I am proudly announcing that LiveAction has completed its Series B financing, raising $36 million from Insight Venture Partners, Cisco Investments and Accelerate IT Ventures. Here’s the full press release:
IT network visibility software platform focuses on global growth and expansion
PALO ALTO, Calif., February 16, 2016 – LiveAction, Inc., a leading enterprise IT network visibility software platform, today announced a $36 million Series B round of financing in order to expand operations globally and accelerate feature product development, further establishing LiveAction as the visibility software standard for the Global 2000. New York-based venture capital and private equity firm Insight Venture Partners led the investment round with participation from prior investors Accelerate-IT Ventures and Cisco Investments. As part of the transaction, Insight Managing Director Michael Triplett, as well as Phillip Vorobeychik, senior associate at Insight, will join the board of directors.
Initially developed to aid the U.S. Department of Defense in the operation of its networks, LiveAction features an innovative visual display, real-time big data analytics for decision-making and deep integration with routers and switches for unparalleled network control. Customers turn to LiveAction for its unique interactive topology and end-to-end flow visualization as a unique capability in the industry. With LiveAction’s ability to simplify voice, video and application troubleshooting in real time and provide historical playback with its network DVR capability, IT organizations gain a valuable advantage to ensure a superior end-user experience. With its ability to scale from tens of devices to tens of thousands of devices, LiveAction is suitable for any sized organization. Recently, LiveAction has increased its capabilities to provide visualization and end user experience monitoring across the end-to-end network, including modern SDWAN networks, with both its LiveNX and LiveUX products.
“In 2014, we completed our Series A round, led by AITV and Cisco, and invested those proceeds to build a powerful visibility platform used by many of the biggest companies in energy, finance, retail and healthcare. Closing our Series B financing enables us to globalize LiveAction,” said Darren T. Kimura, CEO and chairman of LiveAction. “Insight Venture Partners have helped build successful infrastructure software companies including SolarWinds, Veeam, and Quest Software, and we are looking forward to accelerating our growth via this partnership.”
“We have been impressed with LiveAction’s innovative technology solutions, industry leadership and impressive growth,” said Michael Triplett. “LiveAction’s success is being driven by the management team’s dedication to offering innovative products and services that meet the needs of their clients for comprehensive and easy-to-use enterprise network management. We are pleased to partner with them, as well as AITV and Cisco, in this new phase of global growth.”
“We are proud to continue our investment in LiveAction. Their network management technology continues to help simplify the software-defined WAN (SD-WAN), making Cisco’s IWAN solution an easy upgrade for enterprise customers,” said Jeff Reed, vice president of Enterprise Infrastructure Solutions Group at Cisco.
LiveAction is award-winning software designed to simplify network management. Initially developed to aid the U.S. Department of Defense in the operation of its networks, LiveAction features an innovative visual display, real-time big data analytics for decision-making, and deep integration with routers and switches for unparalleled network control. LiveAction accelerates troubleshooting with its QoS control, application-aware, and WAN functionality developed in collaboration with Cisco. http://www.liveaction.com or follow us on twitter: @LiveactionIT
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit http://www.insightpartners.com or follow us on Twitter: @insightpartners.
Founded in 2013, AITV is a US-based venture capital firm with offices in San Francisco, La Jolla and London. AITV invests in early-stage and medium-growth IT software companies that demonstrate tremendous opportunities for growth. With the sole purpose of altering the traditional approach to venture investing we are intentionally singular in our focus around IT Software. AITV applies a thriving engagement engine to our portfolio companies and we’ve developed a strategic ecosystem to ensure US and EMEA commercialization, revenue and exit pathways.http://www.aitv.co
Silicon Valley PR
LiveAction Announces LiveUX to Extend Visibility of Application Performance in the Cloud
New Product Enables Monitoring of Web-Based Applications from Anywhere
SANTA CLARA, Calif., June 2, 2015 – LiveAction, an innovative company known for its patented, award-winning visibility and network experience platform for large enterprises, announced today the release of LiveUX, a new software product designed to bridge network performance and application performance visibility into the public network. With LiveUX, IT organizations now have the ability to understand what users are experiencing with cloud and SaaS applications, such as SalesForce, Box.com, Google Docs, Microsoft Office365, Cisco WebEx, and custom services deployed in any cloud over any network.
The Hawaii Department of Education, the tenth largest school district in the U.S., has been testing LiveUX for network performance monitoring and end-user experience monitoring to quickly isolate and resolve perceived slow-downs in the network to ensure success of over more than 175,000 students. K-12 schools are migrating their common core standard testing, school entrance exams, and new digital learning experiences to cloud platforms. The challenge for IT and network teams in that environment is to know, when test day hits, that everything will go smoothly.
