ANNAPOLIS, Md., Aug. 11 /PRNewswire/ -- Zenoss, Inc., a leading
provider of open source IT operations management software, today announced
the closing of a $4.8 million financing round, led by Boulder Ventures and
Intersouth Partners. Zenoss will use the capital to further product
development, expand infrastructure and support for its growing community,
and build out commercial operations.
Also participating in the round are NEA founder Frank Bonsal;
SourceFire CMO Michele Perry; Amplifier Venture Partners represented by
former IBM Tivoli executive Marty Frederickson, and the Maryland Department
of Business and Economic Development (DBED). In connection with the
funding, Jonathan Perl from Boulder Ventures and Don Rainey from Intersouth
Partners will join Zenoss's board of directors.
"IT management is the next large software category to be disrupted by
open source," said Jonathan Perl, General Partner, Boulder Ventures.
"Zenoss is very well positioned to lead this revolution and capitalize on
an important market opportunity."
"Companies will spend over $8 billion on IT management software this
year, yet most organizations still struggle to monitor and manage their
growing IT infrastructures," said Bill Karpovich, Co-Founder and CEO of
Zenoss. "We provide a new alternative to the bloated and over-priced
products from IBM, CA, BMC, and HP that dominate the market today."
Erik Dahl, Zenoss Co-Founder and CTO, first began development of the
company's software product in 2002. Zenoss's application provides the
complete set of functionality needed to monitor an organization's entire IT
infrastructure, including network devices, servers, applications and
environmental controls in a single, integrated package. Mid-market
organizations in particular benefit from this offering because they
previously could not afford this depth of functionality.
Unlike first-generation open source management utilities that were hard
to use and lacked support, Zenoss's system is easy for administrators to
set up and maintain. While other venture-backed open source IT management
providers now release only a watered-down version of their software as open
source, Zenoss offers a complete solution that is available as an entirely
free, downloadable product. Similar to other successful open source
companies -- such as Red Hat and JBoss -- Zenoss generates revenues by
providing commercial-grade subscription-based support, training, partner
programs, and other value-added offerings.
About Zenoss, Inc.
Based in Annapolis, MD, Zenoss is an IT operations management software
company that is lowering the cost and complexity of enterprise systems
management through its unique software product and the power of open
source. For more information please visit http://www.zenoss.com .
About Boulder Ventures
Boulder Ventures manages over $250 million in venture capital
partnerships, making equity investments in start-up, early stage and
emerging growth companies. Boulder Ventures primarily seeks opportunities
in enterprise software, Internet-based business applications and services,
communications infrastructure and services and life sciences tools and
services. Boulder Ventures has offices in Owings Mills, MD and Boulder, CO.
For more information, please visit http://www.boulderventures.com .
About Intersouth Partners
Located in Durham, North Carolina and Reston, Virginia, Intersouth
Partners is one of the largest, most active and most experienced early
stage venture funds in the country, having invested in more than 80 private
companies over the last two decades. Founded in 1985, Intersouth Partners
manages more than $780 million in seven venture capital limited
partnerships. Intersouth seeks a broad range of seed and early-stage
investment opportunities throughout the Southeast, focusing on the
information technology and life sciences sectors. Visit
http://www.intersouth.com for more information.
SOURCE Zenoss, Inc.
