Company

Hyperic Announces Series A Funding From Accel Partners

Investment to be Used to Evolve Hyperic's Products, Business Strategy; Larry Augustin, Bob Bickel to Advise On New Strategic Initiatives

SAN FRANCISCO, CA – (May 10, 2006) – Hyperic, a leader in open management frameworks for IT operations, today announced it has acquired first round Series A investment from Accel Partners, a well-known Silicon Valley venture capital company. Among other uses, the funding will be used to shape Hyperic's business model and product lines in order to address new opportunities in the IT management space.

Concurrent with today's news, Hyperic announced that Larry Augustin, a leading open source authority, has joined Hyperic's board of directors. Bob Bickel, former Executive Vice President of Strategy and Corporate Development at JBoss, is serving as a key strategic advisor to Hyperic.

"Today's funding announcement is in recognition of the innovation and value that Hyperic has generated in the field of IT operations management," said Javier Soltero, Hyperic Chief Executive Officer. "In just a few short years, Hyperic has become a recognized leader in solutions that enable companies to easily and cost-effectively manage large-scale IT infrastructures through a single, comprehensive interface. Accel Partners is a top-tier VC firm and we welcome the financial and human resources it has extended to us."

"Since its founding in 2004, Hyperic has solved a very hard problem—building a systems management product that is well packaged and easy to use, but serves complex needs. They have delighted customers in the process," said Kevin Efrusy, partner at Accel Partners. "Through today's investment we look forward to supporting the efforts of Hyperic's management team as it takes the next step in seizing new opportunities in the changing application software market."

Hyperic's unified IT management solution, Hyperic HQ, offers cross-platform and cross-technology discovery, monitoring, alerting, reporting and control of enterprise IT assets. The product has been adopted by dozens of world-class companies, including several Fortune 100 companies, and today manages many of the world's largest Web infrastructures. The success of Hyperic's flagship product enabled the company to be profitable since its founding, and to self-fund its growth until the present time.

"Hyperic has the potential to dramatically increase its presence in the IT management space, even to lead a new era of ease of use, pervasiveness and openness," stated Bickel. "By adapting its business model to the changing application delivery landscape, we see the opportunity for Hyperic to pre-empt the market and establish itself as the leader of open, interoperable platforms in the management systems technology field."

New board member Larry Augustin currently serves on the boards of several early-stage technology companies. In 1993 he founded VA Linux (now VA Software), serving as its CEO until 2002. One of the group who coined the term "Open Source," he has written and spoken extensively on Open Source topics worldwide.

Bob Bickel currently serves a number of companies as an active advisor or board member. Before his service to JBoss, Bickel was general manager of the HP Middleware Division; he also worked at Bluestone Software, Inc., acquired by HP in 2001, as executive vice president of products. At Bluestone, Bickel introduced that company's application server technology to market, helping grow the company's annual revenue run rate to over $60 million.

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.

About Accel Partners

Accel Partners is a venture capital firm that has been dedicated for over 25 years to supporting entrepreneurs who possess the unique insight to define new categories and build world-class technology companies. These entrepreneurs have led fundamental industry transformations rather than followed predefined market trends. Accel deeply shares our entrepreneur's passion for fundamental uniqueness and their courage to be first. This emphasis on leadership has engendered category defining companies that have reshaped their industries and in many cases created entirely new sectors. Accel-backed companies have sparked many of the most significant revolutions in technology businesses, such as: Veritas Software, JBoss, Facebook, RealNetworks, UUNet, Macromedia, PictureTel, Foundry Networks, Walmart.com, and many others. Visit www.accel.com.

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.