03/07/2006
OpTier raised $7 million from Carmel Ventures, Lightspeed and Pitango
OpTier, a provider of the transaction workload management software solution, has raised an additional $7 million in follow-on funding from its current investors, Carmel Ventures, Lightspeed Venture Partners and Pitango Venture Capital.
In February 2004, OpTier has secured $7.5 million in a 2nd financing round from Lightspeed Venture Partners, following a September 2003 $8.6 million 1st round with Carmel Venture Partners and Pitango Venture Capital.
OpTier develops software that dynamically assures IT business service levels and optimizes resources for the enterprise. The company's flagship product, CoreFirst, introduces a transactional context for IT service management that helps to eliminate performance issues and provide proven results that directly impact the bottom line. Within the past few months, several Fortune Global 100 organizations have signed deals with OpTier and have deployed CoreFirst.
Established in 2002, OpTier is headquartered in New York, with sales offices throughout the US and in Europe. The company CEO and chairman of the board is Israel Mazin, the co-founder of Memco Software, which was acquired by Computer Associates in 1999.
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