Participated · Series C · Jan 2012

Symplified provides identity and access management and single sign-on services for enterprises, offering cloud identity management, access control, user management and auditing across devices. It uses a unique proxy gateway architecture that can be deployed in the cloud or on premises to secure access to SaaS applications such as Salesforce, ADP, WebEx, Xactly, Taleo and Success Factors. The company says it has more than 3.8 million subscribers and that it tripled revenues and customer adoption last year. Clients include HP, Blue Shield, ESPN, Forest Laboratories, Moody’s, Zynga, Netflix, Rambus and Dolby Laboratories. Symplified has a strategic partnership with Amazon and launched the Trust Cloud on Amazon Web Services, becoming at the time the only provider of identity management services on Amazon's cloud platform. It will use the new funding to expand operations, service and support, research and development, and marketing. Symplified provides identity and access management tools for cloud applications, offering a cloud identity and access management service that has surpassed one million licensed users. The company reported 700% year-over-year revenue growth in 2010 to reach a multi-million dollar run rate. Its core product offering includes the Trust Cloud, launched on Amazon Web Services, and Symplified has a strategic partnership with Amazon. The leadership team previously built Securant ClearTrust, which was acquired by RSA Security for $140 million. Symplified said 2010 was a "breakout year" and plans to raise more funding this year. Current funding supports ongoing growth and product deployment on cloud platforms.

Participated · Equity · Jul 2011

Jaspersoft provides a commercial open source BI suite that includes pixel-perfect enterprise reporting, ad hoc query, dashboards, OLAP and in-memory analysis, and data integration. The company leverages a development community of more than 225,000 registered members that advance its software. Jaspersoft reports nearly 14 million product downloads, more than 175,000 production deployments and 14,000 commercial customers in 100 countries. Led by CEO Brian Gentile, the company operates from San Francisco, CA. Jaspersoft uses a commercial open source business model and sells enterprise offerings alongside its community editions. The company said it will use new capital to accelerate its product roadmap, expand globally and pursue potential strategic acquisitions. Jaspersoft is a provider of open-source business intelligence software. The company offers what it says is the most-downloaded business intelligence software, with 7 million downloads. It serves approximately 9,000 commercial customers. Jaspersoft is based in San Francisco. The company announced a $12.5 million funding round, its first since a $12 million fourth round in 2007. The new capital increases its funding base while it continues to distribute its open-source BI products. JasperSoft is a San Francisco provider of open-source software for business intelligence. The company sells open-source BI software to commercial customers. It reported having more than 6,000 customers. JasperSoft said it would use the funding to extend its international reach. The company raised $12 million in its fourth round, bringing total funding to $35.3 million.

Led · Equity · May 2011

WSO2 provides API management, integration, and customer identity and access management (CIAM) software to help enterprises drive digital transformation. The company reports more than 800 customers in over 90 countries and powers secure digital services used by over 100 million consumers in India. WSO2 says its products execute more than 18 trillion transactions and manage more than 500 million identities annually. Thousands of enterprises—including hundreds of large corporations, universities, and governments—use WSO2 for APIs, integration, and CIAM. The company has over 900 employees and offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US. Info Edge (via RedStart Labs) has joined the Series E and will contribute strategically to WSO2’s accelerated business expansion across India. WSO2 builds cloud-native solutions for securely delivering APIs, applications, and digital services. Founded in 2005 and headquartered in London, UK, it offers API management, integration, and customer identity and access management (CIAM) used by thousands of enterprises, including hundreds of the world’s largest corporations, top universities, and governments. The company executes more than 18 trillion transactions and manages more than 500 million identities annually. WSO2 has over 900 employees and maintains offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US. It raised $90M in growth financing and plans to use the proceeds to accelerate global expansion and invest in its cloud-native offerings. WSO2 delivers a 100% open-source, integrated enterprise middleware platform for building, integrating, managing, securing and analyzing APIs, applications and web services on-premises, in the cloud, on mobile and IoT devices. The company reported 2.2 trillion customer transactions per year running through its cloud and enterprise middleware, and says API Manager subscriptions continue to more than double each year. Cloud solutions contribute to more than 15% of new revenue, and WSO2 ranked 211 on Deloitte’s Technology Fast 500 for 2014. WSO2 plans to use new financing to advance worldwide delivery of next-generation middleware that addresses APIs, IoT, mobile computing and the cloud, and to expand global operations, marketing, sales, support, and channel programs. Its platform is deployed across industries including transportation, automotive, manufacturing, construction, healthcare, communications and smart cities, and the company emphasizes a modular approach to enable rapid customer-driven innovation. WSO2 delivers a complete open-source enterprise SOA middleware stack purpose-built as an integrated platform to support heterogeneous enterprise environments, internally and in the cloud. Its cloud and enterprise middleware products are marketed as modular, interlocking pieces to help enterprises achieve greater agility and fast-track innovation. The company reported a 220% year-over-year increase in new customer bookings in 2012 and cites strong revenues, customer adoption, and scale of deployments worldwide. WSO2 said it will use the $10 million growth financing to expand global operations and to grow marketing, sales, and support teams in the United States and Europe. It is advancing delivery of next-generation middleware solutions that address mobile computing and cloud-fueled IT and business models. The company’s service and support team is led by technical experts with proven success deploying enterprise SOAs and contributing to technology standards, and it recently added TIBCO co-founder John Mathon as vice president of product marketing. WSO2 is a lean enterprise middleware company offering open-source middleware platforms including WSO2 Carbon and WSO2 Stratos. Carbon is presented as a fully componentized middleware platform and Stratos as a 100% open-source cloud platform available as a cloud-enabled application platform (CEAP) and PaaS. The company reported strong operating metrics: 95% revenue growth in 2010 over 2009, a 175% increase in new customer acquisitions, more than 500 billion customer transactions per year, and a renewal rate above 90% for Carbon production support customers. One leading ecommerce customer runs up to 800 million messages per day through the WSO2 Enterprise Service Bus. WSO2 has grown to more than 120 employees, an increase of over 30% in the prior year. The company plans to use new funding to expand global operations, grow its Silicon Valley marketing, sales and support teams, and extend its PaaS offerings to meet rising global demand.