SageCreek Partners Works with Viewfinity

Tuesday, February 16, 2010 8:29AM

Viewfinity Secures $9m in Series B Funding; Expands Advisory Board

Viewfinity Validates its Vision and Strength with New Advisory Board and Investors; Adds Systems Management Industry Icon Greg Butterfield to Board

Waltham, MA February 16, 2010 — Viewfinity, the the innovator of systems and privilege management via cloud-computing, today announced $9 million in B-round funding from Giza Venture Capital, JK&B Capital and Longworth Venture Partners. This announcement comes in tandem with the expansion of Viewfinity’s advisory team and newest board members, Greg Butterfield and Nilanjana Bhowmik.

Systems management icon Greg Butterfield, former CEO and Chairman of Altiris, is renowned for his business achievements that include the growth and mergers/acquisitions of WordPerfect to Novell, Vinca to Legato, Altiris to Symantec and Omniture to Adobe. Greg’s proven success in the systems management space and his alignment with Viewfinity’s vision and direction will help speed Viewfinity’s growth and ensure that business decisions and technology vision are ahead of the market.

“Viewfinity is in an ideal position to address the viable place in the market for systems management that can be addressed in a cloud-based model,” Butterfield said. “I am pleased for this opportunity to be directly involved in the next phase of Viewfinity’s strategy and growth.”

Founded by experienced entrepreneurs, Viewfinity offers cloud-based systems and privilege management solutions that allow IT departments to focus on managing systems and not the infrastructure. The cloud-computing model enables systems management support almost immediately so that administrators can begin managing the environment from anywhere and at anytime, for both local and mobile workers. Viewfinity’s expertise in application virtualization serves as the foundation for new levels of advancement in cloud-based systems management, providing more granularity and control than ever before possible with traditional systems management platforms.

Series B investors reflect on their decision to fund Viewfinity:

• “Viewfinity’s ability to provide the best systems management technology while requiring no additional investment in IT infrastructure is a compelling value proposition for any prospective customer,” says Zvi Schechter, Giza Venture Capital. “We recognize the opportunity this model presents and are certain of Viewfinity’s success.”
• Thomas Neustaetter, JK&B Capital, notes his confidence in Viewfinity “this is the 2nd time my firm has invested in this entrepreneurial team. We are in full support of their proven vision, technology, business model, ability to execute and the direction in which they are leading Viewfinity.”
• “Viewfinity’s product offering fills a much needed gap that exists in today’s IT marketplace: easy-to-use and cost efficient systems management,” said Nilanjana Bhowmik, Longworth Venture Partners, “Viewfinity’s technology, product set and management team offer the ultimate trio for success and we are pleased to partner with them.”

Viewfinity introduces several new prominent business and technology icons to its Advisory Board:

• Dwain Kinghorn, former CTO of Altiris and VP with Symantec, Founder & CEO of Computing Edge
• Stuart Schaefer, former CTO and Founder of Softricity and Partner Architect at Microsoft
• Srinivasa Venkataraman, former CEO of Appstream and VP R&D for ZoneLabs
• Benny Schnaider, former CEO and Founder of Qumranet, Pentacom and co-founder of P-Cube

“Viewfinity’s ability to attract and appoint these business and technology leaders validates its credibility, leadership and presence in the market,” said Leonid Shtilman, CEO of Viewfinity, “We look forward to the insight and direction our advisory board will provide as we expand our offerings into the systems management marketplace.”

For more information about Viewfinity, or to schedule an interview, please call Cheryl Snapp-Conner or Matt Stubbs at 801.994.9625 or send an e-mail to cheryl@snappconner.com ormatt@snappconner.com.

About Giza Venture Capital
Giza Venture Capital, established in 1992, is a pioneer investor in seed and early-stage technology companies. Giza currently manages 5 funds totaling about $600 million. Giza has investment professionals with a wealth of expertise and experience in Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet & Entertainment.

About JK&B Capital
JK&B Capital is a venture capital firm focused in the software, IT and communications markets with over $1.1 billion of capital under management. Founded in 1996, JK&B has built a track record of generating exceptional returns for investors by identifying and investing in companies with technologies which have been critical to the growth of the world’s information economy.

About Longworth Venture Partners
Founded in 1999, Longworth invests in passionate entrepreneurs pursuing breakthrough ideas in emerging technology markets. With three funds under management, Longworth has a successful track record in taking companies from conception to category leadership in Systems & Infrastructure, Business & Consumer Internet and Digital Media. Longworth is based in Waltham, Massachusetts.

About Viewfinity

Viewfinity is the innovator of systems and privilege management via cloud-computing, allowing IT professionals to focus on managing systems and not the platform’s infrastructure. With the cloud model, IT can be up and running quickly to provide management, support and control for desktops, servers and laptops. This makes it extremely cost effective and easy for IT to support local as well as mobile workers.

Viewfinity uses virtualization technology as the foundation to simplify and automate deployment and management of applications, licenses and assets. Viewfinity also complements traditional systems management by offering compliance adherence to flexibly manage privileges for locked down computers. Viewfinity’s cloud approach delivers immediate and long-term value, scales with business need, and eliminates the equipment, training, and substantially higher costs of on-premise implementations. Based in Waltham, MA, information on Viewfinity systems management solutions can be found atwww.viewfinity.com.

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For more information about Viewfinity, or to schedule an interview, please call Cheryl Snapp-Conner or Matt Stubbs at 801.994.9625 or send an e-mail to cheryl@snappconner.com ormatt@snappconner.com.