nlyte Software Gets $12 Million Funding
November 23rd, 2010 By: Rich Miller
nlyte Software, which makes data center management tools, has received $12 million in Series C funding. Led by NGEN Partners, the new capital will be used to expand nlyte’s operations, speed product development, and add new partners and staff. Existing investors Balderton Capital, Ruffer LLP and Montalcino Holdings also participated in the round.
nlyte allows data center staff to manage critical infrastructure, with a focus on capacity planning, one of the most critical and challenging tasks for managers of growing companies. The software provides change and configuration modeling, workflow and process automation, and tracking of power, cooling, cabling and network connections.
NGEN Partners is a leading investor in the cleantech sector. As part of the agreement Rosemary Ripley, managing director of NGEN, will join nlyte Software’s Board of Directors.
“At NGEN we invest in strong, proven management teams running high growth businesses that deliver resource efficient solutions to their customers,” said Ripley. “nlyte Software is a clear leader in the rapidly growing, multibillion dollar DCIM segment. This, together with a proven ability to help organizations significantly reduce their energy spending, makes the company an exciting new investment for NGEN.”
“In the past year we have experienced record growth, accelerated customer acquisition, added valuable partnerships such as HP, BMC and VMware, won numerous product awards and delivered significant new product capability, ” said Jon Temple, president and CEO of nlyte Software. “I am therefore thrilled to end an already memorable 2010 by attracting a leading Silicon Valley cleantech investor such as NGEN Partners and am very excited to join forces with them as we continue on our quest to help build a more environmentally responsible world, one data center at a time.”