BEZ Systems Secures $3.6 Million in Series B Financing
BEZ Systems Closes $3.6 Million Series B Financing Round to Fuel Company Growth and Market Expansion
BOSTON, January 5, 2005 - BEZ Systems has raised $3.6 Million in a Series B preferred financing from proven and successful software industry investors. The funds will be used for working capital and to develop new products that capitalize on BEZ's pioneering position in Predictive Performance Management (PPM) software.
BEZ Systems recently moved its corporate headquarters to Boston to capitalize on the availability of software developers, quality assurance, sales professionals and experienced software industry executives throughout the metropolitan Boston area.
The financing was led by Velocity Equity Partners. Brooke Private Equity Advisors, JMI Equity and Massachusetts Technology Development Corporation also participated in the round. Velocity Equity Partners, Brooke Private Equity Advisors and MTDC are new investors in BEZ, with JMI Equity having previously led the Series A round.
According to F. Daniel Haley, BEZ President and CEO, "Our high-value solutions allow the enterprise to predict performance problems by line-of-business to ensure that organizations meet service level agreement requirements. We offer a compelling value proposition to organizations that want to prudently justify infrastructure investments while ensuring business continuity for critical applications. This financing will help us bring to market additional PPM software solutions to fulfill enterprise demands for justifying infrastructure investments based on hard data while obtaining more value from existing capacity."
About BEZ Systems
BEZ Systems is an emerging, venture-backed software company that offers innovative Predictive Performance Management (PPM) solutions that provide a line-of-business view of application resource utilization that allows the enterprise to accurately profile application performance, compare change and growth alternatives, forecast results to set expectations and verify actual performance results versus predictions so that SLAs can be met to ensure business continuity. We also offer ProService Paks that provide the best practices professional services expertise to help companies implement PPM solutions with dramatic results. Please visit www.bez.com.
For Further Information
Please send an e-mail to pr@bez.com or call us at 617.532.8800.
Website: http://www.bez.com
