AppNeta Secures $6.2M in VC

AppNeta, a cloud-based provider of network performance management technology, has closed on $6.2 million in new venture funding. Investors include Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The money will help AppNeta expand its cloud-based network performance management service. AppNeta is based in Wellesley Hills, Mass.

PRESS RELEASE
AppNeta, the only cloud-based provider of instant-value network performance management solutions, today announced the company has raised $6.2 million in new funding led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The new investment will propel AppNeta forward with an expanded, cloud-based network performance management service to meet the growing demands of today’s distributed and remotely managed network infrastructures.

AppNeta, officially launched today from the team and technology of Apparent Networks, Inc., has grown its installed customer base to more than 1,000 managed service providers and enterprise customers in the first year of operations. Network engineers around the world are realizing the immediate value and unmatched insight of AppNeta’s zero-administration PathView Cloud Network Performance Management solution. PathView Cloud is the only cloud-based performance management service designed to meet the performance demands of today’s mainstream network-dependent applications including unified communications, cloud services and virtual service delivery.

“I can’t imagine rolling out cloud-based services without AppNeta,” said Benjamin Nye, Managing Director at Bain Capital Ventures. “AppNeta is using the benefits of cloud computing to solve the performance problems created by unified communications and cloud-based services, delivering efficiency and cost savings to customers within minutes of deployment.”

The recent investment enables AppNeta to accelerate technology development and service capabilities. As a leader in cloud-based network performance management services, AppNeta will continue to focus on a responsive, agile approach to customer feedback, product expansion and easy to deploy network and application performance management solutions.

“We have had phenomenal success in our first year of service, growing our customer base ten-fold by delivering immediate insight into network and application performance that our customers cannot live without,” said Jim Melvin, CEO of AppNeta.

About AppNeta
AppNeta delivers instant-value network performance management solutions required to drive exceptional application performance across all data center, cloud, remote office and mobile environments. AppNeta’s award-winning PathView Cloud solutions leverage a zero administration, cloud-based service to meet the performance demands of today’s distributed network infrastructure and mainstream network-dependent applications including unified communications, cloud services and virtual service delivery. With more than 1,000 customers worldwide, AppNeta provides unmatched performance insight to network engineers and IT outsourcers, enabling predictable and efficient delivery of today’s business-critical application services, from wherever they originate to wherever they are consumed. www.appneta.com

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