ProactiveNet Closes $15M Round of Funding; Investors Include Sun Microsystems and Wit SoundView Ventures. - Free Online Library

The funds will be used for R&D, international expansion, and channel development.Headquartered in Silicon Valley, ProactiveNet develops solutions based on statistical analytics for operations teams to manage web application infrastructures. Equipped with these unique problem identification capabilities, operations staff are immediately notified when a performance degradation problem is developing anywhere within the infrastructure, and can immediately determine and deploy corrective measures to resolve the problem.Coming in the midst of a slowdown in technology investment, the funding is a strong indicator that companies in strategic market segments with proven solutions, market momentum and a solid business plan can successfully fund growth. "Andrew Weissman, managing director for Wit Soundview Ventures, said the round was a sign that leading companies in strategic areas are still sound investments. ""The detailed, real-time performance data provided by ProactiveNet is extremely valuable to the people managing IT services," said Brian Sutphin, vice president of Strategic Investments at Sun Microsystems. The companys solutions enable businesses to deliver a consistently positive web experience to end-users resulting in measurable improvements in customer loyalty, operational efficiency and online revenues.