Aternity Closes $13 Million in Series D Funding to Focus on High-Growth Plans

Aternity (News - Alert) Inc., the industry's leader in end user experience management solutions for Global 1000 enterprises, has closed $13 million in Series D funding led by new support from Investor Growth Capital (IGC). The net proceeds will be spent on increased product innovation, while expanding its sales and marketing organizations in order to support the company's exponential customer, partner, and revenue growth.

In a press release, Trevor Matz, president and CEO, Aternity, said, “We are grateful for the valuable collaboration and trusted partnership of our existing investors, and are excited to now have Investor Growth Capital joining us as well. We selected IGC based on their keen understanding of our market, deep global network of contacts and patient evergreen capital structure, to help support our strategic growth plan capitalizing on the exponential market growth of end user experience management.”

He continued, “We are thrilled to hear from industry analysts that our unique user-centric, proactive IT management approach is fueling much of this interest. We are also very encouraged to see so many of our customers and partners embrace Aternity as a strategic enabler for a wide range of IT initiatives including Virtual Desktop Initiatives, SLA Management, Rich Internet Application Monitoring and Cloud Computing.”

Aternity has received funding at a time when the company is at its high with the launch of v5.0, its Frontline Performance Intelligence (FPI) Platform and being named to the "Visionary Quadrant" by Gartner (News - Alert) in the Application Performance Monitoring Magic Quadrant. Aternity's FPI Platform provides comprehensive application, physical and virtual desktop monitoring coverage, advanced, real-time analytics, and massive scalability in order to dramatically reduce business disruptions, increase user productivity, and deliver breakthrough optimization of enterprises' support resources.

Aternity is used by Global 1000 companies including industry leaders in financial services, healthcare, manufacturing, energy, telecommunications, services, and high-tech.

Noah Walley, managing director and head of Technology Investing at Investor Growth Capital, said, “Aternity's success with product and service delivery, global customer and partner acquisition, and industry market leadership has been very impressive. Opportunities like Aternity are rare and we are excited to align with the company, its team, and existing investors to help fuel this next phase of market leadership.”

Aternity was in the news recently when Centene Corporation, a Fortune 500 company, selected the Aternity Frontline Performance Intelligence (FPI) Platform.

Sujata Garud is a TMCnet freelancer with three years of writing/editing experience and two years of market research experience. As an editor she has covered the IT, electronics, banking, pharma, construction, mining and healthcare industries. To see more of her articles, please visit her columnist page.

Edited by Jennifer Russell