October 2016 - FireScope, Inc. has announced that in order to facilitate future growth initiatives, they have closed an equity financing with the help of their partner CDK Ventures, LLC. FireScope explored a range of transaction alternatives, and through a competitive process, selected an investment from CDK Ventures, a private investment firm, as the optimum transaction structure. Financial terms of the deal were not disclosed.
Established in 2006 and based in Dallas Texas, FireScope is enterprise software company that has become a market leader by aligning enterprise technology performance measurement with real-world business services needed for today’s complex IT infrastructures. FireScope’s suite of innovative on-demand software solutions for discovery, dependency mapping, IT monitoring and analytics are in high demand by mid-market, enterprise and cloud organizations looking to understand and deliver IT infrastructure services.
Mike Menegay, CEO of FireScope commented, “FireScope is excited to take the company to the next level of growth with our new investment partner CDK Ventures. This investment is targeted at accelerating FireScope’s sales and services expansion as the company takes advantages of its new product releases and its momentum in the market. CDK Ventures is the perfect partner, we are very happy with their execution and the results they delivered.”
About CDK Ventures, LLC - CDK Ventures is an independent merchant bank that provides merger and acquisition (M&A) advisory services, private equity investment and strategic consulting services to small and middle market businesses. The CDK Ventures M&A advisory and valuation services reflect a comprehensive industry knowledge, extensive transactional successes, partner-level attention to every client engagement, and real-time understanding of industry specific valuation drivers. For more information visit www.cdkventures.com or email email@example.com
About FireScope, Inc. - FireScope is a software company that has established itself as an innovator and leader in aligning customers' IT performance to their business needs through highly innovative on-demand solutions. FireScope Stratis is the first cloud-based enterprise IT monitoring solution built on a Big Data (NoSQL) platform that pushes the boundaries of capacity, depth of visibility and performance. FireScope Inc. has offices in Sydney, New York, Dallas and London. To learn more about FireScope and its advanced Service Performance Management solutions, visit www.firescope.com or call 877-780-3473.