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Groundwork with investment

Filed in archive Venture Capital by tj on March 31, 2005

Easy to predict - more Open Source Enterprise Software companies attract large investments. We had given it some thoughts here. IT Ground Work has closed a $8.5 million round with Mayfield and Canaan Partners. The company is having a great pitch:

"GroundWork's open source IT infrastructure monitoring solution delivers enterprise-class availability and performance for a fraction of the cost of commercial alternatives.

Based on powerful open source software such as Nagios, Jetspeed and MySQL, Groundwork Monitor is a complete and practical solution for today's mission-critical IT infrastructures."

After so many enterprise open source software investments recently I tend to worry if open source developers stick to the project. After all tehy do the work that one company makes a (hopefully) a fortune of.

Permalink: Groundwork with investment
Tags: open source entrepreneurship groundwork technology open+source venture+capital please+enter

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Groundwork with investment

Filed in archive Venture Capital by tj on March 31, 2005

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