Valhalla Partners (http://www.valhallapartners.com) today announced that it is leading an $ 8M Series B investment in Research Triangle Park (RTP)-based BlueStripe Software, the industry's first provider of Application Service Management (ASM) solutions for the dynamic data center. BlueStripe's existing investor, Trinity Ventures, is joining the round.
"The need to manage applications on virtualized servers has only just begun," said Gene Riechers, a general partner at Valhalla Partners and now a member of BlueStripe's board of directors. "Cost containment is the number one priority for companies in an economic downturn and virtualization is an extremely powerful cost-containment technology. However, you can't realize this return if you can't manage your mission-critical applications across both physical and virtualized infrastructures. Led by an impressive team of industry veterans, BlueStripe Software is providing the visibility required for understanding these interdependencies between applications and its underlying dynamic IT infrastructure. We believe BlueStripe's products will change the way companies manage their business-critical applications, regardless of IT platform or environment."
"In this economy, it's critical for entrepreneurs to find venture capitalists who are accessible and knowledgeable about guiding a company through its life cycles," said BlueStripe CEO Chris Neal. "With Valhalla's deep background in data-center software and its commitment to the Research Triangle Park region, we are thrilled to have Valhalla Partners join our team."
About Valhalla Partners:
Valhalla Partners is a trusted partner and advisor to technology entrepreneurs in their quest to build world-class companies. Based in Vienna, Virginia, the firm's management team has made more than 120 investments over the past twenty years and produced almost $ 1 billion of investment proceeds. Valhalla prefers investments where the mission of the company is to innovate, challenge and fundamentally change the dynamics of new and existing markets. Investments by Valhalla's team include Advertising.com, BDMetrics, CareerBuilder.com, Clarify, EnterpriseDB, Epicor, Exchange Solutions, JumpTap, LeftHand Networks, Mobius, NextLink, Nirvanix, Progress Software, Proxicom, RealOps, Register.com, Riverbed Technologies, SafeNet, SEPATON, ServiceBench, Trilogy, and webMethods. Valhalla Partners brings the full power and network of its experienced team to every investment it makes, helping companies grow faster and smarter regardless of size or maturity.
For more information, go to http://www.valhallapartners.com.
About BlueStripe Software:
BlueStripe Software is the industry's first provider of Application Service Management (ASM) solutions for dynamic data centers. BlueStripe's flagship product suite, FactFinder, improves the way companies manage their business-critical applications, regardless of application, OS, or server platform. Based in the Research Triangle Park area in Morrisville, NC, BlueStripe is led by an executive team that has built some of the industry's leading enterprise application management companies, including Wily Technology, Relicore, Computer Associates, and IBM/Tivoli.
To learn more about BlueStripe, please visit http://www.bluestripe.com.
About Trinity Ventures:
Trinity Ventures, a 22-year veteran in the venture business with more than $ 1 billion under management, partners with exceptional entrepreneurs to build great companies. Trinity Ventures focuses on early-stage technology investment opportunities with a particular emphasis on the digital media, Internet services, mobility, security and software markets. Trinity has invested in more than 100 ventures, including such leading companies as Aruba Networks (NASDAQ: ARUN), Blue Nile (NASDAQ: NILE), Crescendo Communications, Extreme Networks (NASDAQ: EXTR), Forte Software, Illustra, LoopNet (NASDAQ: LOOP), Photobucket (acquired by News Corporation: NWS), Speedera Networks (acquired by Akamai Technologies: AKAM), Starbucks (NASDAQ: SBUX) and Sygate Technologies (acquired by Symantec: SYMC). To learn more about Trinity Ventures, visit http://www.trinityventures.com.
For more information, press only:
Dan Gordon, 703-448-1400, dan @ valhallapartners.com
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