IDG Contributor Network: What’s with application monitoring? Another company picks up a monster funding round

An interesting thing is going on in the application and infrastructure monitoring space. A ton of money is being poured into the various vendors in the market, and all of those vendors are rapidly morphing their platforms to provide holistic monitoring functionality. No longer is it just about application monitoring or infrastructure monitoring in isolation. What is de rigueur today is combined monitoring that provides the often-talked about “single pane of glass” across all of an organizations assets.

+ Also on Network World: Infrastructure monitoring products: Users pinpoint the best and worst features +

It’s a fairly busy space—New Relic, DataDog, AppDynamics and a host of others compete. And to that list we must add Wavefront, a Silicon Valley company that recently scored an impressive $ 52 million by way of a Series B funding round. The company advises that their valuation increased four times compared to their Series A round—no down valuations for this player. It also scored top-shelf investors, existing investors Sequoia Capital and Sutter Hill Ventures were joined by new investor Tenaya Capital and other equity holders.

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Network World Cloud Computing

IDG Contributor Network: No IPO, debt funding instead. Intacct gets some fuel

Cloud ERP vendor Intacct last week announced that it has secured debt funding by way of a $ 40 million facility from Silicon Valley Bank. This comes at the same time as Intacct announced year-on-year new bookings increasing by some 34 percent.

Intacct has an interesting job in front of it — it is a mid-market vendor and therefore fills the space between tools designed for small and mid-sized businesses (QuickBooks and Xero, for example) and more enterprise-focused tools such as NetSuite, SAP, and Oracle. The mid-market space is a difficult one — customers have a plethora of different requirements and often the complexity, if not the budgets, are similar to those of larger enterprise organizations.

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Computerworld Cloud Computing

Okta hits $1.2B valuation after new funding

As businesses are increasing turning to the cloud for enterprise-level software and services, login management startup Okta announced today it has raised a fresh $ 75 million in funding.

Okta helps companies manage the various logins, passwords, and access to a plethora of cloud-based services they may have need of on a consistent basis. Employees enter login info to various services via Okta the first time, then refer back to Okta rather than logging in directly. (So for example, Okta could manage your login info for your company email account, task management service Asana, and the company brand’s Twitter account.) The idea is to get a better sense of who has access to what services, while eliminating possible phishing attacks or other malicious ways a hacker might gain access to a company’s various assets.

“We’re at an important inflection point where IT leaders, product developers, industry analysts and the biggest technology companies in the world are acknowledging the critical role identity plays in connecting people, apps, devices and organizations,” said Okta CEO Todd McKinnon in a statement.

The funding round itself was led by Andreessen Horowitz, Greylock Partners, and Sequoia Capital, with participation from additional existing investors. It also brings the total raised by the company to $ 230 million, and boosts its valuation to $ 1.2 billion, according to the Wall Street Journal. (Yes, for those keeping track, Okta is now the latest member of the Unicorn club — aka startups with a valuation that exceeds $ 1 billion.)

Okta hits $ 1.2B valuation after new funding originally published by Gigaom, © copyright 2015.

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