SevOne Gets Another Round

SevOne, the Newark, Delaware provider of network monitoring systems, has received an additional $2 million in venture financing, according to Dow Jones Venture Wire. The funding comes entirely from existing investors, including Osage Ventures and SunGard Data Systems founder John Ryan. It will be used to bring the Marketing function, which had been outsourced, in-house. SevOne previously raised a $1.5 million Series A round in September 2007.
SevOne's system is designed to capture absolute peaks in network traffic, rather than just data averaged over some time period. It appeals to customers managing very time-critical applications such as hospitals and financial services institutions. The comapny has over 100 customers, including Comcast Corp., Kohler Co., Alere Medical Inc., and three of the world's largest banks, and has been the recipient of several industry recognition awards.



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