SevOne

SevOne, Inc.
Private
Industry
Founded 2005
Founders
  • Vess Bakalov
    Tanya Bakalov
Headquarters Wilmington, Delaware, United States of America
Key people
  • Jack Sweeney
  • Chief Executive Officer
Number of employees
 400+
Website www.SevOne.com

SevOne, Inc. is a venture-funded digital infrastructure management software company. The SevOne Data Platform is a network and infrastructure management platform.

The company is based in Delaware and named after the slang for the “severity one” performance problems network managers face.[1]

The SevOne PAS includes different virtual and physical appliances each capable of monitoring 5,000 to 200,000 network elements and the SevOne Dedicated NetFlow Collector (Sevone DNC) that supports up to 1,000 NetFlow interfaces per appliance.

History

The company was founded in 2005 by computer scientists from the University of Delaware who also served as network architects at leading financial institutions. SevOne is funded and backed by a group of private investors and venture capitalists.[2]

In July 2007, venture capital firm Osage Ventures led a Series A Preferred placement in SevOne. In March, 2009, Osage led a second round of financing in SevOne along with several private investors.

In January 2013, SevOne announced a $150 million investment from Bain Capital.[3]

In April 2014, SevOne acquired log analytics provider, RapidEngines.[4]

In September 2015, SevOne announced a $50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures. Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners also participated in this round.[5]

References

  1. ↑ Dubie, Denise (2008-06-10). "Start-up SevOne tackles severe performance problems. SevOne's appliance helps network managers deal with network and application issues". Network World. Retrieved 2008-09-28.
  2. ↑ SevOne - About Us
  3. ↑ "Posting Its 6th Consecutive Year of Record Revenues, SevOne Receives $150 Million Investment from Bain Capital". Retrieved 1 March 2013.
  4. ↑ "SevOne buys analytics provider RapidEngines". Retrieved 29 May 2015.
  5. ↑ "SevOne Announces $50 Million Financing Round Led by Westfield Capital Management and Bain Capital Ventures". Retrieved 23 September 2015.
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