|By PR Newswire||
|January 23, 2013 03:01 AM EST||
-- Enterprises Continue to Choose AppDynamics for Application Performance Management
SAN FRANCISCO, Jan. 23, 2013 /PRNewswire/ -- AppDynamics Inc., the next-generation Application Performance Management solution that simplifies the management of complex apps, today announced a $50 million Series D growth financing round. The round was led by new investor Institutional Venture Partners (IVP), and also included AppDynamics' current investors: Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. The financing will support AppDynamics' rapid expansion into the global enterprise market, increase investment in R&D, and accelerate hiring to meet the high demand for the AppDynamics Application Performance Management platform.
The new funding round – the largest in the company's history – follows two years of explosive sales growth for AppDynamics which grew at a 300% CAGR. To continue to manage its rapid growth, AppDynamics also strengthened its executive leadership team last year with the additions of industry veterans Joe Sexton, former head of global Sales at McAfee, as President of Worldwide Field Operations, and Ed Rowe, former head of R&D for Adobe developer products, as Senior Vice President of Engineering. Since its founding in 2008, AppDynamics has expanded to more than 200 employees worldwide with headquarters in San Francisco and offices in UK, France, and Germany.
"AppDynamics is poised to become the leader in a multi-billion dollar market with its unique technology and its customer-friendly sales model. IVP is a believer with conviction in AppDynamics' vision, market opportunity, and leadership team. The rapid growth and customer momentum at AppDynamics points to a bright future for AppDynamics," said Steve Harrick, General Partner at IVP. "Supporting a company that solves practical, real-world problems in large markets fits squarely with IVP's investment strategy and we believe AppDynamics is on a trajectory to become the next great enterprise software company."
"Businesses all over the world are adopting cloud and agile architectures to run their mission-critical applications and AppDynamics is becoming the leading management platform to help them through that transition," said Jyoti Bansal, CEO of AppDynamics. "In 2012 we saw rising demand for AppDynamics solution, particularly from organizations looking for the next generation of an Application Performance Management Platform that can effectively scale with their growth."
AppDynamics stands at the forefront of a generational change regarding how web applications are managed: modern applications are no longer monolithic in nature but are highly distributed and dynamic, fueled by architectural trends like Cloud, Big Data and Agile Development. AppDynamics is leading the charge in next-generation management technology to address this generational shift in web architectures. In addition, AppDynamics has combined its unique technology platform with an "easy-to-use" approach which enables Development and Operations teams to be up and running on AppDynamics within minutes.
The combination of ease-of-use and the capability to solve complex application problems has led to phenomenal growth for AppDynamics. The company currently monitors over 51 billion transactions per day among the customers of its Pro product, which includes companies such as Cornell University, Edmunds.com, ExactTarget, Glassdoor.com, Overstock, Priceline, Roku, StubHub, Staples, Taleo and TiVo. "Finding the root cause of application performance in a complex, distributed app isn't like trying to find a needle in a haystack--rather it's like try finding a needle in a stack of needles. AppDynamics actually makes this possible. It's an easy-to-use solution that really helps my team ensure that our web site is always operating at peak performance," said Ryan Aylward, CTO at Glassdoor.com.
AppDynamics is the next-generation application performance management solution that simplifies the management of complex, business-critical apps. No one can stand slow applications—not IT Ops and Dev teams, not the CIO, and definitely not end users. With AppDynamics, no one has to tolerate slow performing apps ever again. AppDynamics customers include AMICA Insurance, Cornell University, Hotels.com, Insight Technologies, Netflix, Priceline, StubHub, Staples, and TiVo. For more information, visit www.appdynamics.com.
About Institutional Venture Partners (IVP)
With $4 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 93 of which have gone public. IVP is one of the top performing firms in the industry and has a 32-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (HPQ), Buddy Media (CRM), ComScore (SCOR), Concur Technologies (CNQR), Dropbox, Fleetmatics (FLTX), HomeAway (AWAY), Juniper Networks (JNPR), Kayak (KYAK), LegalZoom, LifeLock (LOCK), Marketo, MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Seagate (STX), Shazam, Synchronoss (SNCR), Tivo (TIVO), Twitter, and Zynga (ZNGA). For more information, visit http://www.ivp.com or follow IVP on Twitter: @ivp
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
Jan. 29, 2015 05:00 PM EST Reads: 499
Log data provides the most granular view into what is happening across your systems, applications, and end users. Logs can show you where the issues are in real-time, and provide a historical trending view over time. Logs give you the whole picture. Logentries, a log management and analytics service built for the cloud, has announced a new integration with Slack, the team communication platform, to enable real-time system and application monitoring. Users of both services can now receive real-...
Jan. 29, 2015 04:45 PM EST Reads: 502
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jan. 29, 2015 03:30 PM EST Reads: 5,071
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
Jan. 29, 2015 03:00 PM EST Reads: 2,462
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 02:45 PM EST Reads: 4,051
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 02:30 PM EST Reads: 4,363
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 02:30 PM EST Reads: 4,096
In this demo at 15th Cloud Expo, John Meza, Product Engineer at Esri, showed how Esri products hook into Hadoop cluster to allow you to do spatial analysis on the spatial data within your cluster, and he demonstrated rendering from a data center with ArcGIS Pro, a new product that has a brand new rendering engine.
Jan. 29, 2015 02:30 PM EST Reads: 2,788
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your onlin...
Jan. 29, 2015 02:15 PM EST Reads: 5,156
Software Defined Storage provides many benefits for customers including agility, flexibility, faster adoption of new technology and cost effectiveness. However, for IT organizations it can be challenging and complex to build your Enterprise Grade Storage from software. In his session at Cloud Expo, Paul Turner, CMO at Cloudian, looked at the new Original Design Manufacturer (ODM) market and how it is changing the storage world. Now Software Defined Storage companies can build Enterprise grade ...
Jan. 29, 2015 02:00 PM EST Reads: 3,760
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore's Law is typically cited to explain the exponential density growth of chips, a critical consequence of this is rapid depreciation of servers. The hardware for clustered systems (e.g., Hadoop, OpenStack) tends to be significant capital expenses. In his session at Big Data Expo, Mason Katz, CTO and co-founder of StackIQ, disc...
Jan. 29, 2015 02:00 PM EST Reads: 4,927
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by minin...
Jan. 29, 2015 02:00 PM EST Reads: 5,750
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Jan. 29, 2015 02:00 PM EST Reads: 4,370
"We are the top stocking distributor for HP renew products in North America. We can only sell to U.S. authorized partners and resellers for HP," explained Miguel Diazdelcastillo Jr., Sales Executive at Creative Business Solutions, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 02:00 PM EST Reads: 3,651
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
Jan. 29, 2015 02:00 PM EST Reads: 2,333
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Jan. 29, 2015 01:30 PM EST Reads: 3,214
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Jan. 29, 2015 01:30 PM EST Reads: 4,730
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Jan. 29, 2015 01:30 PM EST Reads: 3,496
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Jan. 29, 2015 01:30 PM EST Reads: 4,843
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Jan. 29, 2015 01:15 PM EST Reads: 4,215