Tech Company Financing Transactions
CITTIO Funding Round
CITTIO, operating out of San Francisco, raised $5 million from Hercules Technology Growth Capital.
Transaction Overview
Company Name
Announced On
4/23/2007
Transaction Type
Debt
Amount
$5,000,000
Round
Undisclosed
Investors
Hercules Technology Growth Capital (Sam Bhaumik)
Proceeds Purpose
Jamie Lerner, president and chief executive officer of CITTIO, "With the growth capital from Hercules, we will expand our sales and marketing efforts for WatchTower as well as conduct additional research and development to accelerate future offerings."
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
667 Mission St. 4th Floor
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
CITTIO's flagship product, is an enterprise Network and System Monitoring software application that runs within a Web-based portal environment. The WatchTower solution enables companies to increase IT productivity, efficiently manage distributed systems, reduce downtime and generate business value from the network.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jamie Lerner
VP - Bus. Development
Jim Smith
VP - Engineering
Ross Fujii
VP - Operations
David Sakamoto
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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