CLARUS SYSTEMS RECEIVES $8.85 MILLION IN SERIES A FUNDING
Company Poised for Accelerated Growth with Software Solutions That Will Fuel the Adoption of Enterprise IP Communications Systems.
San Francisco, Dec. 02, 2003 - Clarus Systems Inc., a provider of enterprise Internet Protocol (IP) communications management software, today announced that it received $8.85 million in Series A funding led by Trinity Ventures and Mobius Venture Capital.
Clarus Systems proactively measures, manages and optimizes the quality and performance of IP telephony, a component of IP communications, for Global 2000 enterprise customers. With this funding, Clarus Systems, based in San Francisco and founded in 2000 by Evan Powell and Kevin Bayuk, plans to expand its engineering, sales, marketing and channel development efforts working with best-of-breed partners. Fred Wang, general partner at Trinity Ventures and Robin Bordoli, principal at Mobius Venture Capital will each join Clarus Systems' board of directors.
"The investment community recognized that Clarus Systems has a sustainable, mature business model that addresses real and current IP communications challenges with software solutions that answer the questions end-users care about most: Do I have dial tone? Can I complete and transfer calls? Is my voicemail working? What is the quality of service?" said Keith Giarman, chief executive officer and president of Clarus Systems. "We're fortunate to have strong investment partners who understand the challenges and rewards of IP communications and support our work. The successful Series A funding will allow us to build upon our product and customer success in the following year."
Investors See Clarus Systems as a Strong Venture
Many enterprises are using the natural network upgrade cycle to convert telephony systems to IP from legacy Public Branch Exchanges (PBXs) and are experiencing tremendous cost savings and productivity improvements from doing so. Although IP telephony technology has matured, the costs of deployments and ongoing management have yet to decline. Thus, many enterprises have underestimated the requisite expertise, network requirements and configuration complexities, particularly when merging voice, data and real-time "blended" applications.
"The majority of enterprises are coming off their upgrade cycle from Y2K and they're looking to upgrade their existing networks while adding IP telephony capabilities," said Wang. "Clarus Systems is the only company to simplify the deployment and ongoing monitoring of IP telephony systems from the end-user perspective with proven technology and business traction - reason alone to invest in the company."
Clearing the Line for IP Communications
Companies use ClarusIPCT Certification to assess the phone system during an IP telephony deployment, to manage IP telephones independently from the network and to monitor the voice quality and end-user experience. ClarusIPC Certification assures cost control of IP phone system deployment and enables a more rapid, positive return on investment while supporting system management throughout the IP communications lifecycle.
ClarusIPC Certification is ideal for testing and managing the features that impact end-users, identifying network, system, gateway and phone trouble spots and preemptively notifying network administrators of potential problems. It translates end-user measurements into actionable information for use during system installation, upgrades, fixes or patches and during daily production use.
About Trinity Ventures
Founded in 1986, Trinity Ventures is a value-added investor that provides capital, networks and resources to early-stage software, services, communications and networked systems companies. With more than $1 billion under management, Trinity Ventures has a proven track record of working in close collaboration with entrepreneurs to build leading companies, such as Extreme Networks, Network Alchemy, Crescendo Communications, Forte Software, Illustra and Starbucks. For more information on Trinity Ventures, please visit trinityventures.com.
About Mobius Venture Capital
Mobius Venture Capital is a $2.25 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Mobius Venture Capital specializes primarily in early-stage investments in the areas of: communications systems software and services; infrastructure software and services; professional services; enterprise applications; healthcare informatics; consumer and small business applications; components; and emerging technologies. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information about Mobius Venture Capital, please visit mobiusvc.com.
About Clarus Systems, Inc.
Clarus Systems, Inc. (
www.clarussystems.com) is a global leader in enterprise VoIP management software and services, provides integrated testing, troubleshooting, and monitoring for Cisco Unified Communications systems. Clarus' award-winning VoIP management suite, ClarusIPC PlusŪ, maximizes Cisco Unified Communications performance and availability through automated testing, performance monitoring, configuration management and business intelligence reporting. Clarus VoIP testing and monitoring ensures the highest voice quality and proactive management that empowers unified communications. The company attributes its success to its roster of customers which includes Global 100 enterprises in financial services, healthcare, energy, communications, as well as system integrators, resellers and managed service partners.
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©2011 Clarus Systems, Inc. ClarusIPC® , Empowering Unified Communications, and the Clarus Systems logo are trademarks or registered trademarks of Clarus Systems, Inc. Other product or company names mentioned herein are the trademarks of their respective owners.
Company Contact:
John McCaffrey
Clarus Systems, Inc.
press@clarussystems.com
