Appnomic Systems, a Bangalore, India, and Santa Clara, CA-based provider of automated enterprise and Cloud IT performance management solutions, has raised $5m in Series C funding from Norwest Venture Partners.
The company intends to use the funding – which brings total investments to $12.5m – to expand in the U.S., in Asia and Middle East markets, as well as enhance the development of its products and services.
Appnomic plans to expand its product, marketing and sales teams.
Led by Paddy Desikachari, CEO, Appnomic provides automated enterprise and Cloud IT performance management solutions that help businesses automate both complex application performance management tasks and routines, labor intensive maintenance activities respectively. Its flagship Application Behavior Learning (ABL) solution, AppsOne, leverages real-time application usage patterns to enable IT organizations to focus on preventing IT application performance issues rather than on mean-time-to-repair (MTTR) operations issues.
FinSMEs
18/09/2012