Correlsense, a Framingham, MA-based provider of business transaction management solutions, raised $8m in Series B funding round.
The investment was led by Accel Partners, with participation from existing investors Vertex Venture Capital, eXceed Technology and ProSeed Ventures.
The new financing will support the company in growing its customer base, and further developing its distribution channels with partners in North America and Europe.
Correlsense’s flagship product, SharePath, is an innovative Business Transaction Management (BTM) platform that monitors and tracks all transactions of an application in real-time.
It helps IT departments provide greater value to the companies they support by giving them all the data necessary to effectively manage service level agreements (SLAs), performance, capacity planning, change management and chargebacks.