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BladeLogic Raises $85 Million

BladeLogic Inc., a Lexington, Mass.-based provider of data center automation software, raised $85 million via its IPO. It priced five million common shares at $17 per share, after revising its range upward from $12-$14 per share to $16-$17 per share. Its initial market cap is approximately $440 million. BladeLogic will trade on the Nasdaq under ticker symbol BLOG, while Morgan Stanley and Merrill Lynch served as co-lead underwriters. The company has raised around $35 million in total VC funding since its 2001 inception, from firms like Battery Ventures (21.3% pre-IPO stake), Bessemer Venture Partners (21.7%), Globespan Capital Partners (17.2%) and MK Capital (7.2%).