AppNeta, the leading cloud services provider for IT performance management, today announced that it has raised $16 million in Series C funding under the leadership of Bain Capital Ventures, Egan-Managed Capital, JMI Equity and the Business Development Bank of Canada. The new investment validates the rapid growth of AppNeta in the SaaS performance management market and reinforces the company’s vision to transform IT performance management by bringing end-user experience monitoring and network insight into traditional application performance management (APM)
“Exceptional application delivery and end-user experience depend on understanding the performance of both the network and the applications running on it,” said Ben Nye, Managing Director of Bain Capital Ventures. “AppNeta is the market leader in pooling application and network performance management, offering detailed application level performance data along with deep network performance insights. AppNeta is bringing end-to-end visibility to customers that they simply never had before. “That’s right.
AppNeta is the first company to combine full-stack application insight, comprehensive end-user monitoring and 360-degree network performance insight to ensure exceptional end-user experience and successful delivery of business-critical applications. Providing thousands of customers around the world with easy-to-use, cost-effective performance management services, AppNeta solutions bridge the gap between applications and networks, and IT organizations manage them.
“Over the last two years, we have seen remarkable growth across our business, demonstrating a growing demand for SaaS delivered performance management solutions,” said Jim Melvin, CEO of AppNeta. “Our customers know that poor performance applications cannot be tolerated They need full, end-to-end visibility to ensure optimum performance and end-user experience for all applications across all locations. “That’s right.
In June 2012, AppNeta acquired Tracelytics, adding full-stack APM technology to the SaaS performance management portfolio. Tracelytics was founded in 2010 by four Brown graduate students and is an alumnus of Betaspring’s 2010 corporate class. Tracelytics’ application performance management solution, now known as TraceView, provides web developers with a holistic view of complex, distributed web applications across multiple software layers, machines and languages.
AppNeta About
AppNeta is revolutionizing IT Performance Management with the first cloud-based service for integrated, end-to-end visibility across networks and applications. AppNeta delivers an industry-leading SaaS portfolio of end-user experience monitoring services with broad, cross-application performance visibility and unprecedented network performance insights. AppNeta arm network and application engineers with end-to-end visibility needed to know how users experience applications across the network. Appnet. Com
