Tuesday, January 15, 2013

SevOne Raises $150 Million for Flow Monitoring and Analysis

SevOne,a start-up headquartered in Wilmington, Delaware, raised $150 million from Bain Capital to support its IT infrastructure management solutions.

SevOne provides an monitoring and reporting solution for enterprises and service providers that uses peer-to-peer IT Performance Appliances to monitor and manage IT infrastructure of any size. The hardware-based appliances collect and store one year of raw performance data optimally without requiring aggregation. SevOne virtual appliances are also available running on on VMware.  Multiple appliances are joined in a peering fabric to access information about the entire network. It supports NetFlow, IPFIX, sFlow, NetStream, and Juniper J-Flow.

SevOne said it closed 2012 with its 6th consecutive year of record financial results.

"SevOne is thrilled to partner with Bain Capital as we take the company to the next level,” said Mike Phelan, CEO, SevOne. “The investment caps a highly successful 2012 for SevOne. Our bookings doubled year over year, profitability increased significantly and our customer base doubled.”

Pacific Crest Securities served as financial advisor.

http://www.sevone.com

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