SevOne Secures New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=049a07a1-24ac-41b7-b9bb-a17f175d55e9&Preview=1 - Date
1/15/2013 - Company Name
SevOne - Mailing Address
4550 New Linden Hill Rd. Wilmington, DE 9808 - Company Description
SevOne offers scalable, easy to use Network Management products. Integrating performance and fault management in an easy to install and maintain appliance, SevOne brings low TCO and high ROI to companies of all sizes and industries. Designed by network engineers for network engineers, SevOne NMS offers the advanced features you needed to manage today’s complex infrastructure coupled with the ease of use to make your job easier. - Website
http://www.sevone.com - Transaction Type
Venture Equity - Transaction Amount
Undisclosed - Transaction Round
Undisclosed - Proceeds Purposes
The gross amount of the transaction was $150 million, but company CEO Michael Phelan said that much of the cash will buy out existing investments in the company. Therefore, the amount of new investment is unknown. - M&A Terms
- Venture Investor
Bain Capital Ventures
