“Our style of investing targets late-stage companies that are best in class,” said Mark Lockareff, venture partner at Meritech Capital Partners. “We’ve seen AmberPoint’s performance in terms of revenue, customer traction, and their ability to establish the partnerships necessary to win in this market. Having tracked the SOA Web services market for several years now, we’ve evaluated many companies in this space and are very confident in AmberPoint’s ongoing success.”
AmberPoint will use the funding to expand engineering operations, customer support, sales and marketing. It will also continue its worldwide expansion. AmberPoint products are used in 63 countries around the globe, and are available in eight languages. AmberPoint leads its market with the most signed customers and the most customers in production of any company in the rapidly growing SOA runtime governance market.
“AmberPoint continues to deliver the financial metrics that attract and retain venture investors,” said Bill Younger, managing partner at Sutter Hill Ventures. “The SOA management market continues to grow as more and more organizations migrate to services-based applications. AmberPoint is well positioned to expand its lead in this market, with innovative new solutions, deep partnerships with other industry leaders and a management team that’s proven its ability to guide a company to success.”
“This round followed the same pattern as our previous rounds—a new investor, an increase in valuation and participation from all existing investors,” said John Hubinger, AmberPoint CEO. “We will be profitable this fiscal year, and will continue to generate positive cash flow. This round gives us great flexibility to manage our growth, so we’re grateful to have the confidence of well respected investors backing our company.”
About Meritech Capital Partners
Meritech Capital Partners is a leading provider of late-stage venture capital to the most promising private technology companies. With over $2.2 billion under management, Meritech seeks to lead investments in the portfolio companies of leading early-stage venture capital firms and looks for companies with proven and differentiated technology, rapidly-growing revenue and seasoned management teams. As one of the most active late-stage investors, Meritech provides guidance on a number of issues that rapidly growing companies typically face, including management incentive plans, IPO market timing and positioning, adviser selection, and post-IPO ownership transition. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.
About AmberPoint
AmberPoint is the industry’s leading provider of SOA visibility, management and security solutions. Customers such as British Telecommunications, H&R Block, Motorola and the U.S. Department of Defense have chosen AmberPoint for its comprehensive capabilities, its non-invasive approach and its native support for Java and .NET. For more information, contact AmberPoint at 510.663.6300 or info@amberpoint.com.
Press Contacts:
AmberPoint, Inc.
510.433.6553
bdever@amberpoint.com
Kim Abreu
Atomic Public Relations
415.402.0230
kim@atomicpr.com
