Xconomy Boston

BEZ Systems Receives $2,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4cb48aba-293c-4e41-90fc-17d7f628a9df&Preview=1
Date
1/30/2008
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
$2,000,000
Transaction Round
Undisclosed
Proceeds Purposes
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.
M&A Terms
Venture Investor
Ascent Venture Partners
Venture Investor
Velocity Equity Partners
Venture Investor
Massachusetts Technology Development Corporation