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Stratavia Secure $6.25 Million in Series B Venture Capital Round
August 6th, 2007 No comments
Stratavia, a leading provider of IT run book automation software and services, announced recently that it has closed its second round of funding. The $6.25 million round was led by existing investor Asset Management Company and includes backing from first round investors Adams Street Partners and Vista Ventures. Stratavia will use the new financing to accelerate technology development and further fund its sales and marketing expansion in the run book automation market.
Stratavia stands out with a powerful and unique solution that addresses a pressing IT need, said Skip Fleshman, partner, Asset Management Company. Their management team and technology advantage combined allows them to capitalize on this amazing opportunity. I look forward to supporting the executive team to make Stratavia the go-to technology provider for Fortune 1000 organizations seeking to improve their IT operations.
The funding comes on the heels of the company being awarded several large enterprise contracts, further validating Stratavias strategic approach to IT process automation. The company has enjoyed a record year so far for 2007, and will continue to expand on its innovative product portfolio and field operations.
Stratavia allows IT organizations to streamline the management of business-critical IT environments and empower IT operations to deliver superior operational maturity at reduced costs. Stratavia’s patent-pending technology platform, Data Palette, automates complex, error-prone, manually intensive yet repetitive IT administration tasks. Fortune 1000 companies leverage Data Palette to define, build and orchestrate standard operating procedures, and report on mission-critical applications and IT operations, ensuring they conform to industry accepted best practices, such as ITIL. Additionally, Data Palettes powerful predictive analytics engine detects and resolves issues before they can impact operations, a unique offering in the market today.
The run book automation market (RBA) continues to experience fast growth because of IT operations need to adopt best practices and automate processes within and across IT management silos, said David Williams, research vice president, Gartner. The growth has coincided with the need for IT operations executives to deliver and prove higher IT operations efficiencies.
Our customers have told us they are looking for a way out of the complexity that invariably characterizes IT operations in today’s heterogeneous enterprise, said Thor Culverhouse, president and CEO, Stratavia. Our Data Palette platform allows them to streamline IT processes, resulting in improved service levels, reduced costs and greater management control.
Stratavia is a leading provider of IT Run Book Automation software and services. Stratavia’s flagship platform, Data Palette, automates complex, error-prone, manually intensive yet repetitive IT administration tasks, while providing predictive analytics to detect and resolve issues before they can impact operations. Fortune 1000 companies rely on Data Palette to define, build and orchestrate standard operating procedures, and report on mission-critical applications and IT operations. Founded in 2001, Stratavia is headquartered in Denver, Colorado and is privately held and venture funded by Adams Street Partners, Asset Management Company and Vista Ventures.
For more information, please visit www.stratavia.com
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