ObserveIT Obtains $20,000,000 New Funding

  • Feed Type
  • Date
    12/9/2013
  • Company Name
    ObserveIT
  • Mailing Address
    241 West 30th Street 5th Floor New York, NY 10001
  • Company Description
    Since launching the company in 2006, the ObserveIT team has been passionate about making life easier for IT managers, security officers and compliance officers. Our unique server monitoring and auditing technology, now in its fifth generation, delivers market-leading functionality with enterprise-grade reliability.
  • Website
    http://www.observeit.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company intends to use the funds to expand U.S. headquarters and overall product development, sales and marketing.
  • M&A Terms
  • Venture Investor
    Bain Capital Ventures