Sep 16, 2005 : BladeLogic Closes Financing Round

📅 September 16, 2005 - Data center automation software provider BladeLogic (bladelogic.com) announced on Thursday that it has closed its Series D financing round with approximately $7 million in new capital. The company also announced it has named Steve Walske as chairman of the board.

BladeLogic's Series D investment was led by MK Capital, as well as additional existing investors Battery Ventures, Bessemer Venture Partners and Globespan Capital Partners. To date, BladeLogic has raised a total of almost $29 million in four rounds of equity financing, while increasing the company's valuation on average by 130 percent with each successive round.

"While we did not have to raise capital given the operating performance and the capital efficiency of the business, we have had many offers to take on additional capital to accelerate growth," says Dev Ittycheria, president and CEO of BladeLogic. "With the appointment of Steve Walske as Chairman, we are also very fortunate to have a world-class executive whose experience and track record in building software companies is unparalleled."

In the role of chairman, Steve Walske will serve as an active strategic advisor to BladeLogic. Walske is the former chairman and CEO of Parametric Technology Corporation, one of the largest software-only companies in the world with revenues in excess of $1 billion.

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