Last Tuesday we announced that SevOne posted our 6th consecutive year of record financial results. We attribute this growth to our existing customers adding more elements to manage their burgeoning networks as well as adding a record number of new customers.
Based on this success leading business software investor Bain Capital invested $150 million in SevOne.
“SevOne is the only solution that enables its customers to see all services in real-time within global distributed networks of any scale. The world’s largest and most sophisticated customers choose SevOne for its fast time to value and unique peer to peer architecture that scales to address big data network growth,” said Ben Nye, Managing Director at Bain Capital Ventures.
"We were attracted by the incredibly high satisfaction levels of SevOne’s customers, the unique differentiation of their technology, and the talented management team. We look forward to partnering with the SevOne team to maintain their growth and accelerate their go to market operations,” added Ben Holzman, Partner, Bain Capital Ventures.
As you all know, SevOne provides a highly scalable, easy to deploy IT monitoring and reporting solution that provides high levels of visibility for enterprises, service providers or any entity dealing with challenges around network latency, new service rollout, business interruptions and increasing volume of data on their networks. Our IT Performance Appliances scale cost-effectively without limitation or performance degradation so customers, for the first time, can monitor and manage any IT infrastructure, no matter how massive or complex.
Last week's annoucement came with press coverage from Forbes, Tech Crunch, The Wall Street Journal and Gigaom.