ScienceLogic Raises $15M Growth Equity Investment from NEA

Funding Enables ScienceLogic to Expand and Accelerate Cloud Monitoring Focus

Reston, VA (PRWEB) April 7, 2010 -- ScienceLogic, a leading IT operations and cloud monitoring provider, announces the closing of a growth equity investment from New Enterprise Associates (NEA). As one of the fastest growing companies in the United States, privately-held ScienceLogic will leverage this cash infusion to immediately capitalize on the huge disruption in the marketplace as service providers and enterprises embrace cloud computing. This is the first institutional round of investment for the high-growth company.

"From day one, we have built a comprehensive, scalable solution that monitors all of the infrastructure components that make up IT service delivery," said David Link, CEO and co-founder of ScienceLogic. "Service providers have always needed this solution, and more enterprises are realizing that they need this critical piece as they make the move to build private clouds and utilize more public and hybrid cloud resources. With this funding, we aim to transform ScienceLogic into the company you turn to first, because we have already solved this problem for some of the most demanding enterprises and service providers."

ScienceLogic's award winning EM7 solutions offer robust service provider features – from multi-tenancy to chargeback based on actual resource utilization to integrated physical and virtual systems monitoring – that are now critical components of any true private cloud monitoring solution. EM7 solutions are additionally designed to monitor datacenter resources, mobile and remote assets and public and hybrid cloud resources all from a single console.

"The shift from client-server to cloud computing creates massive opportunity in the IT management marketplace," said Jon Sakoda, partner at New Enterprise Associates. "There will be new winners who can move fast and provide the best technologies to help enterprises tackle these new challenges. We believe ScienceLogic is positioned to be a leader in this space, cutting through the cloud hype with a proven solution designed from the ground-up to manage private cloud and hybrid environments.

About ScienceLogic Founded and staffed by technology professionals who are intensely focused on making IT management simpler, better and faster, ScienceLogic is committed to helping IT simplify datacenter and cloud management with a single integrated solution that provides value immediately. ScienceLogic's patent-pending EM7 Meta-Appliances are a next-generation "framework" solution engineered to deliver comprehensive systems, network and application management out-of-the-box. The revolutionary EM7 technology combines a secure and pre-integrated set of applications with automation tools, reporting, "single pane of glass" view and centralized data repository - all optimized to work together for proactive and efficient IT operations management. Industry Awards: Inc500 list of Fastest Growing Private Companies, Winner - Best of Interop/Network Management) 2009, Gartner Cool Vendor in IT Operations 2009. For more information, call 1-800-SCI-LOGIC (1-800-724-5644) or visit our web site at www.sciencelogic.com.

About New Enterprise Associates New Enterprise Associates, Inc. (NEA) is a leading venture capital and growth equity firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. Since the firm's founding in 1978, NEA's experienced management team has invested in over 650 companies, of which more than 165 have gone public and more than 265 have been acquired. In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.

ScienceLogic, EM7, EM7 G3 and EM7 Meta-Appliances are trademarks of ScienceLogic, LLC in the United States and other countries. Other company, product and service marks may be trademarks

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