3/18/2005 - OpenLogic, Inc., the leading provider of software and services that enable development and IT organizations to easily create and manage their own integrated, commercial-grade Open Source development and deployment environments, announced that it has closed a $4 million Series A round with Appian Ventures, Red Rock Ventures, Highway 12 Ventures and Village Ventures. The company will use the funding to expand its development, sales and marketing efforts and to open new offices in Broomfield, Colorado in the Boulder-Denver High-Tech Corridor.
OpenLogic's BlueGlue Open Source Infrastructure Management Suite is the first software that automates the reliable installation, configuration, integration, test and maintenance of stacks built from customer-specified combinations of over 100 leading Open Source projects on developer desktops and deployment servers.
"BlueGlue has helped us to substantially reduce costs and improve our development schedules. The software, documentation, knowledgebase and sample applications are all tremendously valuable in improving development team productivity and the quality of our open source infrastructure," said Chip Anderson, President of StockCharts.com.
"Enterprises are facing real complexity and cost of ownership issues as they try to take advantage of Open Source software beyond the operating system. Solutions like BlueGlue are very helpful in eliminating those issues and preserving the cost savings of Open Source," said Gary Hein, Analyst for the Burton Group.
"As more companies take advantage of Open Source software beyond Linux, there is a growing need for solutions that help them manage it in an efficient manner. We see this as a unique opportunity to participate in the fast growing Open Source space with a company that has a unique solution that solves real customer needs," said Mark Soane, Managing Director at Appian Ventures.
"OpenLogic has a mature product that has already been battle-tested by hundreds of customers. The market is ripe for taking their solution to the next level," said Red Rock Partner Bob Marsh.
Company Bolsters Board and Management team with Software and Open Source Veterans.
OpenLogic has also significantly enhanced its management team and board by adding industry veterans Doug Barre as Chairman, Rob Balgley as a Member of the Board and Greg Orzech as VP of Sales.
Doug Barre most recently held the role of chief operating officer at Borland Software Corporation. During his three-year tenure, he was instrumental in almost doubling revenues to US$300M and increasing the company's overall market opportunity. While at Borland, Doug also led the creation of a $12 million business around the company's Open Source Interbase product. Prior to joining Borland, Barre was Sr. Vice President for Compuware's Products Division where he had responsibility for 165 products. Prior to Compuware, Barre was CIO for Canadian mobile telecommunications leaders Bell Mobility and AT&T/Cantel (now Rogers Wireless). Barre began his career supporting technology needs at Texaco. During his 25 years with the company, he held a number of senior positions including CIO.
Rob Balgley was most recently CEO of Jabber, a company that develops and sells instant messaging and collaboration software. At Jabber, Rob led efforts to triple revenues and gain #2 market share to IBM. He also led Jabber's strategy and entry into the Open Source space and helped pioneer the development of Open Source business models. Prior to Jabber, Balgley was CEO of Wireless Telecom.
Greg Orzech, the company's new VP of Sales, most recently served as Senior Vice President of Worldwide Sales for VA Software, a pioneer and leader in the Open Source movement. He was instrumental in the successful turnaround and transition of VA Linux Systems to VA Software while expanding VA's presence in enterprise accounts with SourceForge. Before VA Linux, Mr. Orzech served as vice president of worldwide sales at Synopsys.
"We're absolutely thrilled that Doug, Rob and Greg have joined OpenLogic. Their track records and experience in both the software industry and the Open Source space are stellar and will help guide us as we help make Open Source easy for developers and IT professionals worldwide," said Roy Kligfield, OpenLogic CEO.
Separately, the company also announced the release of the 3.1 version of its BlueGlue Open Source Infrastructure Management Suite. Version 3.1 bolsters Web Framework, Eclipse, and risk management features. With 15 newly added tools and sample applications, BlueGlue now supports over 125 in the suite.
OpenLogic is the leading provider of software and services that enable development and IT organizations to easily create and manage their own integrated, commercial-grade Open Source development and deployment environments. Its BlueGlue Open Source Infrastructure Management Suite is the first software that automates the reliable installation, configuration, integration, test and maintenance of certified and supported stacks built from customer-specified combinations of over 100 leading Open Source projects. As a result, customers benefit from the quality, choice and cost benefits of Open Source software without having to compromise on interoperability, dependability or management costs. For more on OpenLogic and BlueGlue, go to www.openlogic.com.
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