Data Center Infrastructure Management (DCIM) Leader to Use Investment to Meet Rapidly Increasing Global Demand
Menlo Park, CA – November 23, 2010 – nlyte Software, the only provider of performance-based solutions for Data Center Infrastructure Management (DCIM), announced today that it has received $12 million in Series C funding. Led by NGEN Partners, the new capital will be used for expansion of operations, acceleration of product development, strengthening of the partner ecosystem and the continued attraction of world class talent.
Founded in 2001, NGEN is a pioneering investor in the cleantech sector. As part of the agreement Rosemary Ripley, managing director of NGEN, will join nlyte Software’s Board of Directors. Existing investors Balderton Capital, Ruffer LLP and Montalcino Holdings also participated in the round.
“At NGEN we invest in strong, proven management teams running high growth businesses that deliver resource efficient solutions to their customers,” said Rosemary L. Ripley, managing director of NGEN Partners. “nlyte Software is a clear leader in the rapidly growing, multibillion dollar DCIM segment. This, together with a proven ability to help organizations significantly reduce their energy spending, makes the Company an exciting new investment for NGEN.”
nlyte Software’s DCIM solution helps data center and facilities managers optimize physical capacity including power, cooling and space. It is the most complete solution for DCIM and provides customers with the information needed to make intelligent capacity planning decisions that can result in up to a 20% annual reduction in data center operating expenses, a 50% reduction in the time to deploy new assets, extending data center life by up to 75%, and helping attain a Power Usage Effectiveness (PUE) rating of 2.0 or less.
“In the past year we have experienced record growth, accelerated customer acquisition, added valuable partnerships such as HP, BMC and VMware, won numerous product awards and delivered significant new product capability, “ said Jon Temple, president and CEO of nlyte Software. “I am therefore thrilled to end an already memorable 2010 by attracting a leading Silicon Valley cleantech investor such as NGEN Partners and am very excited to join forces with them as we continue on our quest to help build a more environmentally responsible world, one data center at a time.”
About nlyte Software
nlyte Software is a leading provider of data center infrastructure management (DCIM) solutions for intelligent capacity planning. Its performance-based solution enables the world’s largest companies to optimally place data center assets to make the most efficient use of power, cooling and space, enabling a reduction in operating expenses by as much as 20% annually. Founded by data center professionals in 2003, nlyte Software is headquartered in Menlo Park, California and can be found online at http://www.nlyte.com.
About NGEN Partners
Founded in 2001, NGEN Partners is a pioneering investor in the cleantech sector. NGEN invests in early to late stage businesses that offer economically valuable products and services that promote the use of sustainable resources. With a history in materials science, NGEN has deep expertise in alternative energy, energy efficiency, pollution abatement and green resources. www.ngenpartners.com.
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