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Opsview accelerates its growth plans with funding from SaaS Capital
Opsview, the company that unifies cloud and infrastructure monitoring, today announced that it has secured funding from SaaS Capital, the leading provider of Committed Credit Facilities to software-as-a-service (SaaS) companies.
"We have scaled Opsview so far using only angel funds, but with the massive growth opportunity available to us, we wanted a partner that could provide the investment required to support our next phase of growth," said Mike Walton, Chief Executive Officer. "With SaaS Capital we get access to significant capital without the dilution that comes with other options, and we get a knowledgeable partner that really understands the structure and needs of a recurring revenue business."
Opsview is a modern, scalable monitoring platform that provides unified insight into dynamic IT operations on-premises, in the cloud or hybrid. With many blue-chip customers across the globe, Opsview is trusted to help them monitor and provide visibility into their IT ecosystems. Keeping the lights on in IT has never been so important as IT outages have the potential for reputational damage as well as financial losses.
"With IT environments becoming more complex, now more than ever, it is important that organizations have a unified monitoring platform across their entire IT estate,” said Todd Gardner, Managing Director of SaaS Capital. "The Opsview team knows this space extremely well, and we are excited to partner with a company that has such great momentum."
Opsview provides unified insight into dynamic IT operations on-premises, in the cloud or hybrid. Opsview is a modern, scalable monitoring platform that enables digital transformation. Opsview is trusted by hundreds of businesses, government organizations and service providers globally. Customers include Sky, Cisco, IBM, Comcast, Telefónica, PayPal, BT, Norfolk Southern, CIT, Fujitsu, HMRC and AAA. To find out more, visit www.opsview.com
About SaaS Capital
SaaS Capital is the leading provider of long-term Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions of dollars in enterprise value without sacrificing significant ownership or control. SaaS Capital has offices in Cincinnati and Seattle. Visit www.saas-capital.com to learn more.
Helen Carroll/VP Marketing at Opsview
0118 324 9021
Geraldine Fernandez, Account Director at Say Communications
0208 971 6400