OpTier Raises $63M in Fourth Round of Funding
September 24 2008
NEW YORK, September 23, 2008-OpTierTM, the leader in business transaction management, today announced that it has raised an additional $47.5 million in funding from new investors Index Ventures and Morgan Stanley and existing investors Pitango Venture Capital, Carmel Ventures, Lightspeed Venture Partners, Gemini Israel Funds and strategic partner Cisco. The company has also secured a $15M credit line with Plenus Venture Lending.
The funding is a reflection of investors' confidence in OpTier's current and future growth prospects. In the past year, OpTier further accelerated and broadened its deployments in Fortune 500 organizations, generating significant sales growth. Along with continued product innovation, OpTier's exceptional momentum has strengthened the company's position as the leader in Business Transaction Management (BTM). OpTier's management team will use the funding to aggressively pursue plans to enhance and broaden the company's offerings in the BTM market via acquisition and organic development, fueling sales and marketing and expanding industry partnerships. The company is currently building its staff through employee recruitment in the U.S., Europe and Israel.
"OpTier has repeatedly succeeded in winning strategic customer deals and creating valuable partnerships with the world's largest organizations," said Bernard Dallé, Partner with Index Ventures. "We believe the company is well positioned for rapid growth across markets and geographies in one of the top priority areas for enterprise IT. We are excited to lead this investment round."
"OpTier addresses the critical need for increased performance and high availability from technology services in today's competitive markets," said Thomas Mosimann, Executive Director with Morgan Stanley. "Morgan Stanley seeks to partner with exactly these kinds of companies that possess a combination of a differentiated offering, a huge addressable market, and a strong management team."
OpTier's CoreFirst® tracks business transactions through a complex infrastructure, automatically discovering the interconnections of each transaction, and then mapping them to a business service. By uniquely identifying all transactions, OpTier provides a real-time picture of every transaction throughout IT infrastructures. It identifies and reacts to changes in the infrastructure in real-time, using this information to reduce outages, quickly isolate and repair problems, improve operational efficiency, better align IT with business priorities and lower overall costs.
Since the debut of CoreFirst in 2005, OpTier has been recognized by the industry for its unique approach to BTM. It has gained the trust of many Fortune organizations that today use CoreFirst to assure the timely execution of their key business activities across a diverse set of critical and complex IT services.
"With CoreFirst we have created a new platform for managing IT with a business-focused, transaction-driven approach. At global organizations today, hundreds of millions of transactions are flowing faster and more efficiently through complex IT infrastructures using our solutions," said Israel Mazin, CEO & Chairman of the Board at OpTier. "This significant funding will help us achieve our long term growth plans. We are delighted to welcome the investments of prestigious, top-tier investors Index Ventures and Morgan Stanley, along with world-class investors Pitango Venture Capital, Carmel Ventures, Lightspeed Venture Partners, Gemini Israel Funds and strategic partner Cisco. Together with the credit line from Plenus, we now have the flexibility to capitalize on a tremendous opportunity to strengthen our market prominence. OpTier is viewed by the industry as an excellent company, and we aim to continue to inspire confidence with our customers and partners."Back to top