5nine Software Announces New Investment Round led by Insight Venture Partners and the founders of Veeam Software
CHICAGO, IL : November 19, 2014
5nine Software, the leading global Microsoft Cloud virtualization management, security and compliance provider, today announced a significant new round of financing. The round is an investment led by Insight Venture Partners and the founders of Veeam Software.
Founded in 2009, 5nine Software now helps more than 25,000 satisfied organizations around the globe to reach the full potential of their virtual infrastructure. 5nine Software’s growth to date is rapid and this round of funding will be used to sustain this growth through adding key sales, marketing, and product development resources.
With this investment, Michael Triplett, Managing Director at Insight Venture Partners, and Ratmir Timashev, Founder and CEO of Veeam Software join 5Nine's Board of Directors.
"The past year was a period of amazing growth for 5nine Software and we've added a significant number of new customers to our portfolio," said Brian Zimmerman, Senior Vice President of 5nine Software. "Building on this positive dynamic, we will use the financing to continue executing against our very targeted marketplace."
"Our goal is to be the most used Microsoft Cloud management, security and compliance software for SMBs, enterprises and cloud providers," said Konstantin Malkov, CTO of 5nine Software. "This funding will help us develop and improve our existing products in order to meet our customer and prospects requirements."
"5nine Software has firmly established itself as a leading provider that develops innovative software for Microsoft Hyper-V and Azure security and management with a finger on the pulse of its market" said Ratmir Timashev, CEO of Veeam Software. "We are very confident in the leadership team and this investment will help capitalize on the global demand for its solutions."
About 5nine Software
5nine Software is the leading global Hyper-V virtualization management and security provider. It offers the first and only agentless security and management solutions for Microsoft Hyper-V. 5nine Software provides innovative, powerful, yet easy-to-use software designed to reduce costs, increase productivity and mitigate security risks. Founded in 2009, 5nine Software is headquartered in Boston, Massachusetts. Additional offices are located in New Jersey, Chicago and Europe.
About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture capital firm founded in 1995. We have raised more than $8 billion and invested in more than 200+ growth-stage software, eCommerce, internet, and data-services companies.
About Veeam Software
Veeam Software is a privately held information technology company developing backup, disaster recovery and virtualization management software for VMware and Hyper-V virtual environments. Founded in 2006, Veeam currently has 25,000 ProPartners and more than 111,500 customers worldwide. Veeam’s global headquarters are located in Baar, Switzerland, and the company has offices throughout the world.