Replay Solutions, Inc., a provider of innovative solutions for maximizing software quality, today announced the company has secured $11 million in Series B financing from three prestigious venture capital firms -- Sigma Partners, Hummer Winblad and Partech International. Replay, whose "DVR-like functionality for software," eliminates software issues by recording exact executions of programs and replaying recordings to fast-forward to every moment of error, will use the funds to extend sales and marketing reach and accelerate internal research and development work.
Replay enables companies, teams or individuals to record their software applications and servers at any stage of the application lifecycle. The company’s flagship product - ReplayDIRECTOR -- virtualizes and re-executes applications, so that when errors occur, users can fast-forward directly to the root cause. ReplayDIRECTOR will reproduce any application errors and can be coupled with any standard debugger, profiler or diagnostic tool to quickly correct errors in the code and optimize workflows.
Since its start in 2004, Replay has filed five patents for its technology. Replay has won enterprise customers from financial services, commercial software, consumer services, entertainment companies, and other major verticals. Replay Solutions also has completed a worldwide licensing deal with Electronic Arts and entered into a strategic partnership with HP in the Enterprise Management Alliance Partner program, among other partnership deals.
"Our vision at Replay Solutions is to eliminate inefficient software quality practices and provide real solutions to the challenges of building, testing and managing complex, distributed software applications,” said Jonathan Lindo, CEO of Replay Solutions. “Record and replay methodology has dramatically increased the productivity of development, test and operations teams and has set a new status quo for intuitive problem resolution technologies. This additional funding will give us more capacity to evangelize better practices and promote this vision."
Sigma Partners managing director Bob Spinner will join Replay Solutions' Board of Directors. Spinner joins current board members Mark Gorenberg, managing director of Hummer Winblad, and Nicolas El Baze, general partner of Partech International. Replay’s Board of Directors also includes the company’s two co-founders, Jonathan Lindo and Jeff Daudel.
"Replay Solutions solves a difficult problem in the world of software development with a unique and sophisticated product that allows developers and operations managers to efficiently build and run their applications," said Spinner. "This solution is applicable to every industry where software development is involved and our investment will help them take advantage of this large market."
Replay Solutions will use Series B funding specifically to grow sales, marketing and engineering departments, expand product lines to address new markets and pursue additional strategic partnerships with key industry leaders. The Series B investment is the second by Hummer Winblad and Partech International, which invested $4.2 million in a Series A round announced in November 2006.
About Replay Solutions
Replay Solutions optimizes issue resolution across the application lifecycle. Its flagship ReplayDIRECTOR™ solution makes software teams more productive by taking the guesswork out of finding and fixing bugs in development, test, and production environments. Headquartered in Redwood City, Calif., the company was founded in 2004 and is backed by Hummer Winblad, Partech Ventures and Sigma Partners. For more information, visit www.replaysolutions.com.
ReplayDIRECTOR is a trademark for Replay Solutions. All other trademarks or registered trademarks are property of their respective owners.
About Hummer Winblad Venture Partners
Hummer Winblad Venture Partners was created in 1989 as the first venture capital firm focused exclusively on software. As the software industry grew from PC software to enterprise computing to Internet applications, Hummer Winblad has been at the forefront - funding the entrepreneurs and the ideas that helped define these markets. The firm’s goal is to provide the capital, experience and vision that will enable its companies to become leaders in this new software economy. For more information on Hummer Winblad, visit www.humwin.com.
About Partech International
Founded in 1982, Partech International is a leading global venture capital firm with $850M under management and offices in the U.S., Europe and Israel. Partech invests exclusively in Information Technology and the firm's internationally integrated team of investing partners work together closely to find the most innovative companies demonstrating high return potential and disruptive technologies in the Software & Internet, Communications & Components and Healthcare IT sectors. Partech has a unique 20+ year track record assisting its portfolio companies to become global market leaders. To learn more go to www.partechvc.com.
About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $2 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. The team is currently investing Sigma Fund 8, a $500 million fund raised in 2007. Some of the market leading companies in which Sigma has invested include Atria, Cascade, Clarify, EqualLogic, Internet Security Systems, KLA-Tencor, m-Qube, Octel, Topio, VeriFone, Vermeer, Vignette and Virtusa. For more information, please visit http://www.sigmapartners.com.
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