said Warren Holtsberg, corporate vice president and director of Equity Investing, Motorola, Inc. "What we found in AmberPoint was a very strong company that intrigued us on multiple fronts." "This funding demonstrates broad interest from the investment community and strong support from our existing investors," said John Hubinger, AmberPoint President and 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. . "We're extremely pleased to have closed this up round of funding in such a competitive marketplace. With these additional funds, AmberPoint is well positioned to deliver additional market-leading solutions, expand our global reach, continue to deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. our alliances with other industry leaders and build on our strong initial revenues." In other news today, AmberPoint announced a new release of its software (see related release, "AmberPoint Announces New System Release with Enhanced Capabilities for Larger Scale Service-Oriented Applications"). With its uniquely non-invasive approach for managing distributed, heterogeneous service-oriented systems, AmberPoint integrates into any environment to quickly deliver comprehensive management, monitoring and security capabilities without requiring additional coding to Web services or other system components. AmberPoint is the first service-oriented management vendor with solutions that run natively in both .NET and Java, enabling its software products to fully leverage the advantages of both prevailing service-oriented platforms. About AmberPoint AmberPoint is the leading provider of management software for service-oriented architectures See SOA. (SOAs). With its modular, distributed architecture, AmberPoint radically simplifies the management and evolution of service-based business solutions. For more information, contact AmberPoint at 510-663-6300 or info@amberpoint.com, or visit the company website at www.amberpoint.com for a complimentary developer's edition of AmberPoint software. |
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