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Shasta Ventures Leads B-Round Investment in Enterprise Service Management Provider
Fremont, CA - June 6, 2005 — Zenprise, Inc., an emerging leader in enterprise service management software, today announced that it has completed its Series B round of funding, an $11 million round led by Shasta Ventures. All previous investors, including Bay Partners and Mayfield, participated in this latest round. To date, Zenprise has raised $17 million in funding. With this investment, Ravi Mohan of Shasta Ventures has joined the Zenprise Board of Directors.
The funds will be used to expand sales and marketing. This new investment demonstrates continued confidence in Zenprise's automated solutions for managing email infrastructure. Zenprise is currently developing a solution specifically for the Microsoft Exchange Server.
"Email is the life-blood of corporations today and Microsoft Exchange depends on distributed infrastructure components" said Ravi Mohan, co-founder of Shasta Ventures and recently added Board member. "Zenprise has developed an impressive product which helps administrators diagnose and resolve problems automatically."
"This additional funding is a significant validation for the vision that Zenprise has for enterprise service management," said Zenprise CEO Jayaram Bhat. "We are very pleased to have Ravi Mohan join our Board."
Ravi Mohan is a co-founder of Shasta Ventures. He will bring his considerable experience in the software business to the Zenprise Board, with five years in operating roles and eight years investing in companies at Battery Ventures. Prior to co-founding Shasta Ventures, Ravi was a General Partner at Battery Ventures and served on the Executive Committee. During his tenure at Battery, Ravi led eight investments and sat on the boards of eleven companies. His investments at Battery include Corillian (IPO in April '00), SupplierMarket (sold to Ariba) and SenSage, Inc.
About Zenprise, Inc.
Zenprise provides service-management software that delivers real-time, automated diagnosis and resolution of problems across the Microsoft Exchange environment. Founded in 2003, Zenprise is headquartered in Fremont, California and is privately held with funding from investors Bay Partners, Mayfield, and Shasta Ventures. Zenprise's executive and product teams bring enterprise software experience from companies such as Mercury, EDS, Zambeel, Bay Networks, and Loudcloud. For more information, go to www.zenprise.com
About Shasta
Shasta Ventures is an early-stage venture capital firm that serves as a value-added partner to both entrepreneurs and investors. The principals have over thirty years of venture experience and have invested in over 45 companies. The team possesses a rare combination of core technology expertise and deep experience in marketing to consumers. By combining these skills in an integrated, collaborative approach, Shasta helps entrepreneurs build companies that address the growing demand among consumers and enterprises for new technology products and services. The fund pursues investment opportunities within the infrastructure, software and technology-enabled service sectors. For moe information visit www.shastaventures.com
About Bay Partners
Bay Partners is an early-stage Silicon Valley based venture capital firm with over $1 billion in capital under management. Since 1976, Bay Partners has invested in more than 250 infrastructure technology companies. The firm focuses its investments in wireline, wireless, and enterprise services, software, equipment, and components/semi-conductors. For more information, visit www.baypartners.com
About Mayfield
Founded in 1969, Mayfield has provided Venture Capital with Impact and shown leadership in early-stage venture investing time and again by teaming up with exceptional individuals to create industry-leading companies. Mayfield has deep domain expertise in applications and infrastructure software, networking and semiconductor communications technology. In the last 33 years, Mayfield has invested in nearly 400 companies and has taken more than 100 of them public. For more information, visit www.mayfield.com
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