Evident Software Secures New Funding

Evident Software, a provider of real-time intelligence for managing high-performance IT, has secured an undisclosed sum in Series B financing.
The new round comes from the same group of investors that participated in the Series A financing including Next Stage Capital and Emerald Stage Capital.
The new fund will enable the company to further expand in the application performance management market, extending its existing solutions for grids and data caching including Oracle Coherenceâ„¢ into more general purpose use such as IT clouds.
In conjunction with the funding, Evident Software hired a new chief executive officer, Scott Barnett. The founding CEO and company co-founder, Roger Boyce, has become chairman.
The company is based in Newark, N.J. with research and development facilities in Asbury Park, N.J.
FinSMEs
23/03/2010

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