OpenService Raises Series D

OpenService, a Marlborough, Mass.-based provider of enterprise event management solutions, has raised an undisclosed amount of Series D funding. Return backers include Advent International and Hudson Ventures. The company had previously raised around $19 million.



OpenService, a leader in Enterprise Event Management, today announced that the company has finalized a new round of funding that it will use to expand marketing, sales, and engineering programs for the coming years. To guide the new initiatives, OpenService has named serial entrepreneur Bill Seibel to serve as Executive Chairman and promoted Mike Schmitt from President to President and CEO.

What attracted me most to OpenService were the enthusiastic assessments of the company's products and services by customers I spoke with, Seibel said. As their resources keep getting stretched, the more they count on event management systems to correlate the avalanche of their event data. By enabling them to identify risks to the availability of critical business services, InfoCenter products help keep revenue flowing. That's important to every enterprise that relies on technology.

CEO Schmitt said the new round of investments will provide us with the resources we need to promote one of the industry's best-kept secrets. Schmitt added, Bill and I also look forward to expanding the company's efforts to help companies keep their businesses running by reducing IT risk without giving up comprising business agility.

About OpenService

OpenService improves the reliability, performance and security of the world's most complex enterprise networks. The company specializes in Enterprise Event Management (EEM) software that scales to high volume, global implementations in use by hundreds of the world's best-known enterprises. OpenService's InfoCenter