SOURCE: Catchpoint Systems
NEW YORK, NY--(Marketwired - Dec 10, 2013) - Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, today announced it has closed a $6 million series B financing round. Led by existing investor Battery Ventures, the new investment will be used to accelerate the company's global expansion plans with a focus on employee growth and technology development. Catchpoint helps companies better understand the performance of their online and mobile services so they can ensure a fast, glitch-free user experience -- improving user satisfaction, reducing quality management costs, and protecting revenue.
"Catchpoint's experienced leadership team understands the needs of today's companies as they compete to meet rising consumer demands and increasingly rely on online and mobile services to keep their customers happy and meet their sales goals," noted Neeraj Agrawal, general partner, Battery Ventures. "Catchpoint continues to drive superior technology innovation in the infrastructure market and is quickly changing the game in the performance monitoring industry."
Battery has deep expertise in Catchpoint's market, including investments in Akamai, BladeLogic and Tealium. The funding reinforces Battery's stance that the company's continued innovation will lead the future of performance monitoring. To date, Catchpoint has run 2.8 billion tests for more than 150 customers in 2013 to help companies ensure the best possible website experience for their consumers. In addition, the company more than doubled its network of international nodes in 2013, now delivering an expansive global network of more than 250 nodes. Recently building its leadership team and opening an office in Boston, the company continues to increase its market share and revenue growth by delivering groundbreaking web monitoring products and today announced a major product update.
"Our customers want and deserve a fast and reliable experience -- we rely on Catchpoint to give that to them. A key part of our strategy to measure and monitor the performance of our website and APIs from public locations and from within our data centers, Catchpoint's unique Insight functionality helps us quickly understand the underlying issue, whether it's a specific server in our data center, or a broader Internet issue," said Michael Diliberto, CIO of Priceline.com.
Led by four former DoubleClick/Google executives, Catchpoint helps organizations proactively improve the speed, reliability and availability of online and mobile services. Its web performance and application monitoring solutions deliver real-time analytics of the end-to-end performance and availability of companies' web and mobile services from multiple vantage points to help them better understand performance and the factors impacting it.
"Today's consumers don't want to wait forever, or even a minute, for a website to load -- be it online or on their mobile device. Designed from a consumer perspective, our solutions are changing the way companies monitor and resolve performance issues, like error messages or the revolving circle of death," said Mehdi Daoudi, CEO and founder of Catchpoint. "We help companies find and fix issues before they become a headache for their consumers or a revenue roadblock, and the new funding from Battery Ventures will help us do that on a global scale much quicker."
About Battery Ventures
Battery invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. To learn more, visit www.battery.com and follow the firm on Twitter @BatteryVentures.
Catchpoint helps companies better understand the performance of their online services so they can ensure a fast, glitch-free online environment to improve user satisfaction, reduce quality management costs and protect revenue. Delivering unmatched insight through organized and visualized information, its web performance and application monitoring tools provide real-time analytics to help IT quickly discover and resolve performance issues. Founded in September 2008 by former DoubleClick/Google veterans and backed by Battery Ventures, Catchpoint is headquartered in New York. Please visit www.catchpoint.com to learn more.