Open source system management software Hyperic raises $6.1M
Hyperic, a San Francisco company that offers an open source system management software, said it has raised $6.1 million in a second round of venture capital funding.
Benchmark Capital led the round, which included Accel Partners. Hyperic raised an initial $3.8 million in May 2006 from the same two investors.
The company, founded in 2004, has more than 25 employees. It says it has more than 300 customers —including eHarmony, Ask.com, Hi5, Ogilvy and Mather, and MyNewPlace.com.
According to IDC, open-source software will become a $5.8 billion industry by 2011, up from $1.8 billion in 2006.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












