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Entuity Enhances Management of Enterprise Networks with Backing from LMS
NEW YORK & LONDON --(Business Wire)-- April 16, 2004 -- Entuity Inc., the developer of holistic network management solutions for the enterprise, today announced that London Merchant Securities (LMS), a multi-billion dollar diversified investment company (LMSO.L), has invested an additional $3.2 million in Entuity and, as such, is now the majority stockholder of the company with 75% ownership. Saffron Hill also participated in the round. To date, Entuity has received investments totaling $25 million.
With this strong backing, Entuity has an increased financial foundation that is already delivering results. For example, the company is expanding its sales, marketing, worldwide distribution and R&D for EYE of the Storm (EYE), Entuity's comprehensive and unique network management solution. With this, Entuity is posting record setting quarters in customer and revenue growth. The company continues to see additional investment from existing customers that are adding additional EYE network management components to their EYE infrastructure.
"Entuity is the company customers turn to for a quality network management solution," says Gerry O'Connell, CEO, Entuity. "We distinguish ourselves from the rest of the network management providers based on the quality of the solution we deliver customers. Our EYE product is the only network management solution that combines the results of performance, availability and resource management in one powerful repository." O'Connell emphasizes, "In addition to offering customers an affordable price point, EYE further breaks away from the pack as it's sold and supported by a savvy and ethical Entuity team and a global best-of-breed channel."
"Entuity continues to win blue chip customer accounts and we are extremely pleased with the company's progress," says Michael Bennett, Investment Director, LMS Capital. "Our investment to fund further growth, demonstrates our confidence in the management team, the technology and the market opportunity."
About Entuity, Inc.
Entuity, Inc. provides holistic network management solutions and maximizes the technology investments of the enterprise, delivering ROI after only hours of deployment. Entuity's Eye of the Storm (EYE) offers the only comprehensive network management solution that provides the triple advantage of performance, availability and resource utilization through one sleek interface. EYE discovers, manages, and maps network assets to the applications that power the business, while delivering robust real-time reporting to proactively manage networks, drive SLA negotiations and vendor license usage agreements. EYE is easy to adopt as the cornerstone of a new, integrated network management strategy or as an essential complement to an existing infrastructure. Entuity is headquartered in London and New York City. Visit www.entuity.com or info@entuity.com for additional information.
About London Merchant Securities Plc
London Merchant Securities is a leading property, venture and development capital investment company listed on the London Stock Exchange and a member of the FTSE 250. The property portfolio is valued at more than GBP 850 million and contains a blend of offices, based largely in central London, and retail and leisure property across prime UK towns. The venture and development capital arm was valued at more than GBP 180 million as at 30th September 2003 and comprises investments in both the US and UK, with a spread of early stage and second round technology investments, development capital and mature company buy-outs.
Entuity and Eye of the Storm are registered trademarks of Entuity, Inc.
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