What Company is Offering:
Tideway Systems provides a shared platform for technologists to visualize and report on the data they need to make informed decisions. Tideway Foundation software continuously maps application relationships to physical and virtual infrastructure, including the dependencies between them. This single, automated view of application topology enables enterprises to cut costs, reduce risk and better manage change. Tideway is rated as a category leader by prominent analyst firms.
How Much They Got From VCs:
Tideway, one of the fastest growing providers of IT automation software, announced the completion of a $27 million Series C round of financing led by new investor Scottish Equity Partners (SEP). The Series C round funding brings the total equity investment in Tideway to $37.5 million, including follow-on investments from APAX, senior management and other existing investors.
Tideway will use the proceeds to drive new customer acquisition, expand its partner ecosystem, power continued product innovation and meet escalating market demand for data center optimization. Demand is being fueled by the current economic climate, in which global enterprises are seeking to reduce IT costs and operational risk while remaining competitive with new product and service offerings.
About VCs:
SEP is a leading European venture capital firm with offices in London and Glasgow. The team has been investing together for 15 years and has a strong history of helping the most talented European entrepreneurs build world-class companies in the information technology, healthcare and energy-related technology sectors. SEP was recently named Venture Capital Firm of the Year. Previous investments include CSR, Atlantech Technologies, Wolfson Microelectronics, and Searchspace. SEP’s current portfolio includes leading-edge technology companies picoChip, ip.access and Zeus. www.sep.co.uk
More at:www.tideway.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment