CopperEgg™ Secures $2 Million to Bring Real-Time Analytics to the Cloud
RevealCloud High-Frequency Data Sampling Redefines Performance Monitoring Paradigm
AUSTIN, Texas, July 12, 2010 – CopperEgg, Corp., the real-time analytics company, today announced $2 million in Series A funding and the launch of RevealCloud™, a SaaS-based performance monitoring solution that helps companies accelerate the delivery of applications and services across public and private clouds. RevealCloud is the latest addition to CopperEgg’s suite of real-time performance monitoring solutions, including RevealStorage™, launched earlier this year to help IT organizations optimize the efficiency of critical datacenter resources.
Silverton Partners led the first-round investment in the company, which includes the appointments of Kip McClanahan and Morgan Flager to CopperEgg’s board of directors. The company is led by software industry veteran CEO Scott Johnson, founder of Thomas-Conrad Corporation (acquired by Compaq Computer in 1995) and Surgient Networks (acquired by Quest Software in 2010).
According to IDC, spending on public IT cloud services is expected to grow at a compound annual growth rate (CAGR) of 27.6 percent from $21.5 billion in 2010 to $72.9 billion in 2015. As new economics, technologies and consumption models drive the adoption of cloud computing, CopperEgg is addressing one of the biggest challenges IT organizations face in utilizing these services – lack of visibility and control over the infrastructure used to manage them.
RevealCloud provides split-second monitoring of the operating and performance metrics of cloud instances that support critical application services, enabling customers to accelerate time to market during the development phase, optimize deployments as they learn customer usage patterns, and identify early warning signals of service degradation.
“In a world where a few minutes of downtime can translate into millions of dollars in lost revenue, companies can no longer afford to stand by passively, wondering how their applications and services are performing in the cloud until they hear it from a customer,” said Chad Bockius, CEO of Socialware. “RevealCloud provides an invaluable cloud performance monitoring solution for companies who use the cloud to deliver customer facing applications, host their own critical IT services, or need visibility across both environments simultaneously.”
RevealCloud – How It Works
In contrast with legacy performance monitoring solutions that conduct polling in 1-5 minute intervals, RevealCloud is purpose-built to provide actionable analytics in just seconds, or less. The solution leverages rapid deployment; a highly distributed data collection model; the extreme speed and scalability of a NoSQL schema-free database; and real-time visualization with click-through analytics.
Key benefits of the cloud monitoring solution include:
- Installs in seconds – no configuration required; users just copy and paste a single command into their systems
- High sampling rate – provides deeper, richer performance detail, resulting in:
- Data amplification – detects performance-degrading spikes (CPU and memory utilization, network I/O, storage capacity, CPU wait index, blocked processes) legacy monitoring solutions cannot because they are averaged-out in longer sampling intervals
- Alert acceleration – reduces the time between an event occurring and an alert being sent to the IT/DevOps teams
- Resource optimization – provides more accurate auditing and accounting of resource utilization related to cloud-vendor SLA’s
- Supports hybrid cloud environments - including multiple cloud vendors, virtual/physical datacenter resources
“The definition of big data revolves around the management and rapid analysis of large volumes of information,” said Scott Johnson, CEO of CopperEgg. “As more companies bet their bottom line on being able to capture, manage and process large data sets faster and cheaper than their competitors, they will need decision support tools that can keep up with the pace. RevealCloud helps companies optimize the health – and revenue potential – of big data resources by providing instantaneous insights into the most critical IT and business performance metrics.”
Together, RevealCloud and RevealStorage provide CopperEgg customers end-to-end monitoring from the cloud to the datacenter, across virtual and physical IT environments, helping them isolate and solve critical performance problems before they impact application service delivery.
“It’s exciting that CopperEgg is willing to prove its value to customers by delivering a real product for free,” said Kip McClanahan with Silverton Partners. “I’m thrilled to be working closely with such a talented team that is passionate about using an innovative model to bring next-generation IT management services to market.”
Advanced features will be available on a tiered-pricing basis for a monthly subscription, with discounts provided for annual commitments.
For more information, visit http://copperegg.com.
CopperEgg gets deep inside your storage network, file servers and cloud instances to make sure everything runs as it should. Our SaaS-based performance monitoring applications, including RevealStorage and RevealCloud, are purpose-built to provide split-second insights, require zero-configuration and install in seconds-to-minutes, providing fine-grained visibility, decision support and value for organizations of all sizes. CopperEgg is backed by Silverton Partners and based in Austin, Texas. For more information, visit: www.copperegg.com.
About Silverton Partners
Silverton Partners is an early stage venture capital firm based in Austin, Texas. Silverton collaborates with exceptional entrepreneurs who are committed to attacking growth markets with cutting-edge products or services. The principals of Silverton Partners have over two decades of venture experience in IT infrastructure and management software, having been the start-up investors in Tivoli Systems (IPO/acquired by IBM), Motive Communications (IPO/acquired by Alcatel-Lucent), Waveset (acquired by Sun Microsystems) and SailPoint (privately held).
Source/s: Foliocom.com/CopperEgg Corp