BladeLogic Gets $6 Million in First-Round Funding From Battery Ventures and Bessemer Venture Partners; 50+ Top-Tier Customers Give 'Start-Up' Immediate Market Leadership.Business/Technology Editors LEXINGTON, Mass.--(BUSINESS WIRE)--Oct. 22, 2001 BladeLogic, Inc., an early-stage company with more than 50 enterprise customers, today announced that it has received $6 million in first-round funding, led jointly by Battery Ventures and Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. . Both venture firms have a proven track record of building highly successful software companies. BladeLogic (www.bladelogic.com) is creating the industry's first multi-platform solution for managing complex networks of servers running a variety of operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Its server management solutions help systems administrators instantly identify and fix widespread problems such as inconsistent software installations, vulnerability to viruses and performance problems resulting from software misconfigurations. This initial funding marks a significant step forward for the company, which has bootstrapped its way to its current success. Customers include Alliance Capital, AT&T Wireless, Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , BellSouth, Fleet Bank, Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , Global Crossing, ING Advisors Network, Lucas Films, Microsoft, Qwest and RSA Security. "Enterprises and service providers are desperately seeking solutions to address the growing challenges of managing large-scale server farms," said Robert Goodman, general partner, Bessemer. "This demand is increasing exponentially, given the explosion in numbers of servers and the lack of robust management tools for today's Internet architectures." BladeLogic has emerged as a leader in server management by developing an innovative set of solutions that allow systems administrators to provision, configure and manage thousands of servers across all of the leading operating environments, including UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , Linux and Windows, using familiar commands from a central location. "Companies can't keep up with their systems' infrastructure - and the ugly truth is that systems administrators spend far more time responding to emergencies than preventing them, especially with cutbacks in IT staffing," said Dev Ittycheria, 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. of BladeLogic. "The market urgently needs comprehensive server management solutions designed for today's IT architectures. Our products meet this objective." "BladeLogic is the first company to redefine what it means to manage a network of servers proactively - with a set of tools that can be used with any server, any operating system, anywhere in the world," said Dave Tabors, general partner at Battery Ventures. "Its products provide a clear and demonstrable ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). immediately." BladeLogic's founding team brings together several of the executives who helped shape the Web-hosting industry. Ittycheria and Vijay Manwani, chief technology officer, were pioneers in Internet applications and infrastructure management solutions. Ittycheria was most recently an Entrepreneur-in-Residence at Bessemer, and Manwani was an Entrepreneur-in-Residence at Battery. BladeLogic acquired core technology from Network Shell, based in San Mateo, Calif. The founder of Network Shell, Thomas Kraus, is BladeLogic's chief product evangelist. "Tapping the strengths of Battery and Bessemer will accelerate our ability to bring BladeLogic's technology to a broader market," said Ittycheria. Both David Tabors and Robert Goodman serve on BladeLogic's board of directors. BladeLogic will continue to aggressively develop new solutions for all of the leading operating environments and cultivate strategic technology partnerships around the world. BladeLogic is headquartered at 181 Spring Street, Lexington, Mass. 02421. Phone: (781) 372-5161. http://www.bladelogic.com. About BladeLogic Headquartered in Lexington, Mass., BladeLogic provides solutions that enable enterprises and service providers to securely provision and manage thousands of heterogeneous, distributed servers running different software configurations across a variety operating systems including UNIX, NT and Linux from a single, open command and control console. The company has a proven track record of solving the server management problems of more than 50 of the most sophisticated and demanding Fortune 500 enterprise customers across North America and Europe. For more information visit the Web site at www.bladelogic.com. About Battery Ventures Battery Ventures is a premiere venture capital firm largely focused on early stage technology investments. With a team of more than 60 professionals and nearly two decades of success, Battery has the people, experience and capital to guide emerging technology companies to category dominance. For more information, visit http://www.battery.com. About Bessemer Venture Partners Bessemer Venture Partners, with offices in Calif., Mass. 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 , is the leading national, early-stage venture capital firm in communications technology and Internet infrastructure. The firm manages more than a billion dollars of venture funds, carrying on a tradition of hands-on, active venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so that has continued since 1911. Many leading-edge communications companies, including Cascade, Ciena, Flarion, OMM OMM Organisation Météorologique Mondiale (French: World Meteorological Organization) OMM Organización Meteorológica Mundial (Spanish: World Meteorological Organization) OMM Organizzazione Meteorologica Mondiale , Parametric, QED QED abbr. Latin quod erat demonstrandum (which was to be demonstrated) QED which was to be shown or proved [Latin quod erat demonstrandum] Noun 1. , Sirocco sirocco (sərŏk`ō) [Ital., from Arab. sharq=east], hot, dust-laden, dry, southerly wind originating in the N African desert (most commonly in the spring) and reaching Italy and nearby Mediterranean areas. , Sonus Networks and VeriSign selected BVP BVP bovine viral papillomatosis. as their early-stage venture partner. For more information, visit www.bvp.com. All trademarks are the property of their respective owners. |
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