Companies around the world are collecting massive amounts of data everyday that’s sitting around and not being utilized. Take for example the fact that companies collect demographic and location-based data via mobile devices all the time, but have to figure out how to monetize that data. In this session, Joyent CTO and founder Jason Hoffman will examine the state of Big Data, taking a look at what we're doing now to discussing what's on the horizon, as companies prepare and realign their busines...| By PR Newswire | Article Rating: |
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| January 23, 2013 03:01 AM EST | Reads: |
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-- Enterprises Continue to Choose AppDynamics for Application Performance Management
SAN FRANCISCO, Jan. 23, 2013 /PRNewswire/ -- AppDynamics Inc., the next-generation Application Performance Management solution that simplifies the management of complex apps, today announced a $50 million Series D growth financing round. The round was led by new investor Institutional Venture Partners (IVP), and also included AppDynamics' current investors: Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. The financing will support AppDynamics' rapid expansion into the global enterprise market, increase investment in R&D, and accelerate hiring to meet the high demand for the AppDynamics Application Performance Management platform.
The new funding round – the largest in the company's history – follows two years of explosive sales growth for AppDynamics which grew at a 300% CAGR. To continue to manage its rapid growth, AppDynamics also strengthened its executive leadership team last year with the additions of industry veterans Joe Sexton, former head of global Sales at McAfee, as President of Worldwide Field Operations, and Ed Rowe, former head of R&D for Adobe developer products, as Senior Vice President of Engineering. Since its founding in 2008, AppDynamics has expanded to more than 200 employees worldwide with headquarters in San Francisco and offices in UK, France, and Germany.
"AppDynamics is poised to become the leader in a multi-billion dollar market with its unique technology and its customer-friendly sales model. IVP is a believer with conviction in AppDynamics' vision, market opportunity, and leadership team. The rapid growth and customer momentum at AppDynamics points to a bright future for AppDynamics," said Steve Harrick, General Partner at IVP. "Supporting a company that solves practical, real-world problems in large markets fits squarely with IVP's investment strategy and we believe AppDynamics is on a trajectory to become the next great enterprise software company."
"Businesses all over the world are adopting cloud and agile architectures to run their mission-critical applications and AppDynamics is becoming the leading management platform to help them through that transition," said Jyoti Bansal, CEO of AppDynamics. "In 2012 we saw rising demand for AppDynamics solution, particularly from organizations looking for the next generation of an Application Performance Management Platform that can effectively scale with their growth."
AppDynamics stands at the forefront of a generational change regarding how web applications are managed: modern applications are no longer monolithic in nature but are highly distributed and dynamic, fueled by architectural trends like Cloud, Big Data and Agile Development. AppDynamics is leading the charge in next-generation management technology to address this generational shift in web architectures. In addition, AppDynamics has combined its unique technology platform with an "easy-to-use" approach which enables Development and Operations teams to be up and running on AppDynamics within minutes.
The combination of ease-of-use and the capability to solve complex application problems has led to phenomenal growth for AppDynamics. The company currently monitors over 51 billion transactions per day among the customers of its Pro product, which includes companies such as Cornell University, Edmunds.com, ExactTarget, Glassdoor.com, Overstock, Priceline, Roku, StubHub, Staples, Taleo and TiVo. "Finding the root cause of application performance in a complex, distributed app isn't like trying to find a needle in a haystack--rather it's like try finding a needle in a stack of needles. AppDynamics actually makes this possible. It's an easy-to-use solution that really helps my team ensure that our web site is always operating at peak performance," said Ryan Aylward, CTO at Glassdoor.com.
About AppDynamics
AppDynamics is the next-generation application performance management solution that simplifies the management of complex, business-critical apps. No one can stand slow applications—not IT Ops and Dev teams, not the CIO, and definitely not end users. With AppDynamics, no one has to tolerate slow performing apps ever again. AppDynamics customers include AMICA Insurance, Cornell University, Hotels.com, Insight Technologies, Netflix, Priceline, StubHub, Staples, and TiVo. For more information, visit www.appdynamics.com.
About Institutional Venture Partners (IVP)
With $4 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 93 of which have gone public. IVP is one of the top performing firms in the industry and has a 32-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (HPQ), Buddy Media (CRM), ComScore (SCOR), Concur Technologies (CNQR), Dropbox, Fleetmatics (FLTX), HomeAway (AWAY), Juniper Networks (JNPR), Kayak (KYAK), LegalZoom, LifeLock (LOCK), Marketo, MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Seagate (STX), Shazam, Synchronoss (SNCR), Tivo (TIVO), Twitter, and Zynga (ZNGA). For more information, visit http://www.ivp.com or follow IVP on Twitter: @ivp
Published January 23, 2013 Reads 579
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Planning scalable environments isn't terribly difficult, but it does require a change of perspective. During this session we'll broaden our views to think on an Internet Scale by dissecting a video publishing application built with The SoftLayer Platform, Message Queuing, Object Storage, and Drupal. By examining a scalable modular application build that can handle unpredictable traffic, you'll be able to grow your development arsenal and pick up a few strategies to apply to your own projects.
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Cloud enables SMBs to access new, scalable resources – previously only available to enterprises – in flexible and cost-effective ways. McKinsey’s SMB Cloud Report projects the public cloud market to reach $40-$50 billion by 2015, with SMBs comprising 65% of public cloud spending in 2015. But selling cloud to SMBs raises the questions of who, what and how.
In this session Manjula Talreja, VP of Cisco’s Global Cloud Business Development Team, will discuss the importance of knowing who SMB...
Compelling consumer applications are created every day. Are you ready for the IT implications both internally and externally? As your datacenter needs more capacity, the cloud will be critical to success. What are the key considerations to help plan for the needed capacity over time? And how can the cloud best work with your existing applications?
In his General Session at the 12th International Cloud Expo, Brian Jawalka, Enterprise Solutions Architect at Rackspace Hosting, will open conversat...
Cloud computing is more than a buzz-phrase it’s a transformative IT paradigm shift. The emphasis in the cloud is on elasticity, scalability, agility and open. Not just open standards but open APIs and open source. The delivery of software is also going through a paradigm shift. Open source software was often a commoditization of a market leader; Unix to Linux or Oracle to MySQL what’s changing is that the iterative nature, user context and the motto of releasing early and often are driving real ...
SYS-CON Events announced today that MetraTech Corp., the leading provider of agreements-based billing™, commerce and compensation solutions, has been named “Bronze Sponsor” of SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
MetraTech Corp. is the leading provider of commerce, billing and compensation solutions enabling customers to monetize relationships with customers, partners, and suppliers. Its unique Agree...
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