SAN FRANCISCO, Nov. 16, 2016 (GLOBE NEWSWIRE) -- NetBeez, a network performance monitoring company, is on track to close a record year for growth, with significant gains in revenue and new customers. Starting the year, NetBeez participated in the Y Combinator Winter 2016 program. The company also attracted new funding from Partech Ventures, a venture capital firm specializing in information and communication technologies, with offices in San Francisco, Paris, and Berlin, and added Reza Malekzadeh to its Board of Directors.
NetBeez has developed a proactive network performance visibility solution that reduces the amount of time network administrators and IT teams invest in identifying, troubleshooting, and resolving performance issues of enterprise infrastructure and cloud applications. In the last twelve months, NetBeez secured several high-profile contracts with Fortune 1000 companies while achieving impressive traction and revenue growing almost 3 fold in less than 12 months.
This impressive growth demonstrates a strong demand for the type of network monitoring that NetBeez has pioneered with its innovative distributed solution. NetBeez’s solution provides a complete picture of network, cloud, and application availability and performance by monitoring from the end user perspective at remote locations, an improvement over traditional device-based monitoring.
“Before NetBeez, we had to rely on users calling the help desk to be aware of network outages,” says David Flores, Network Administrator at Kingston Technology. “With NetBeez, we get the real-time status of all the network from the user perspective and, when a problem occurs, we can see what branches are affected and how we can fix the problem pro-actively rather than having to wait for unhappy users to report the problems to us.”
With new funding from Partech Ventures, NetBeez will be able to expand its team and customer acquisition initiatives to further improve and develop the product and accelerate the growth of its customer base. Reza Malekzadeh, General Partner at Partech, will join the company’s Board of Directors. Reza brings his expertise and more than twenty years of experience in enterprise software. In 1998, Reza was the first non-engineer hired by VMware and, as its Director of Marketing, was instrumental in the commercial launch of the company. Reza also worked for other high-growth tech companies like Cisco, NetCarta (acquired by Microsoft), and Cumulus Networks.
“The explosive growth of mobile users, apps, and connected devices presents big challenges for corporate networks that weren’t built for this scale and complexity," said Reza Malekzadeh, General Partner at Partech Ventures. “The NetBeez product has helped customers of all sizes monitor their networks and deliver a much better experience to their user. We are very excited to join forces with the team as they further expand their roadmap and accelerate their go to market.”
NetBeez was founded in 2013 in Pittsburgh, PA, and, before Partech, received investments from the Pittsburgh-based fund Innovation Works, Carnegie Mellon University, and Y Combinator.
NetBeez, Inc. is a network performance monitoring company delivering the only fully-scalable monitoring solution that continuously simulates user connectivity on any wired or wireless network. Dedicated sensors called Beez simulate end users and enable proactive identification and troubleshooting of complex network issues, helping to significantly reduce IT's time to resolution.
For more information, call 1 (844) 638-2339, visit us at http://netbeez.net or follow us on Twitter @NetBeez.
Pittsburgh, Pennsylvania, UNITED STATES