BEZ Systems Secures Additional Financing to Support Upcoming Initiatives.Funds will Support New Products and Enhance Market Penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" BOSTON -- BEZ Systems, an innovator in the emerging market for Proactive Application and Database Performance Management solutions today announced it has received $2M in additional preferred financing from proven and successful software industry investors led by Ascent Venture Partners with Velocity Equity Partners and The Massachusetts Technology Development Corporation participating. The funds are being used to launch a new product line with multi-tier capabilities that will help IT managers directly and confidently address an ever-accelerating rate of change and complexity while controlling costs and ensuring that applications and databases perform as expected. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. F. Daniel Haley, BEZ 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. , "This additional funding reflects the confidence that our venture partners have in the value of the BEZ solution and market acceptance. It will help us complete some important upcoming initiatives and allow us to deliver a powerful solution for aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. the service delivered by IT with the specific requirements of business managers." About BEZ Systems (www.bez.com) Since 1993, BEZ Systems has been applying advanced analytics and modeling technology to IT performance issues. Analytics aggregate current and historic performance data into meaningful business workloads and modeling provides IT management with historic, current and over-the-horizon views of workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. service levels. The results provide IT decision-makers with the time and information to make informed business decisions, deploy resources more efficiently, and ensure that service delivery to the business is insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. from the chaotic effects of constant change. |
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