“Today, we are witnessing an unprecedented convergence between the network and the rapid adoption in the use of SaaS-based enterprise applications. This is creating new IT problems,” said Darren T. Kimura, CEO and chairman of LiveAction. “We are known for our visibility and control platform and today we extend our reach with LiveUX, which is designed to help our customers maintain visibility and enable user productivity when using cloud-based applications.”
“Over the past few years, there has been a shift in problem areas across the enterprise IT environment. Today, SaaS-based applications dominate the workforce and LiveUX has the ability to keep the workforce working,” said Drew Martin, former senior vice president and chief information officer of Sony, Inc.
Managing user experience has direct impact on revenue and productivity, or student success in the case of web-based educational materials and testing. LiveUX gives organizations the tool needed to identify and troubleshoot issues occurring in the new hybrid IT environments made up of these managed and unmanaged domains. Pinpointing the location, scale, and scope of user experience issues dramatically reduces potential downtime and lost productivity.
LiveUX will be available for evaluation and purchase in July, 2015. For more information visit http://www.liveaction.com/ux.
LiveAction Network Experience (LiveNX) was initially developed to aid the U.S. Department of Defense in the operation of its networks. The company is now helping worldwide enterprises solve their network performance management problems. The LiveNX software features an innovative, easy-to-use visual display, real-time big data analytics for decision-making and deep integration with routers and switches for unparalleled network control. LiveNX accelerates troubleshooting with its Quality of Service (QoS) control, application-aware solution, and SD-WAN functionality. Learn more at www.liveaction.com. To follow us, join LiveAction at our Facebook, Twitter, and YouTube social media pages.
LiveAction is a registered trademark of LiveAction Inc. All product and company names herein may be trademarks of their registered owners.
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If you could bring a little happiness into someone’s life who needs it, wouldn’t you do it?
My friend, author and renown life coach Alice Inoue, has created “Happiness U” a community designed to provide people the tools to live life in a way that is authentic and true for you, resulting in a more positive and ease-filled approach to life. In other words, helping you unlock Happiness.
Happiness U is running an innovative Kickstarter campaign which you can check out and support at @Kickstarter http://kck.st/1G7OEjg. It’s a simple and easy way to start on your path to Happiness.
Studies have been shown that standing like a hero can make an individual feel more powerful. So, a smile can make you feel happier, and that smile shared can bring light to dozens or even hundreds of people every day. That’s the basic idea behind the “Happiness U Membership Scholarship Fund.” If you want to help spread Happiness, you may want to consider funding Scholarship Fund, like I did (via selecting “no reward” on Kickstarter). This fund will help those who need a little financial boost to get into the program. In return they must agree to pay the Happiness forward.
The Kickstarter campaign ends Wednesday 4/22 at 12PM HST so go now! (click the Happiness U icon at the bottom of this post).
Here’s a note from Alice. Hope this post has brought a little Happiness to your day!
|Dear Backers,As I write this, there are 233 backers to our project. We are so thankful for each of you and we can hardly wait to get your classes and books to you!!!For those of you who chose “no reward,” or pledged more than the award value, this weekend we created a Happiness U Membership Scholarship Fund which is for all the “extra” monies we received!!! So…people who want to commit to changing their lives, and don’t have the means, will have the opportunity to try for a full one year membership to attend Happiness U!Our plans are to have an application and screening process, and those accepted be held not only accountable to attend, but have to chose how they want to pay it forward. More details to come…but I want to thank Darren Kimura for suggesting this along with his generous pledge.He opened my awareness up to a WHOLE NEW AWESOME way to use our business as a vehicle for your donations to help others who can’t afford us! Stay tuned for more details as we iron it all out.We are SO APPRECIATIVE for this opportunity to further our social entrepreneurial vision thanks to your incredible generous donations.
This campaign ends on Wednesday (4/22) at noon HST. Thank you so much for your shares, positive words, and support. We will continue to be in touch.
Alice and the Happiness U Team
The 2013 USJC Annual Conference, held in Washington, DC from October 3 to 5, was a resounding success. With approximately 400 attendees, this 4th Annual Conference was our largest event yet. Themed “Risk, Reward and Innovation: Opportunities for the U.S. and Japan,” it convened top U.S. and Japanese leaders who discussed the long-term benefits of taking risks and innovative courses of action, as well as the significance of synergy among the business, government and civil society sectors.
Senator Mazie Hirono (D-HI).
Hiroaki Nakanishi, President of Hitachi, Ltd.
Deputy Secretary of State William Burns
Dr. Shinya Yamanaka, 2012 Nobel Prize in Physiology or Medicine & Director, Center for iPS Cell Research and Application (CiRA), Kyoto University
Kristi Yamaguchi, Founder of Always Dream Foundation, Champion Figure Skater and winner of “Dancing with the Stars”;
Ryu Goto, International Concert Violinist; and
Darren T. Kimura, Managing Director, Enerdigm Group, Inc.
Mr. John Strangfeld, Chairman and CEO, Prudential Financial, Inc.
