Wednesday, March 26, 2008

OpenService, a Marlborough, Mass.-based provider of enterprise event management solutions, has raised an undisclosed amount of Series D funding

What Company Is Offering:
OpenService improves the reliability, performance and security of the world's most complex enterprise networks. The company specializes in Enterprise Event Management (EEM) software that scales to high volume, global implementations in use by hundreds of the world's best-known enterprises. OpenService's InfoCenter is comprised of NerveCenter, LogCenter and ThreatCenter providing event correlation, log management, compliance solutions and security for the entire enterprise.

How Much They Got From VCs:

OpenService, a Marlborough, Mass.-based provider of enterprise event management solutions, has raised an undisclosed amount of Series D funding. Return backers include Advent International and Hudson Ventures. The company had previously raised around $19 million.

Where They Will Use Fund:

CEO Schmitt said the new round of investments "will provide us with the resources we need to promote one of the industry's best-kept secrets." Schmitt added, "Bill and I also look forward to expanding the company's efforts to help companies keep their businesses running by reducing IT risk without giving up comprising business agility."

More at:http://www.openservice.com/

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