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BEZ Systems Secures $7.5 Million in Series C Financing Led by Ascent Venture Partners; Funds will Propel Company Growth and Enhance Market Penetration.

Publication: Business Wire
Publication Date: 18-SEP-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOSTON -- BEZ Systems, an innovator in the emerging market for Proactive Performance Management (PPM) solutions today announced it has raised $7.5 Million in Series C preferred financing from proven and successful software industry investors. The funds will be used for working capital, further development of its flagship product BEZProphet(TM) and to develop new products that capitalize on BEZ's pioneering position in PPM software with advanced analytics and predictive technology.

At the core of the PPM platform is a profiling and prediction engine that gathers performance data from the environment and continuously builds and calibrates individual service delivery profiles...

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