Xconomy Boston

BEZ Systems Receives $7,500,000 Series C Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=39be4978-944b-4bfb-8be4-943921d39273&Preview=1
Date
9/18/2006
Company Name
BEZ Systems
Mailing Address
345A Summer Street Boston, MA 02210
Company Description
BEZ Systems is an emerging, venture-backed software company that offers innovative Predictive Performance Management (PPM) solutions that provide a line-of-business view of application resource utilization that allows the enterprise to accurately profile application performance, compare change and growth alternatives, forecast results to set expectations and verify actual performance results versus predictions so that SLAs can be met to ensure business continuity.
Website
http://www.bez.com
Transaction Type
Venture Equity
Transaction Amount
$7,500,000
Transaction Round
Series C
Proceeds Purposes
The funds will be used for working capital, further development of its flagship product BEZProphet” and to develop new products that capitalize on BEZ’s pioneering position in PPM software with advanced analytics and predictive technology.
M&A Terms
Venture Investor
Ascent Venture Partners
Venture Investor
Brooke Private Equity Advisors
Venture Investor
JMI Equity
Venture Investor
Velocity Equity Partners