Tuesday, February 24, 2009

Apparent Raises $12 Million for Network Path-based Mgt for Clouds

Apparent Networks, a start-up based in Wellesley Hills, Mass., raised an upsized $12 million in Series C funding for its performance management solution for cloud applications.

Apparent Networks provides a means for assessing, measuring and diagnosing complex networks, including LANs, WANs and service providers' clouds. The company's patented path-based solutions deliver end-to-end insight into the entire application path, including areas previously beyond the network manager's line of sight. Apparent Networks said it enables users to quickly and efficiently identify problems within their own networks, their carriers' clouds, and even their customers' environments.

The new funding was led by Egan-Managed Capital and supported by existing investors Bain Capital Ventures, JMI Equity and Business Development Bank of Canada.

  • Apparent Networks is headed by Jack Sweeney (CEO), who previously was president and CEO of Network Intelligence Corp., which was acquired by EMC for $175 million in 2006. Post-acquisition, he served as Vice President of mergers and acquisitions for EMC. Earlier in his career, Jack was president and CEO of Stargus (acquired by C-Cor, Inc.), CEO of EPiCON (acquired by Nortel for $450 million), and CEO of Bell Atlantic Network Integration, which grew to $330 million in revenues under his leadership.