SevOne Raises $150M in Equity Financing from Bain Capital

SevOne, a Wilmington, Delaware-based performance software provider, has raised $150m in equity financing from Bain Capital.

The company intends to use the proceeds to maintain their growth and accelerate their go to market operations.

Led by Mike Phelan, CEO, SevOne offers IT monitoring and reporting solutions that are designed to provide visibility across all services in real-time within global distributed networks of any scale.
The company’s platform is used by enterprises, service providers and other organizations dealing with challenges around network latency, new service rollout, business interruptions and increasing volume of data on their networks.



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