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HyPerformix Receives $5 million of Funding

HyPerformix, a leader in Predictive IT Management, has secured an additional $5million in funding. The capital infusion, provided by existing investors and Silicon Valley Bank, will be used to launch HyPerformix’s expansion into new markets such as predictive performance and capacity management for SAP. The funding will also be used to accelerate momentum with key channel partners such as IBM Tivoli, HP, and EDS.

Peter Klante has been named the company’s new President and Chief Executive Officer. Peter also becomes a member of the HyPerformix Board of Directors.

“The Board is extremely pleased to welcome Peter as our new President and CEO,” said Jan Lindelow, Chairman of the HyPerformix Board of Directors. “HyPerformix is poised for rapid growth as the market adoption for predictive capacity and application performance management accelerates. We were looking for a proven leader with diverse business experience who can drive growth and execution, and that’s what we’ve found in Peter,” Jan said.

Peter brings over 20 years of accomplishment in enterprise software at organizations such as Lotus/IBM, Cognos and Vignette. He has played a key role in the creation and realization of significant shareholder value in multiple early-stage organizations. He served most recently as President and CEO of Resolution EBS, an Austin-based business rules engine software company. Prior to Resolution EBS, Peter was Sr. VP and General Manager of the Gateway Business Unit for 724 Solutions. He also served as the Vice President of Marketing for Vignette where he was instrumental in the company’s rapid growth and positioning for Vignette’s $1B IPO.

“I’m excited to be joining HyPerformix for the next stage of growth of the company and the market. CIOs are under increasing pressure to guarantee the performance of key applications, while at the same time reduce their IT operational expenses. HyPerformix’s predictive approach to IT service management helps companies predict and prevent performance and capacity issues in critical applications, such as SAP, to reduce fire fighting and optimize IT assets,” said Peter.

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