Follow The Money: 10 Recent VC Tech Investments To Watch In February 2013

Email this CRN article


HQ: Wilmington, Del.

CEO: Mike Phelan
New Funding: $150 million
Round: undesignated
Backers: Bain Capital, others

SevOne makes IT infrastructure management software, and after announcing it had closed 2012 as its sixth consecutive year of growth, also disclosed a whopping $150 million infusion from Bain Capital. The company, which takes its name from what in network manager parlance is a "severity one" performance level, offers virtual and physical appliances for monitoring between 5,000 and 60,000 network elements.

"We were attracted by the incredibly high satisfaction levels of SevOne's customers, the unique differentiation of their technology, and the talented management team," Ben Holzman, partner, Bain Capital Ventures, said in a statement in January.


Email this CRN article