Mu Dynamics (Formerly Mu Security) Receives $10 Million Series C
Financing Round to Expand Go-to-Market Efforts and Capitalize on
Business Momentum
Global Demand for Mu’s Proactive Elimination
of Service, Application, and Network Downtime Pushes Worldwide
Deployments to More Than 100
SUNNYVALE, Calif. (Business Wire EON/PRWEB ) May 19, 2008 --
Mu Dynamics, a pioneer in helping network operators and their vendors
eliminate downtime through proactive service assurance, today announced
a $10 million
third round of financing led by Focus Ventures and previous investors
Accel Partners, Benchmark Capital and DAG Ventures. The funds will
accelerate the company’s rapid market
expansion, particularly among Tier
1 Network operators and their vendors. Mu now has more than 100
active deployments worldwide. (Editors note: See today’s
announcement from Mu Dynamics: Mu Broadens Ability to Eliminate
Service, Application, and Network Downtime with Addition of Denial of
Service Module.)
“Given
the six-digit costs associated with even a single hour of downtime
in any operators’ networked applications or
even SaaS offerings, there is a significant worldwide market opportunity
for Mu's systematic, automated and proactive approach to pinpointing
potential sources of failure in IP-based infrastructures,”
said Jim Boettcher, general partner with Focus Ventures. “The
company's track record with leading global operators is among the
reasons we're so bullish about our investment in Mu.”
Mu’s award-winning
solution, the Mu-4000 appliance, is widely adopted globally at more
than 100 installations within global service providers and their
strategic vendors. The Mu solution automates the detection, isolation
and elimination of a wide range of weaknesses in IP-based networks and
supplier products. This methodical and proactive approach maximizes
network operator service availability and network uptime. With the
Mu-4000, service providers can proactively eliminate
many sources of costly downtime, avoid reputation damage, ensure
customer satisfaction is maintained at the highest levels possible, and
reduce costly customer churn.
“Network operators are introducing new and
enhanced IP-based services at an accelerating pace in order to quickly
generate new sources of revenue and differentiate themselves,”
said Rebecca Swensen, research analyst, VoIP services at IDC. “Mu
offers a solution to address the complexity underlying VoIP,
IPTV, and IMS deployments. The ability to roll out new, quality
services quickly is integral to customer satisfaction. Mu's solution
integrates into an operator’s existing
processes to provide greater availability and reliability.”
Mu is also updating its company name to “Mu
Dynamics” to reflect this growing solution
set around the dynamic nature of network services, applications and wide
range of end to end network products.
“We’ve evolved the
Mu solution to address a broader set of problems faced by customers that
focus on the challenges posed by service, application, and network
downtime,” said Dave Kresse, CEO of Mu
Dynamics. “’Dynamics’
better describes the value proposition of our solution’s
ability to detect sources of potentially costly downtime before our
customers experience outages that result in revenue loss and customer
churn. With a significant new round of financing backed by some of the
most prestigious venture capital firms in the industry, and continued
strong customer adoption from leading global network operators and their
vendors, we are poised for even greater success moving forward.”
About Mu Dynamics
Mu Dynamics proactively eliminates the high cost of service, application
and network downtime. Mu’s solution automates
a systematic and repeatable process that identifies hard-to-detect
sources of potential downtime within IP services, applications, and
underlying networks. The award-winning Mu solution is deployed at more
than 100 locations, primarily at leading global service providers, cable
operators and network product vendors.
Headquartered in Sunnyvale, California, Mu is backed by leading venture
capital firms that include Accel Partners, Benchmark Capital, DAG
Ventures and Focus Ventures.
See the original story at: http://eon.businesswire.com/releases/network/service/prweb954494.htm
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