Wily Technology
Raises Additional $15M in Funding
Newest Round of Financing To Enable Accelerated Growth
Brisbane, CA — February 3, 2003 — Wily Technology,
the leader in Enterprise Java Application Management, today
announced it has received $15 million in a Series C funding,
bringing the total amount of capital raised to $35 million.
Focus Ventures led the round with previous investors Greylock
and Accel Partners.
"Wily's ability to continue generating significant
investor interest in a difficult market is a testament to
the strength of the company's business proposition, its proven
success in the marketplace and the ability of the entire
Wily team," said Mark Sachleben, vice president of finance
and operations at Wily Technology. "This is an up round,
just as each of our previous rounds has been, and we expect
it to carry us through to a successful IPO."
The newest round of funding follows a year of record growth
for Wily in which sales for 2002 nearly tripled compared
with sales for 2001. Demand for Wily's enterprise Java™ application
management solutions continues to accelerate as more Fortune
1000 companies make it their solution of choice for optimizing
the performance of their mission-critical, Java applications.
Built on Wily's patented agent technology, these solutions
deliver unparalleled visibility to quickly pinpoint performance
problems within minutes or hours that previously would have
taken weeks or even months to find. Corporations that purchased
or extended licenses with Wily in 2002 include Discover Financial
Services Company, Duke Energy, Fidelity, Geico, Pacific Gas & Electric,
RJ Reynolds Tobacco Company, Sprint PCS, Time Magazine, and
Wells Fargo.
"Focus Ventures invests in the leading technology companies
that have a proven ability to execute on their vision and
have clear traction with their customers," said George
Bischof, General Partner at Focus Ventures. "Wily Technology
has continued to demonstrate market leadership through its
ability to deliver Java management solutions that meet the
needs of businesses worldwide. This round of financing will
give Wily the flexibility to accelerate their growth and
enable them to take advantage of any future opportunities
presented by its success."
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.
About Focus Ventures
Focus Ventures is the leading expansion stage venture capital
firm that invests in emerging market leaders in the software,
semiconductor and communications industries. Focus Ventures
currently manages $570 million, having closed its first fund
in October 1997 and Focus Ventures II in December 1999. Focus
Ventures offers its portfolio companies access to high quality
partners in Asia and an extensive network of resources focused
specifically on driving top line revenue growth through customer
introductions and by establishing distribution channels,
joint ventures and licensing arrangements. Since the firm's
inception, Focus Ventures has invested in 68 companies and
has had 20 IPOs and seven acquisitions by public companies.
A select number of portfolio companies that have gone public
include: Active Software, Agile Software, Alteon WebSystems,
BroadBase Software, Chordiant Software, Commerce One, Copper
Mountain Networks, Corio, CoSine Communications, Interwoven,
Loudcloud, Niku, Pixelworks, and Verisity. For more information
on Focus Ventures, visit www.focusventures.com or
call 650.325.7400. |
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