Coradiant Completes $15 Million Private Placement Financing.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. -- Coradiant, Inc, the leading maker of User Performance Management equipment, announced today the completion of a $15 million private placement investment led by Mesirow Financial Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, Mesirow Financial is an independent employee-owned firm with more than $22 billion in assets under management and more than 1,100 employees in locations across the United States Private Equity. Joining them were current investors Desjardins, DCM DCM abbr. Distinguished Conduct Medal , GrandBanks Capital and Miramar Venture Partners. "This funding will allow us to further accelerate our rapid growth," said Brett Helm, Coradiant's 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. and chairman of the board. "We've achieved category leadership in user performance management for online systems, and are making significant investments in bringing new capabilities for managing quality of experience." "We are very excited to be investors in Coradiant," said Tom Galuhn of Mesirow Financial Private Equity. "We believe that Coradiant has tremendous potential because of the combination of real-user monitoring technology, a world-class customer base, and the huge demand for more efficient, business-relevant capabilities to manage online quality and performance." "Since our Series A investment in Coradiant, we've seen the company make substantial progress and continue to be extremely excited about its potential," said Charley Charley elderly poodle that accompanied Steinbeck on trip across U.S. [Am. Lit.: John Steinbeck Travels with Charley in Weiss, 471] See : Dogs Lax of GrandBanks Capital. "This funding is a very important milestone for Coradiant that will enable them to expand their market leadership." About Coradiant Coradiant brings understanding to online user performance. Coradiant's Real-User Monitoring equipment gives web operations Web operations is a domain of expertise within IT systems management that involves the deployment, operation, maintenance, tuning, and repair of web-based applications. With the rise of web technologies since mid-1995, specialists have emerged that understand the complexities of teams the real-time insight into user experience that they need to find and fix problems quickly, and Performance Analytics turns detailed web transaction data into intuitive, real-time visualizations that are relevant across the entire organization. Coradiant's award-winning Real-User Monitoring and Performance Analytics products are the first choice for customers in all online market segments. See Coradiant at www.coradiant.com. |
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