SOURCE: Akorri

September 10, 2007 09:00 ET

Akorri Revs Up With $15 Million in Series C Financing

LITTLETON, MA--(Marketwire - September 10, 2007) - Akorri, Inc., the leader in cross-domain performance management for the virtualized data center, today announced it has secured $15 million in Series C funding. Existing investors Matrix Partners and North Bridge Venture Partners led the round, with participation from Globespan Capital Partners and BlueStream Ventures, exhibiting strong investor confidence in the market opportunity, and company vision and strategy. Akorri will use the additional funding to fuel continued expansion across the business' operations, including product development, partners, professional services, sales, and marketing.

"We are very pleased with the support we've received from our industry-leading investors," said Rich Corley, Founder and CEO at Akorri. "With this additional funding, we will take the company to the next level by continuing to work in close partnership with our customers, helping them maximize their investments in virtual infrastructure."

Launched in January 2007, Akorri's flagship product, BalancePoint, is the first management solution to provide cross-domain visibility into application performance and infrastructure utilization, which is critical to making capacity planning decisions across IT silos. BalancePoint's unique analytics technology enables IT organizations to quickly solve performance problems, optimize application performance, improve infrastructure utilization and accurately plan for growth and change.

About Akorri

Akorri cross-domain performance management software provides automated visibility and analysis across IT silos to help enterprises manage, optimize and plan performance and resource utilization across the virtualized data center. Akorri BalancePoint software provides visibility into the root cause of performance issues through deep drill down into server and storage resources, and the ability to understand both server and storage virtualization. BalancePoint enables IT organizations to optimize performance and capacity to meet service level objectives at the lowest possible cost. For more information, visit www.akorri.com.

Akorri, BalancePoint and the Akorri logo are trademarks of Akorri, Inc. All other trademarks used or mentioned herein belong to their respective owners.

Contact Information

  • Contact:
    Lisa Allocca
    Red Javelin Communications, Inc.
    978-470-2227
    Email Contact