Vice Admiral Harry B. Harris, Jr., Assistant to the Chairman of the Joint Chiefs of Staff, United States Navy
Daniel M. Tani, Vice President of Mission and Cargo Operations, Orbital Sciences Corp. and Former Astronaut
I was extremely fortunate to participate in the Hawaii Energy Excelerator.
At a time where most investors are leaving clean energy, one group stands firm in its commitment to bringing clean energy solutions to the world. If you care about clean energy, you need to stay tuned to what this group is doing. The Energy Excelerator
PR for Startups Silicon Valley Style:
How to Grow Your Company
Thursday, September 5, 11:30-1:30 pm, lunch provided
Manoa Innovation Center: Training Room, 2800 Woodlawn Drive, Suite 173
Learn how to think strategically about your startup’s communications, get the most out of PR at any stage of your company’s growth and work effectively with PR agencies during a lunchtime seminar designed for Honolulu entrepreneurs. Join panelists Darren Kimura, Lori Teranishi and Lauren Scherr, all Hawaii born and raised, for an interactive session moderated by Clifton Kagawa.
Lori Teranishi is Co-founder and Principal of IQ PR. Lori has provided PR counsel to emerging and Fortune 500 companies in a variety of industries. She has experience developing Board communications, launching major thought leadership campaigns and leading crisis communications for high-profile issues. Prior to founding IQ PR, Inc., Lori was Vice President of Product Development with Visa U.S.A. In her seven years with Visa, Lori held a variety of positions including Chief of Staff to Visa USA’s Chief Operating Officer where she instituted a company-wide business planning process and assisted in negotiating major deals with Fortune 50 companies.
Lauren Scherr consults emerging and high-growth companies at LaunchSquad, a San Francisco-based firm that provides a full suite of public relations and social media services. Lauren has experience developing and executing tech, trade, gaming, business and consumer PR initiatives for clients across industries. Prior to LaunchSquad, Lauren supported global communications programs at Electronic Arts, a leading interactive entertainment software company.
Darren Kimura is an experienced technology executive and entrepreneur with over twenty years of experience across IT, energy efficiency and solar technology. Over his career, he has served in corporate executive positions leading key strategic initiatives such as preparing for an Initial Public Offering, Mergers & Acquisitions for companies and technology, organizing teams, intellectual properties, and strategic engagements with Fortune 500 companies. Darren is the founder of Sopogy, Inc. and Energy Industries Corporation.
Moderator Clifton Kagawa is Chairman and CEO of Venture Capital Communications and Broadband iTV. He is also a partner at Sennet Capital. Previously, Clif was in public relations and marketing consulting, from 1998-2000 as Chairman and Chief Executive for New York-based Burson-Marsteller’s Asia Pacific region, and as a member of the advisory board for parent company Young & Rubicam. From 1988-98, Clif was Chairman and Chief Executive for international public relations consultancy Hill and Knowlton’s Asia Pacific operations. In the mid-90s Clif also had management responsibility for ad agency Ogilvy Hawaii. Prior to that, Clif was majority owner and Chief Executive of Communications-Pacific, a Hawaii-based public relations firm and, at the time, one of the 50 largest independent public relations consultancies in the US. It was acquired by Hill and Knowlton in 1987.
Back in March, I left the roles of Chairman, President, and Chief Executive Officer at Sopogy, Inc. a company I founded in 2002. At the time, I had envisioned an opportunity to work side-by-side with our new Board and leadership to grow and lead Sopogy forward. Unfortunately, this did not play out as such.
Thus, with a hand-over now complete to the leadership team from SunEdison, and after an incredible 11 years of building Sopogy, my tenure as a member of the staff at Sopogy has come to a close this week as I have been asked to step down as a member of team Sopogy.
This has been an amazing experience of planning, incubating, launching, commercializing, and globalizing our Hawaii technology company. Many said it could not be done from Hawaii. Others doubted us every step of the journey. Some still do. Yet we took the an idea to become a global technology with customers around the world including some of the biggest companies in the world including Hitachi, Chevron, Toshiba, and InBev. In addition our outstanding team developed over 130 megawatts in India, 360 megawatts in Thailand, and 105 megawatts in the Philippines. The total portfolio has a value worth over $2.5 billion! Almost unbelievable to think all this was done from Hawaii.
I thank our former Hawaii board, investors and employees for their hard work, their belief that we could achieve our common vision and their support over the many years. I thank Hawaii for giving us the opportunity to dream big.
Please know that this is not the end for Sopogy, just the end for me as a member of its staff. I am hopeful for many great things yet to come.
Building a technology start-up company is challenging. As a percentage, the amount of companies that survive the journey is in the single digits. Doing it from Hawaii adds an additional level of intricacy and challenge.
In the future, I am excited to leverage my experiences to make start-up companies in Hawaii more efficient and increase the probability of success.
As for me, what’s next? Stay tuned…