Company

Hyperic Closes $6 Million in Series B Funding Round

Rapid customer and community growth demands aggressive expansion strategy

San Francisco, CA – June 5, 2007 – Hyperic Inc., the leader in multi-platform, open source systems management, today announced that it has secured $6.1 million in a second round of venture capital funding led by Benchmark Capital with Accel Partners. Bootstrapped by the co-founders since 2004, Hyperic raised an initial $3.8 million round in May 2006 from the same two investors. Since January 1, Hyperic's customer portfolio has increased by 100 percent and its community based deployments have expanded by more than 625 percent.

"Through its innovative architecture and use of open source, Hyperic successfully fills an unmet market need – providing management tools for today's 'always-on' environments characterized by online services," said Peter Fenton, general partner at Benchmark Capital. "Hyperic is an early leader and is disrupting entrenched proprietary software vendors. It was important that Benchmark increase its strategic stake in the company and help Hyperic capitalize on the tremendous opportunity to advance the market of systems management."

The pre-emptive round of funding will enable Hyperic to aggressively expand its product portfolio and customer support to keep pace with rapid adoption of its Hyperic HQ product line. Since launching in March 2004, Hyperic has grown from the five original founders to more than 25 employees. In the same time frame, the company has grown from three charter customers to more than 300 enterprise customers – including eHarmony, Ask.com, Hi5, Ogilvy and Mather, and MyNewPlace.com – and has a full pipeline. Additionally, Hyperic has OEM agreements with technology leaders MySQL, JBoss and MuleSource.

"We're privileged to be working with investors that understand the potential for Hyperic and are committed to giving us the resources we need to keep up the aggressive pace required to win in this market," said Javier Soltero, CEO of Hyperic. "So far, the market has been extremely receptive to our approach, and we're excited to continue to expand the adoption of Hyperic to help IT gain control over their data centers."

Hyperic's flagship product, Hyperic HQ, is the industry's only systems management software designed for the complex, always-on, always-evolving data centers that power today's online businesses. Characterized by highly tailored and seamless web-based user experiences with rigorous uptime requirements, online service providers typically deploy emerging technologies in highly customized environments. Hyperic HQ provides cross-stack visibility and management for technology in production, whether it's open source, commercial, or a hybrid. As a result, whether internally or externally focused, IT providers can centrally manage the fast-moving technologies of the demanding online services market – effectively avoiding costly downtime and streamlining staffing needs.

About Hyperic Inc.

Hyperic provides open source systems monitoring and management software that reduces the workload for operations teams at the world’s biggest web companies, including Microsoft, CNET Networks, hi5 Networks, Contegix, Rackspace’s Mosso, and more.

Its award-winning Hyperic HQ software auto-discovers and updates asset inventory and allows operations teams to perform cross-platform monitoring, diagnostics and control from a remote, web-based console, helping them more quickly pinpoint, correct, and prevent problems at every major layer—including hardware, networks, virtualization and applications.

Founded in 2004 and headquartered in San Francisco, California, Hyperic is a private company funded by Accel Partners and Benchmark Capital.

CloudStatus Provides Free, Real-Time Performance Information for Amazon Web Services

Velocity Conference—San Francisco, Calif.—June 23, 2008 – Open source web infrastructure management provider Hyperic Inc., (Velocity Booth #6), today launched the beta of Hyperic CloudStatus, the first service to provide an independent view of the health and performance of the most popular cloud on the Internet, Amazon Web Services (AWS). The new service gives businesses that use the cloud the perspective they need to determine the cause of performance changes in their cloud-based web applications. CloudStatus beta is a free service built on the Hyperic HQ management platform and will expand to include additional cloud providers this summer.