Pitango Venture Capital and Index Ventures Make Additional Investment in Evolven Software
Pitango Venture Capital and Index Ventures invested further in Evolven's SaaS-based configuration management software, the industry's most adaptive change management analytics.
- (1888PressRelease) December 06, 2011 - Jersey City, NJ - Pitango Venture Capital and Index Ventures completed another round of investment in Evolven Software, the provider of breakthrough change and configuration management software for the modern data center and cloud.
The Evolven solution was specifically designed to meet the demanding dynamics and complexity requirements driving today's IT environments. Evolven redefines change and configuration management with its groundbreaking software-as-a-service Change and Configuration Monitoring solution, enabling companies to dramatically increase the stability of their IT environments, reduce the risk of production outages, lower operating costs, and cut environment incident investigation time and effort.
"More than ever the industry is finding that existing IT change management and configuration management tools are too rigid and limited for collecting and analyzing comprehensive environment configuration information, especially at a granular level of detail," says Sasha Gilenson, Evolven CEO. "This round of investment from some of the world's leading venture capitalists shows the enthusiasm for bringing a new analytics driven SaaS-based model to allow IT operations to know exactly what has changed in their environments and maintain environment consistency."
Recently, Enterprise Management Associates (EMA) senior analysts explored why it has never been more challenging to effectively cope with the impact of change and configuration issues in the modern data center. In the report, they identify Evolven as having unique qualities over other enterprise vendors, stating: "… none appear to have delivered as distinctive and adaptive a footprint in this arena as Evolven."
This round of financing will be used for further development of Evolven's SaaS-based Change Monitoring solution, targeting delivery to both the U.S. and European markets. Evolven is also available as an on-premise option.
"Evolven's SaaS model has a strong first-mover advantage, and an unprecedented opportunity to redefine configuration management, by making it accessible and consumable across IT operations," says Rona Segev-Gal, General Partner at Pitango Venture Capital, "Evolven is simple to use, it can be up and running in a few minutes and provides significant opportunities to improve IT operations, efficiency and time-to-value."
Pitango Venture Capital is Israel's leading venture capital firm investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1.3 billion in committed capital invested in more than 100 companies.
Index Ventures is a leading European venture capital firm active in technology venture investing since 1996. The firm is dedicated to helping top entrepreneurial teams in the Information Technology and Life Science sectors build their companies into market defining global leaders.
About Evolven
Evolven redefines change and configuration management with its groundbreaking Change and Configuration Monitoring solution. Evolven's software-as-a-service solution enables companies to dramatically increase the stability of their IT environments, reduce the risk of production outages, lower operating costs, and cut environment incident investigation time and effort.
Evolven is a privately held, venture backed company headquartered in the U.S., with presence in the US, Europe and the Middle East and a development center in Israel. Evolven's executive team and advisory board include world-renowned experts from the world of IT management and enterprise software.
Evolven's investors are leading venture capital firms Pitango Venture Capital and Index Ventures.
See the Evolven media kit for company highlights, background, and downloads.
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