Integrien Corp., an Irvine, Calif.-based provider of real-time performance analytics, has raised $8 million. Clearstone Venture Partners led the round, and was joined by Acartha Group and Mariner Capital Ventures. The company previously raised over $20 million.
Integrien Corporation, the leader in real-time performance analytics, today announced that the company has completed a funding round of $8 million led by Clearstone Venture Partners, with additional investment from the Acartha Group and Mariner Capital Ventures. The company will use the funds to accelerate growth by increasing both its direct and indirect sales channel to achieve its vision of becoming the world’s leading IT performance management platform.
“Clearly, Integrien is solving a huge problem for IT”
“Clearly, Integrien is solving a huge problem for IT,” said Jim Armstrong, Managing Director at Clearstone Venture Partners. “The rapid adoption of virtualization and distributed cloud computing demand a proactive approach to managing application performance and Integrien is at the forefront. We’re pleased to continue our investment in Integrien and excited to have new investors like Mariner joining us who are very knowledgeable in IT trends. This funding round was oversubscribed and we believe Integrien’s unique, analytics-based approach and rich technology platform will continue to lead the way in this dynamic market.”
2009 was a breakout year for Integrien, featuring exceptional year-over-year top-line growth of over 140%. The company reported a number of seven figure deals with Fortune 100 companies, who now use Integrien to manage the performance of mission critical applications and services spanning tens of thousands of servers. In addition, the company turned cash flow positive, well exceeded plan both in terms of top line revenue and EBITDA and entered 2010 with an order backlog up more than 300% over 2009.
“Integrien has raised guidance to its investors in order to reflect accelerating top-line growth and positive cash flow,” said Mark Smialowicz, CFO of Integrien. “The company is poised to capitalize on a rapidly building pipeline and order backlog.”
The company attributes these exceptional results to the large increase in demand for its flagship performance analytics platform, Alive, driven by increasingly complex application infrastructures due to virtualization and cloud computing. When enterprise customers deploy Alive, they leverage their existing first and second generation monitoring tools’ data collection capabilities, while Alive’s third generation IT performance analytics provide completely automated, holistic analysis across the technology silos that deliver today’s complex, mission critical applications and services. Alive’s analytics identify building problems before they affect end users with complete root cause assessment, allowing IT to solve performance problems quickly and efficiently.
Integrien also recently released Alive 7.2, extending its market leading performance management platform with additional analytics and stunning new visualizations. The company also announced AliveVMTM, a breakthrough for VMware vCenter administrators, providing a complete, analytics-driven view of VMware performance along with revolutionary tools for visualizing and optimizing ESX workload and VM density.
Integrien Corporation is the real-time performance analytics company that enables the predictable operation of mission critical applications and services. Integrien helps IT operations to manage complexity by applying real-time analytics to monitoring data to provide the intelligence that will prevent problems from negatively impacting business. Integrien Alive allows IT to take a proactive approach to performance management, telling them when an application problem is brewing with a single Smart Alert™ that isolates the impact and likely root cause. As a result, Integrien customers achieve higher quality business operations that are more efficient and continuously available at required service levels.