NEW YORK, July 23 /PRNewswire/ -- OpTier(TM), the leader in business transaction management, today announced a strategic investment by Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate. The investment adds an undisclosed amount to OpTier's recent $15M third round of funding from Gemini Israel Funds, Pitango Venture Capital, Carmel Ventures and Lightspeed Venture Partners.
NEW YORK, July 23 /PRNewswire/ — OpTier(TM), the leader in business transaction management, today announced a strategic investment by Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate. The investment adds an undisclosed amount to OpTier's recent $15M third round of funding from Gemini Israel Funds, Pitango Venture Capital, Carmel Ventures and Lightspeed Venture Partners.
The relationship with Cisco strengthens and accelerates OpTier's focus on delivering solutions that provide a business context to the management of networks and data centers – enabling end-to-end, consistent, business aligned quality of experience (QoE) and service levels. "Our collaboration with Cisco reflects our joint recognition of the needs of IT managers," said Israel Mazin, CEO & Chairman of the Board at OpTier. "Meeting service level goals requires a new approach to managing the IT infrastructure where data centers, network resources and applications are intricately and dynamically linked. The collaboration between Cisco and OpTier will allow customers to optimize their entire infrastructure to meet business needs through a unified business transaction view across servers and network tiers."
"As application architectures become more modular and distributed, the business implications of this complexity and the impact of network latency on end-to-end application performance become more profound. At the same time, effective analysis of the root cause of network faults and effective management of network configuration requires an increasing sensitivity to the application transaction context of IP packet flows," said Will Cappelli, research VP, Gartner, Inc. during a presentation titled "Managing Applications in the Age of SOA and Web Services" at the Gartner IT Infrastructure, Operations & Management Summit on June 12, 2007. "Hence the convergence of network management and application management has become a central market imperative. Application transactions visibility is a key element of this convergence, conveying the context of business activities as they traverse servers and networks."
OpTier's flagship product, CoreFirst, dynamically links business services to IT infrastructure, assuring service delivery and optimizing IT resources. Its unique Business Transaction Management technology delivers end-to-end visibility and control of all business transactions, all the time. CoreFirst automatically discovers, tracks, monitors and profiles all transactions — across all tiers – to clearly map IT business service topology. This improves collaboration among different stakeholders by providing them with a common transactional context, reducing the cost and time to resolve application and platform performance issues.
Forrester Research named OpTier a strong performer in The Forrester Wave(TM): Business Service Management, Q1 2007. OpTier's award-winning product, CoreFirst, was recognized as a 2006 Software and Information Industry Association CODiE Awards Finalist in the Best Software Testing Solution category. The company also received the Datamation.com Product of the Year 2006 Award in the IT/Business alignment category.
OpTier(TM) provides software solutions that dynamically link business services to underlying IT infrastructure, assuring service delivery and optimizing IT resources. Its unique Business Transaction Management(TM) technology — which delivers end-to-end visibility and control of all business transactions — makes effective Business Service Management a reality. OpTier tracks and monitors all business transactions — across all tiers, all the time. It identifies and isolates performance problems as they develop, thus minimizing the cost to resolve them. OpTier generates intelligence, for more effective testing, capacity planning, provisioning and decision-making. It can further prioritize transaction resource allocation based on business needs. For more information, visit www.optier.com.
OpTier, CoreFirst and "Putting First Things First" are trademarks of OpTier. Contacts: Michael Wooh Avi Dines/Jen Barlow OpTier Schwartz Communications, Inc. 212-679-2700 781-684-0770 firstname.lastname@example.org OpTier@schwartz-pr.com