FieldView Solutions Adds $2M

FieldView Solutions, a maker of data center infrastructure management software, has closed on $2 million in fresh capital from SJF Ventures, Milestone Venture Partners and Osage Venture Partners. The money will help the company expand its development team, among other efforts. Edison, New Jersey-based Fieldview closed a $2.75 million Series A round in 2009.

PRESS RELEASE
FieldView Solutions, a provider of industry-leading data center infrastructure management (DCIM) software, today announced it has completed a $2 million growth capital round from investor partners SJF Ventures, Milestone Venture Partners and Osage Venture Partners. The new funding will be used to help the company expand its growing market share and expand FieldView’s go-to market and development team.

FieldView Solutions’ core platform — FieldView — allows data center managers, IT personnel, facilities managers and even C-level executives, a view into the performance of their mission-critical data center environments. Every aspect of data center operations — from the IT device and rack through the power and cooling infrastructure — is instantly visible and accessible. The powerful metrics and reporting engine provides real-time information, enabling data center operators to optimize rack/room space utilization, energy efficiency, and infrastructure resiliency.

“The extraordinary successes we have had over the past 18 months since our initial funding is due to the value proposition we bring to customers and to the fact that our solution is able to be deployed across a broad spectrum of locations at the enterprise level,” said Fred Dirla, CEO of FieldView Solutions. “We are privileged to have some of the top international names in financial services, co-location, publishing, insurance and more as our customers. These customers as well as respected industry investors, who continue to invest in FieldView, are a true indicator to the value we bring within the DCIM space. This latest round of funding will ensure our accelerated trajectory, while delivering the highest quality product in the market.”

“FieldView Solutions has experienced strong demand by addressing a significant pain point in the rapidly growing data center market,” said Nate Lentz, Managing Partner of Osage Venture Partners. “The company continues to meet our strict investment criteria: showing significant positive momentum, offering an innovative solution to address an unmet need in the market, and demonstrating a compelling return on investment to their customers.”

Follow FieldView Solutions on Twitter at http://twitter.com/FieldViewSolu.
Join FieldView DCIM Professionals on LinkedIn.

About FieldView Solutions

FieldView Solutions provides managers of today’s complex, mission-critical data centers with browser-based, scalable software tools that deliver a real-time view into all aspects of data center infrastructure management (DCIM). The company’s flagship product, FieldView, has helped data center operations professionals in many of the largest data centers in the U.S., Europe and Asia since 2003. The FieldView Solutions team is comprised of industry professionals with demonstrated experience in both the design and operation of data centers and the development of technology platforms that service them. FieldView Solutions meets the needs of a broad range of users, from smaller, single-site operators through large-scale global corporate clients. For more information, visit http://www.fieldviewsolutions.com.

About SJF Ventures

SJF Ventures is a venture capital partnership with offices in Durham, NC, New York and San Francisco. Through its investment funds, the firm provides equity financings from $1MM to $10MM, solo or in syndicates, to companies seeking expansion capital.

As a venture fund, SJF Ventures focuses on the cleantech, business and Web-enhanced services, and premium consumer products sectors. Representative investment areas include renewable energy and efficiency, recycling, grid and infrastructure technologies, organic and healthy consumer products, digital media and marketing services, and outsourced business services.

When assessing investment opportunities, SJF Ventures is highly selective in identifying teams, markets and business models that can achieve rapid sales, strong profitability, and premium exits. In addition, SJF looks to partner with entrepreneurs who are committed to impacting the world positively through the businesses that they are creating.

SJF Ventures’ partners assist portfolio companies in building the board and executive management team, refining strategic planning, exploring capitalization structures, pursuing growth mergers and acquisitions, and enhancing market presence. For more information visit www.sjfventures.com.

About Milestone Venture Partners
Milestone Venture Partners, located in New York City, is an early-stage venture capital fund with $70 million under management. Milestone’s investment strategy is focused on capital-efficient, technology-enhanced services businesses in the Greater New York region. Areas of expertise include media and marketing services, digital healthcare, and financial services IT. Milestone has invested in 13 digital healthcare businesses accounting for over 50% of its capital. For more information about Milestone, visit www.milestonevp.com.

About Osage Ventures
Osage Venture Partners, located near Philadelphia, PA, is a leading provider of venture capital to early stage technology and healthcare IT companies in the Mid-Atlantic region.

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