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Venture Capital News: Correlsense Closes $3M Series C

FRAMINGHAM, MA, Leading provider of application performance management software, announced that it has closed $3 million in Series C financing.
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Correlsense, a leading provider of application performance management software, announced that it has closed $3 million in series C financing with investors including Accel Partners, Vertex Venture Capital, ProSeed Venture Capital Fund, eXeed Technology, and Technion Research & Development Foundation.

This funding will enable Correlsense to expand sales and technology partner channels as well as enhance its sales and marketing teams. The company will continue to invest in adding innovative functionality to future versions of its SharePath Data Center and Real User Monitoring products.

"Coming after our recent successes, we remain excited about the exceptional opportunity that exists for operations-focused application performance management tools," said Ken Marshall, CEO of Correlsense. "This financing allows us to build on our new customer wins that enhance our leadership in end-to-end application monitoring for the enterprise."

About Correlsense:

Correlsense develops application monitoring software for IT operations professionals who rely on sophisticated, heterogeneous IT. The SharePath product suite provides the broadest visibility into where and why application problems occur, covering more protocols, platforms and end-user technologies than any other APM product. This empowers business and IT stakeholders with a complete and dynamic picture of overall IT service levels, reducing the cost of troubleshooting and risk with new application rollouts. Correlsense was founded in 2005, is privately held and SharePath customers include some of the world's largest financial, telecom and retail firms.
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