Press Release
ENTUITY ENHANCES MANAGEMENT OF ENTERPRISE NETWORKS WITH BACKING FROM LMS
NEW YORK, NY – April 15, 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 flagship 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 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 £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 £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. About Entuity
Entuity is a leading provider of network management and service delivery solutions. The Company’s Eye of the Storm (EYE) software suite automatically discovers and captures unrivalled network data and analytics, and provides integrated fault, device and flow-based performance management capabilities that help businesses reduce network downtime, commit to, deliver and prove service level commitments, and ensure network configuration compliance.
Winner of numerous industry and business awards in the last year, EYE has been praised for its fast deployment, ease of use, and low cost of ownership. Entuity customers include enterprises, SIs, and MSPs such as ABB, Amtrak, Astra Zeneca, BMC Software, Deutsche Bank, IBM Global Services, The Royal Bank of Scotland, Sony, Visteon, and the Williams Companies. For more information on Entuity, please visit www.entuity.com or call +1.718.261.3440 (North America) or +44 (0) 20 7444 4800 (Europe).
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Entuity and Eye of the Storm are registered trademarks of Entuity, Ltd. All other marks and names mentioned herein may be trademarks or registered trademarks of their respective companies.
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