OpTier Secures $8M in Funding
NEW YORK, NY, Pioneer in analytics-driven, SaaS-based Application Performance Management (APM) and transaction-based Big Data Analytics, announced today it has secured $8 million in additional funding.
OpTier, a pioneer in analytics-driven, SaaS-based Application Performance Management (APM) and transaction-based Big Data Analytics, announced today it has secured $8 million in additional funding from a group of venture capitalists to support its flourishing portfolio of innovative application monitoring solutions. This round of financing was led by Pitango Venture Capital and also included Viola Group and Gemini Israeli Funds.
The new funding will fuel OpTier's continued growth in the application monitoring and data analytics space, where the company has already solidified a healthy market position and posted strong financial results for the current year, achieving a record-breaking second quarter with more than 400% quarter-over-quarter growth.
'We're very appreciative to have the strong financial backing of our trusted investors as we seek to capitalize on promising analytics and cloud-monitoring opportunities,' said Mark Thompson, CEO of OpTier. 'This new funding will allow us to aggressively pursue lucrative market opportunities, meet escalating demand for feature-rich, light-weight application monitoring, and seamlessly scale for future growth.'
OpTier SaaS, the cloud-based version of the company's award-winning on-premise APM and IT Operations Analytics (ITOA) solution, is quickly gaining favor in the marketplace due to its ability to proactively monitor Java, .NET and PHP applications. The solution utilizes end-to-end transaction tracing to provide unprecedented visibility into application bottlenecks, end-user experience, and infrastructure consumption.
'This past quarter has been a whirlwind for the new, reinvigorated OpTier as we've achieved explosive growth, launched two powerful new product offerings, and secured additional investments,' said Thompson.
In just 60 days since its launch, OpTier SaaS has already netted more than 300 customers and easily surpassed market expectations. In addition to receiving overwhelmingly positive feedback from customers, the solution has also been lauded by respected industry analysts from Gartner, Forrester, and Accenture.
OpTier, headquartered in New York, is a pioneer in the Application Performance Monitoring (APM) space. OpTier offers a simple and cloud-based APM solution that empowers application owners, quality assurance (QA) professionals, DevOps teams, and IT operations managers to proactively detect and resolve application problems before they affect the business and customers. OpTier works with businesses such as Aflac, Deutsche Bank, HSBC, Morgan Stanley, O2 and Wells Fargo - to help convert application intelligence into tangible business value.
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