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
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