BEZ Systems Secures Additional Financing to Support Upcoming Initiatives
BOSTON, Mass. – January 29, 2008 — BEZ Systems, an innovator in the emerging market for Proactive Application and Database Performance Management solutions today announced it has received $2M in additional preferred financing from proven and successful software industry investors led by Ascent Venture Partners with Velocity Equity Partners and The Massachusetts Technology Development Corporation participating. The funds are being used to launch a new product line with multi-tier capabilities that will help IT managers directly and confidently address an ever-accelerating rate of change and complexity while controlling costs and ensuring that applications and databases perform as expected.
According to F. Daniel Haley, BEZ President and CEO, "This additional funding reflects the confidence that our venture partners have in the value of the BEZ solution and market acceptance. It will help us complete some important upcoming initiatives and allow us to deliver a powerful solution for aligning the service delivered by IT with the specific requirements of business managers."
About BEZ Systems
Since 1993, BEZ Systems has been applying advanced analytics and modeling technology to IT performance issues. Analytics aggregate current and historic performance data into meaningful business workloads and modeling provides IT management with historic, current and over-the-horizon views of workload service levels. The results provide IT decision-makers with the time and information to make informed business decisions, deploy resources more efficiently, and ensure that service delivery to the business is insulated from the chaotic effects of constant change.
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