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Centeris Secures $11.5 Million in Financing from Leading VCs

By ByteEnable
Created 03/22/2006 - 15:42
BELLEVUE, Wash. – Centeris has said that the company has raised more than $11.5 million in Series B financing from leading venture capital firms, including co-leads Trinity Ventures and Intel Capital [1]. Existing investor Ignition Partners also participated in the round. The series B funding will be used to expand sales and marketing activities and to fund future product development activities.

"With the strength of its management team and business model, plus the proven market opportunity for mixed network management solutions, Centeris [2] represents an excellent investment for Trinity," said Tim McAdam, Trinity Ventures [3] general partner. "Less than 60 days after the launch of Likewise 1.0, we've already seen tremendous interest in this product."

The Centeris Likewise Management Suite is the first server management solution to seamlessly integrate Linux servers in a Windows network. The Likewise solution simplifies configuration of Linux servers, provides Windows-based tools for day-to-day server management and improves compatibility between Windows and Linux.

"Integration of Linux and Windows servers is a critical issue as more and more organizations take advantage of mixed operating system environments," said Dirk Hohndel, Director of Linux and Open Source Strategy for Intel. "The Centeris Likewise Management Suite offers customers a solution to simplify administration and extend management tools for these mixed configurations."

Centeris launched Likewise 1.0 in the United States and Europe in mid-January. The company confirmed that interest in the product has been significant, with more than 1,000 companies participating in its beta evaluation program over the last few months.

"Over the last several months we've reached a number of critical milestones," said Barry Crist, CEO of Centeris. "We launched our company in the fall, conducted a highly successful beta evaluation program, closed our first paying customers, launched Likewise 1.0 across the U.S. and Europe, and introduced a new open source project. We're extremely pleased to see that momentum continue, and we're excited to have this opportunity to work with outstanding VC partners like Intel and Trinity."

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