ScienceLogic, a company that provides cloud monitoring and IT operations services, has raised $15 million in Series A funding from New Enterprise Associates. This is ScienceLogic’s first round of funding.
ScienceLogic’s EM7 IT Management System is designed to monitor datacenter resources, mobile and remote assets and public and hybrid cloud resources all from a single console. The bootstrapped company seems to be growing fast, according to these numbers from Inc Magazine. The company grew its revenue over 500 percent from 2005 to 2008, with 2008’s sales coming in at $5.9 million.
While data center management is a needed application for IT departments, cloud management is hot right now and enterprise companies are waking up to this. For example, CA just acquired cloud monitoring startup Nimsoft Nimsoft for $350 million, along with a number of other purchases of cloud-related monitoring companies. With its cash flow profitability and valuable technology, ScienceLogic could become an acquisition target in no time.