ObserveIT, a New York-based provider of user activity recording and auditing software, raised $20m from Bain Capital Ventures.
The company intends to use the funds to expand U.S. headquarters and overall product development, sales and marketing.
Founded in 2006 and led by Gabriel Friedlander, CTO, ObserveIT provides a complete visual log via a software-only solution and provides the most comprehensive monitoring and insight into user activity that enables its customers to solve compliance, security and IT operational problems.
The solution is used at more than 800 corporations including GE Money, ING, Toshiba, Xerox, Coca-Cola, Samsung, T-Mobile, Vodafone, UPS, Fujitsu and Cisco in 70+ countries.
FinSMEs
09/12/2013