Pasadena, Calif.-July 14, 2003-Intersperse, Inc., a provider of management
software for the mission-critical application and integration infrastructure
of the global enterprise, today announced that it secured $9.3 million
in new venture financing that will be put towards business expansion through
additional investments in product development, sales and marketing. The
third round of funding by Palomar Ventures, Kleiner Perkins Caulfield
and Byers, Clearstone Venture Partners and Rustic Canyon, brings the total
amount of capital raised to $28.3 million.
Todays complex enterprises demand that critical IT processes
support core business goals. Intersperse brings the visibility and control
needed to proactively manage diverse enterprise architectures and provide
business process assurance, said Jim Gauer, general partner of Palomar
Ventures. With its strong executive leadership team, advanced technology
and clear strategic vision, Intersperse is poised for success in this
Intersperse offers a distributed management solution for the enterprise
that enables vendor-independent visibility into software components across
all application, integration and process servers that support Java Management
Extensions (JMX). Intersperse Manager allows IT personnel, from executives
to developers, to maintain constant visibility into business events as
they occur, to predict business process failures and to proactively adjust
the environment to maximize Business Process Assurance.
This round of funding reflects the confidence of world-class investors
in both the great market opportunity and in Intersperses ability
to deliver advanced solutions to manage critical applications across broad
IT environments, said Daniel Udoutch, Intersperse president and
CEO. Intersperse will leverage this additional funding to accelerate
our momentum through ongoing product development, marketing and sales
Intersperse, Inc., is an enterprise software company that provides a distributed
management solution for software components and services across application,
integration and process servers. The Intersperse Manager enables IT integration
teams to gain vendor-independent visibility and control of their integrated
application environments-resulting in reduced operational risk and increased
service levels to business. Our solutions are deployed at Fortune 500
customers within financial services, high-tech manufacturing, telecommunications
and retail. Intersperse is headquartered in Pasadena, CA. For more information,
please visit www.intersperse.com.
Intersperse and Intersperse Manager are trademarks of Intersperse, Inc.
All other product and company names mentioned are the property of their
respective owners and are mentioned for identification purposes only.