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Tracelytics Unveils Next Generation Web Application Performance Management SolutionRaises Funding From Battery Ventures, Flybridge and Google Ventures (November 04, 2011)
PROVIDENCE, RI -- (Marketwire) -- 11/04/11 -- Tracelytics today announced the launch of its SaaS-based application performance management (APM) solution, as well as seed funding from Battery Ventures, Flybridge Capital Partners, Google Ventures, and several prominent angel investors.
As web applications become more complex and distributed, developers and operations engineers continue to use tools that are siloed and only give a surface view of performance issues. Tracelytics provides visibility into complex, distributed web applications by collecting information about the performance and behavior of requests across software layers and machines.
"Our solution is built to understand scalable architectures," said Spiros Eliopoulos, Co-founder and CEO. "We go wide across an entire infrastructure, and we can still filter and drill-down on performance data while not sacrificing the data's fidelity."
Tracelytics is launching as the only APM solution to provide a holistic view of complex, distributed web applications across multiple software layers, machines, and languages. The solution is available for applications written in any combination of PHP, Python, and Ruby.
"Ensuring complex web applications perform properly is a mission critical task. Unfortunately it's usually an expensive, frustrating, time sink for engineers and application owners everywhere," said Sunil Dhaliwal, general partner, Battery Ventures. "We backed Tracelytics because their team has the skill and the vision to deliver an amazing and powerful performance management solution, that is also blindingly simple to use, for large and small customers alike. There is no doubt that they are the future of web application performance."
"By erasing boundaries between applications, layers and hosts, we now understand hard-to-quantify and long-standing questions about system behavior in our production environment," said Mark Niedzielski, VP Operations, Ourstage. "Tracelytics has clearly changed the way we work."
Tracelytics is in limited release, and is offering special pricing and access to to early sign-ups. For more information, visit www.tracelytics.com.
Tracelytics, based in Providence, RI, develops an application performance management solution that provides a holistic view of complex, distributed web applications across multiple software layers, machines, and languages. The Company is funded by Battery Ventures, Flybridge Capital Partners, and Google Ventures.
About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from start-up and expansion financing, to growth equity and buyouts. Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic (acquired by BMC Software), Cbeyond (NASDAQ: CBEY), ITA Software (acquired by Google), LIFFE (acquired by Euronext), MetroPCS (NYSE: PCS), Neoteris (acquired by Netscreen), Omniture (acquired by Adobe), and Skullcandy (NASDAQ: SKUL). Battery's current enterprise IT and infrastructure portfolio includes companies such as ActivePath, Calxeda, Opscode, XtremIO, Viddy, VSS Monitoring and Zerto. From offices in Boston, Silicon Valley and Israel, Battery manages $4B in committed capital, including its current fund of $750M. For more information visit www.battery.com or the firm's IT infrastructure blog www.thewholestack.com. Follow Battery on Twitter at @BatteryVentures.
About Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on seed and early-stage investing in the consumer, energy, healthcare and information technology markets and is led by a team with domain expertise and more than half a century of combined experience in venture capital. The firm has invested in over 60 companies including 10gen, Brontes Technologies, Cartera Commerce, DataXu, Digital Lumens, Open English and Reveal Imaging. For more information, visit www.flybridge.com or follow us on Twitter @flybridgecap.
About Google Ventures
Google Ventures is the venture capital arm of Google Inc. We seek to discover and help develop great companies, and believe in the power of entrepreneurs to do amazing things. Our investments range from seed to late stage, across a broad range of industries, including consumer Internet, digital media, software, hardware, and biotechnology. We embrace the challenge of helping young companies grow from the proverbial garage to global relevance. For more information, visit www.googleventures.com.
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