Wily Technology Closes First Round Funding with Greylock,
BEA Systems, and Peninsula Capital
SAN MATEO, CA, February 18, 2000 - Targeting the growing
demand for web application management software, Wily Technology,
Inc. announced today that it successfully closed a first round
of venture funding. Investors include Greylock Management,
BEA Systems, Inc., Peninsula Capital and Fayez Sarofim &
Co. Funds from this round of financing will be used to develop
updated releases of the Company's IntroscopeTM product and
to expand sales and marketing.
Wily Technology, Inc., based in San Mateo, CA, is the leader
in performance management software for Java Web Applications.
Wily's patent-pending Introscope software immediately isolates
application integration problems and minimizes website downtime.
Introscope requires no additional development for complete
and scaleable monitoring of mission critical, distributed
Java applications.
"The Java programming language and platform have gained global
acceptance as the technology of choice for building web-based
applications," explained Lewis Cirne, Wily's founder and CEO.
"Quality of service is vital to mission critical business
applications on the web. Introscope offers comprehensive performance
management and provides confidence as companies grow their
applications to internet scale."
"To stay competitive today, companies are integrating their
businesses with the Web. Market demands are forcing companies
to provide all of their services through a high performance,
customer responsive web site," said David Strohm at Greylock.
"Wily's Introscope technology affords these companies an easy
and effective way to achieve this goal. We are excited to
invest in Wily to help them take advantage of this compelling
market opportunity."
About Greylock
Greylock is a private venture capital firm, founded in Boston
in 1965, with committed capital of over $725 million under
management. Over the past 33 years, Greylock has helped entrepreneurs
to build more than 250 successful companies in the software,
communications and healthcare industries. Greylock is available
on the World Wide Web at www.greylock.com.
About BEA Systems
BEA Systems, Inc. (Nasdaq: BEAS) is the E-Commerce Transactions
Company, powering many of the world's most innovative companies
that serve the "E-generation." BEA solutions help companies
of all sizes build e-commerce infrastructures that leverage
existing investments and provide the foundation for running
a successful integrated e-business for the e-generation. BEA
has more than 50 offices in 24 countries, is headquartered
in San Jose, Calif., and is on the Web at www.bea.com.
About Peninsula Capital
Peninsula Capital, based in Menlo Park, CA, is an early-stage
venture capital fund providing start-up capital to companies
in high technology and biotechnology. Peninsula's portfolio
includes early investments in NetEffect, LockStar, BioSpace.com
and AdKnowledge.
About Wily Technology, Inc.
CA Wily Technology, a division of CA, is the market-leading provider of Enterprise Application Management solutions. By providing end-to-end visibility into customer transactions in real-time, CA Wily's products enable companies to successfully manage the health and availability of their critical Web applications and infrastructure. CA Wily's collaborative management approach allows enterprises to rapidly detect and diagnose application slowdowns and failures, and better assess the impact of application performance on business success. This means better customer service, more stable revenue streams, and higher IT productivity. To learn more about CA's Wily Technology division, visit http://www.wilytech.com or call 1 888 GET WILY.
Introscope is a trademark of Wily Technology, Inc.
BEA and WebLogic are registered trademarks and BEA WebLogic
Server and The E-Commerce Transactions Company are trademarks
of BEA Systems, Inc.
All other trademarks or registered trademarks are property
of their respective companies.
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