Montner & Associates, Tech PR
ACCELOPS RECEIVES NEW ROUND OF FUNDING AND GRANT TO EXPAND SALES AND OPERATIONS IN US AND CHINA
SANTA CLARA, CALIF. – July 7, 2010 – AccelOps, the integrated data center and cloud service monitoring leader, today announced that it has received additional funding from strategic and existing investors. The current round brings the total investment in the company to more than $11 million. The recent financing is for sales and operations expansion to meet the rapidly growing demand for the company’s integrated data center monitoring platform.
Taking advantage of the disruption in the data center and cloud management market due to virtualization, cloud computing, IT outsourcing and consolidation, the company has doubled its quarter-over-quarter revenue since releasing its solution. Targeting mid-tier enterprises, data center hosting providers and managed service providers, AccelOps’ integrated approach yields unprecedented operational visibility and efficiency empowering organizations to increase service reliability, expedite incident response and optimize resources.
As part of this new round of financing, AccelOps also announced RMB 5 million grant from the local high tech park in Shanghai, China (ZhangJiang High Tech Park). The company’s Shanghai office, which provides platform customization and support, is preparing to launch AccelOps in China and other Asian regions.
"In a relatively short time, we have delivered an integrated, comprehensive and scalable data center monitoring platform," said Imin Lee, CEO and co-founder of AccelOps. "This funding enables us to extend our proven vision to the marketplace and ensure the best value, on-going support and commitment to our customers’ and partners’ success."
About AccelOps – Intelligent. Proactive. Secure.
AccelOps provides award-winning data center and cloud service monitoring software delivered as a virtual appliance or SaaS. The all-in-one solution monitors data center, network infrastructure and cloud environments across service, performance, availability, security and change management. The integrated approach aggregates, cross-correlates and manages diverse operational data, both on-premise and in the cloud, to yield end-to-end visibility, efficient root-cause analysis, reduced MTTR, operational efficiency and compliance automation. The Silicon Valley-based company is privately held, venture-backed and led by experienced technology executives who created the popular Cisco MARS security information management appliance.
AccelOps Inc. is a privately held Delaware corporation. AccelOps, the AccelOps logo, OpsBridge and OpsAdvisor are trademarks of AccelOps, Inc. Other names mentioned may be trademarks and properties of their respective owners.