ATLANTA, Oct. 27, 2015 /PRNewswire/ -- OpsDataStore, the company delivering complete and real-time operational transparency across the IT stack, has launched with $3 million in Series A funding. The round is led by Forte Ventures and includes investments from Citrix Systems, Persistent Systems, Osage Venture Partners, and individual investors, Frank Swain, former vice president of sales at Splunk and AppDynamics, and Mike Phelan, venture partner at Osage Venture Partners and former CEO at SevOne. Led by IT operations and applications management expert Bernd Harzog, OpsDataStore enables the enterprise to deliver superior online service quality based on a common data store for all management data and vendors.
"Despite massive investments in outdated frameworks from legacy vendors and scores of point tools, along with time spent building internal tooling, enterprises still suffer from numerous service outages that are difficult, expensive and time-consuming to resolve. Based on our work with hundreds of enterprise customers over the last several years, it's clear the only way to transform modern IT management is a best-of-breed ecosystem of innovative new management tool vendors anchored by a common high-speed big data platform," said Bernd Harzog, CEO at OpsDataStore.
Service quality across heterogeneous stacks and platforms has plagued enterprises for decades. Outdated legacy management frameworks, collections of unrelated point tools, homegrown solutions and other piecemeal approaches are time consuming, expensive and ineffective. To improve performance and availability of these systems, data from all platforms and tools must be combined into one real-time data store.
"OpsDataStore is closing a 25-year-old gap in the industry, which was created by management vendors underestimating the rapid pace and diversity of technology innovation," said Gabriel Lowy, CEO at Tech-Tonics Advisors. "Bernd has assembled a powerhouse team that uniquely understands the complex challenges faced by today's enterprises. We believe OpsDataStore is at the forefront of the next wave of innovation in IT operations, service management and user experience assurance."
The OpsDataStore executive team is built on decades of experience in application management, big data systems and enterprise solutions. In addition to serving as a research director at Gartner, CEO Bernd Harzog founded APM Experts, a strategy-consulting service to leading vendors in the modern management software industry. Spearheading OpsDataStore's technical vision is CTO Dave Wagner, who spent over a decade at BMC Software as director of product management for the company's complete line of distributed systems monitoring and management solutions. Additional executives include: Todd Nist, vice president of architecture; Rich Salerno, vice president of global accounts, NYC; and Joel Fortune, vice president of global accounts, Chicago.
"The launch of OpsDataStore addresses this critical need by providing enterprises with an online service quality solution that delivers complete transparency across disparate IT stacks and highly distributed environments," said Tom Hawkins, managing partner at Forte Ventures. "As a venture capital platform with a strategy to collaborate and co-invest with corporate strategic partners across North America, Forte Ventures is honored to lead such a high-caliber investor syndicate in the Series A financing for OpsDataStore--to pursue its mission to revolutionize and modernize the management software industry."
"Osage Venture Partners has invested in various, highly successful new management software companies, and OpsDataStore has all of the winning attributes," said Nate Lentz, managing director of Osage Venture Partners. "It is clear to us that as businesses move online, and that online service quality is increasingly a major issue for global enterprises. We are pleased to be able to support OpsDataStore and its world class management team in their plan to disrupt and reinvent the management software space to the benefit of customers worldwide."
OpsDataStore provides enterprises with complete and real-time operational transparency across the IT stack by providing a common data plane for all management data and vendors. OpsDataStore and its ecosystem of partners replace outdated frameworks with a modern solution to improve service quality, increase business agility and drive revenue. Founded in 2015, OpsDataStore is headquartered in Atlanta, Georgia. To read more, visit the OpsDataStore blog at http://opsdatastore.com/blog/.