Appnomic Closes Series B from Norwest Venture Partners
Global Remote Infrastructure Management Solutions Provider Company Expands
Reach and Customer Base
Palo Alto, Calif – December 1, 2010 – Appnomic Systems today announced that it has closed a $2.5M Series B round of funding led by Norwest Venture Partners (NVP). Over the past several months, Appnomic has acquired key clients in the U.S., India, Middle East and Africa for its automation-based infrastructure management services. Appnomic will use this most recent infusion of funds to further enhance its sales presence in the U.S., launch operations in Europe and enhance the Application aware IT infrastructure management platform. This round brings the company’s total financing to date to $6.5 million.
Appnomic, which is ranked 6th in the India Fast25 list of Allworld Network, and is one of the SmartTechie 10 most promising IMS companies, has acquired key U.S. customers such as Cypress Semiconductor, Stratus ASP, one of the leading hosting and cloud companies, and continues to experience high demand for its services offering.
“Appnomic’s innovative application aware platform is quickly becoming a global ‘must-have’ technology for enterprises,” said Promod Haque, managing partner, NVP. “We believe Appnomic continues to be well positioned to address IT management requirements of growing enterprises that are working with both on-premise and hosted/cloud-based technologies. We look forward to partnering with Appnomic to help grow the company further.”
Appnomic’s Application Aware Infrastructure Performance Management solution has been adopted by many customers including one of the largest banks in India, a leading travel portal and a mid-sized bank in West Africa. Appmeter, the cloud based version of Appnomic’s solution, has been featured on the Rackspace and Amazon cloud for monitoring transaction performance of cloud-based applications.
“NVP has been very supportive of Appnomic’s growth and we are happy to be extending our relationship with Promod and NVP with this round of funding.” said Paddy Padmanabhan, CEO of Appnomic.
About Appnomic Systems
Appnomic Systems provides Application Aware IT Infrastructure Management solutions to large and growing enterprises. These solutions enable customers to manage their IT infrastructure efficiently while enhancing productivity. For more information visit: www.appnomic.com
About Norwest Venture Partners
Norwest Venture Partners (NVP) is a leading global investment firm that manages more than $3.7 billion in capital. NVP makes early to late stage venture and growth equity investments in U.S. and global companies. For more information, please visit www.nvp.com
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