Entuity Enhances Management of Enterprise Networks with Backing from LMS.Business Editors/High-Tech Writers 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 & LONDON--(BUSINESS WIRE)--April 16, 2004 Entuity Inc., the developer of holistic network management solutions for the enterprise, today announced that London Merchant Securities (LMS), a multi-billion dollar diversified investment company Diversified investment company An investment vehicle such as a mutual fund that invests in an assortment of securities. (LMSO LMSO Laughing My Socks Off LMSO Lockheed Martin Space Operations LMSO Lockheed Martin Stennis Operations LMSO London Mozart Symphony Orchestra (UK) .L), has invested an additional $3.2 million in Entuity and, as such, is now the majority stockholder of the company with 75% ownership. Saffron Hill also participated in the round. To date, Entuity has received investments totaling $25 million. With this strong backing, Entuity has an increased financial foundation that is already delivering results. For example, the company is expanding its sales, marketing, worldwide distribution and R&D for EYE of the Storm (EYE), Entuity's comprehensive and unique network management solution. With this, Entuity is posting record setting quarters in customer and revenue growth. The company continues to see additional investment from existing customers that are adding additional EYE network management components to their EYE infrastructure. "Entuity is the company customers turn to for a quality network management solution," says Gerry O'Connell, 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. , Entuity. "We distinguish ourselves from the rest of the network management providers based on the quality of the solution we deliver customers. Our EYE product is the only network management solution that combines the results of performance, availability and resource management in one powerful repository." O'Connell emphasizes, "In addition to offering customers an affordable price point, EYE further breaks away from the pack as it's sold and supported by a savvy and ethical Entuity team and a global best-of-breed channel." "Entuity continues to win blue chip customer accounts and we are extremely pleased with the company's progress," says Michael Bennett, Investment Director, LMS Capital. "Our investment to fund further growth, demonstrates our confidence in the management team, the technology and the market opportunity." About Entuity, Inc. Entuity, Inc. provides holistic network management solutions and maximizes the technology investments of the enterprise, delivering 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). after only hours of deployment. Entuity's Eye of the Storm (EYE) offers the only comprehensive network management solution that provides the triple advantage of performance, availability and resource utilization through one sleek interface. EYE discovers, manages, and maps network assets to the applications that power the business, while delivering robust real-time reporting to proactively manage networks, drive SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. negotiations and vendor license usage agreements. EYE is easy to adopt as the cornerstone of a new, integrated network management strategy or as an essential complement to an existing infrastructure. Entuity is headquartered in London and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Visit www.entuity.com or info@entuity.com for additional information. About London Merchant Securities Plc London Merchant Securities is a leading property, venture and development capital investment company listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and a member of the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 250. The property portfolio is valued at more than GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 850 million and contains a blend of offices, based largely in central London, and retail and leisure property across prime UK towns. The venture and development capital arm was valued at more than GBP 180 million as at 30th September 2003 and comprises investments in both the US and UK, with a spread of early stage and second round technology investments, development capital and mature company buy-outs. Entuity and Eye of the Storm are registered trademarks of Entuity, Inc. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion