LiveAction Secures $5.35M Series A Financing from Sway Ventures and Cisco Investments
Application centric software company focuses on growth in marketing, sales and deployment of new features.
PALO ALTO, California – LiveAction, an application centric software company combining network and application performance management with powerful visualization, analytics and control today announced it has completed a $5.35 million Series A round of financing. Sway Ventures led the investment round with participation from Cisco Investments and Enerdigm Ventures.
“We are pleased to complete our Series A financing,” said Darren T Kimura, CEO and Chairman of LiveAction. “This provides us the resources to grow and deliver new solutions to our clients as we continue to simplify the network and transition to the cloud.”
The Investment will be used to help the company significantly expand its sales and marketing efforts as well as broaden and accelerate product development Sway Ventures General Partner Brian Nugent joins LiveAction’s Board of Directors.
“With a strong technology base, some of the largest companies in the US as customers, and a cornerstone relationship with Cisco, LiveAction is exactly the kind of portfolio company we love. We’re truly excited about the company’s potential,” said Brian Nugent, General Partner of Sway Ventures.
Since 2009, LiveAction software has been helping large enterprises manage their networks. LiveAction’s intuitive graphical user interface, deep and rich analytics, and network wide control known as “See. Point Click. Fix.” allow the combination of network and application management in one integrated product.
“Our investment in LiveAction underscores the market interest in bringing software defined networking (SON) to the Wide Area Network (WAN) in large-scale environments,” said Jeff Reed, Vice President of Network Transformation for Enterprise Networks at Cisco. “We’re excited to work together to augment our Intelligent WAN strategy with a unique means for customers to achieve network traffic visibility and centralized control to specific applications.”
Key features of the LiveActron’s intuitive IT management platform include
“Satellite” view of end-to-end flows through a single-pane-of-glass
Zoom-in view of traffic and applications down to end-devices and network queues
Accurate pin-point diagnosis through diagrams, dashboards, alerts, reports and tables
Fast troubleshooting of the most difficult and persistent performance issues
Instant validation of network QoS and policy changes
Stress-free deployment, configuration and monitoring of Cisco advanced technologies