User activity recording and auditing software: the real value of ObserveIT.

Until now, ObserveIT has well organized its game within  financial services, manufacturing, telecommunications, government and gaming. Its portfolio of customers includes GE Money, ING, Toshiba, Xerox, Coca-Cola, Samsung, T-Mobile, Vodafone, UPS, Fujitsu and Cisco. But the company still needs to

consolidate its position and capture the new opportunities.

In this challenge, henceforth, ObserveIT is backed by $20 million from Bain Capital Ventures. ObserveIT will use the funding to expand U.S. headquarters and overall product development, sales and marketing.

If unfamiliar, Connectikpeople recalls that, ObserveIT aims to provide a comprehensive monitoring and insight into user activity that enables its customers to solve compliance, security and IT operational problems.

Pending to appreciate the impact of the new funding regarding overall product development, sales and marketing, Connectikpeople thinks that a note of 7 out of 10 is justified.

About ObserveIT

ObserveIT, a leading provider of server monitoring and auditing technology, makes life easier for IT managers, security and compliance officers. Founded in 2006, ObserveIT’s fifth-generation system offers IT executives a method to clearly and easily understand who did what, when, within the corporate IT environment. ObserveIT enhances the ability to audit, monitor, track and record user behavior with real-time, context-aware video monitoring within the server. ObserveIT is currently in use in more than 800 corporations in 70+ countries, and has become a standard for many network environments with market-leading and enterprise-grade functionality. www.observeIT.com .

About Bain Capital Ventures

Bain Capital Ventures is the venture arm of Bain Capital, which has approximately $70 billion of assets under management worldwide. The firm's history of investing in early stage companies dates back to 1984 with over 125 venture investments since inception. Bain Capital Ventures manages approximately $2 billion of committed capital, has over 65 active portfolio companies, and has offices in Boston, New York, and Palo Alto. The firm's history of backing successful IT and software companies includes Solarwinds (NYSE:SWI), LinkedIn (NYSE:LNKD), Rapid7, Archer Technologies, Network Intelligence, AppAssure and Gartner. More information is available at www.baincapitalventures.com.