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Annapolis-Based Zenoss Raises $25 Million in Funding, Grotech Ventures and Boulder Ventures participate in round

10/09/2012
Zenoss, the Annapolis-based developer of IT operations software that has significant operation in Austin, Texas, announced on Tuesday that it has raised $25 million in its third round of funding. The round was led by Summit Partners, and included investments from existing investors Grotech Ventures, Intersouth Partners and Boulder Ventures. Large companies and organizations use the company's software to manage their networks, servers, virtual devices and cloud infrastructure. Zenoss said it would use the new capital for product development and global expansion. Previous backers of the company have included Amplifier Venture Partners, Silicon Valley Bank and the Maryland Department of Business and Economic Development. The company's customers include Rackspace, VMware, LinkedIn, Motorola and SunGard.

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