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Summit Partners leads $25m Series C for Zenoss

10 Oct 2012

Global growth equity investor Summit Partners has led a $25m Series C financing round for Zenoss, a provider of unified IT operations software for physical, virtual, and cloud-based IT infrastructure.

Existing investors Grotech Ventures, Intersouth Partners and Boulder Ventures also participated in the round, which will be used to further accelerate the company’s product innovation and global expansion to support continued rapid growth, it said.

Zenoss has raised a total of $45m to date.

Zenoss was founded in 2005 and offers an IT operations platform that includes unified monitoring, scale event management, real-time service impact/root cause analysis, and automated remediation.

The platform is built on open software architecture around a real-time service model and allows IT organisations to consolidate their operational tools and further automate their core processes.

“Zenoss is unique because it has been purposely built for managing virtual and cloud-based infrastructures on top of legacy environments,” said Summit managing director Tom Jennings, who will join the Zenoss board of directors.

“The company’s value proposition to customers, rapid growth and recurring revenue reminds us of many great software companies we have backed over the years.”

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