Opsware, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Opsware, Inc. - overview
Established
1999
Location
Sunnyvale, CA, US
Primary Industry
Software
About
Opsware, Inc. specializes in providing solutions for data center automation and operational efficiency, leveraging innovative technologies to optimize IT management processes for global enterprises. Opsware, Inc. is a provider of data center automation solutions, formed in 2002 after the sale of Loudcloud's managed services business to EDS.
The headquarters is located in Sunnyvale, California, US. The company was founded in 1999 and has undergone significant changes, including a name change and a pivot from managed services to automation software. In 2007, Opsware was acquired by Hewlett Packard for USD 1. 6 billion after successfully raising USD 160 mn in a TRADE SALE in March 2001.
The founder's history includes previous ventures that set a solid foundation for Opsware's success. Opsware offers a suite of automation solutions aimed at optimizing data center operations, including software for managing server farms and application deployment. Their products are designed to increase efficiency and reduce operational costs for large organizations across various sectors, notably in technology and telecom. Opsware’s solutions are utilized globally, with implementations in North America, Europe, and Asia-Pacific, ensuring a robust presence in key markets.
In the most recent fiscal year of 2007, Opsware reported revenue of USD 101. 73 mn, alongside an EBITDA loss of USD 14. 54 mn. The company's financial model is anchored in their subscription-based services, which are aligned with enterprise clients seeking long-term partnerships for IT automation.
Opsware's future growth strategy includes the continuous enhancement of its software solutions to address emerging needs in data center automation. The company aims to expand its offerings and penetrate new markets in regions such as Latin America and Asia by 2024. Recent funding from the TRADE SALE has been directed towards product development and market expansion initiatives. Following its initial public offering in March 2001, where Opsware raised USD 160 mn, the company strategically shifted focus from managed services to software solutions, leading to its acquisition by Hewlett Packard in July 2007.
Current Investors
Morgan Stanley Investment Management, Benchmark, Angel Investors
Primary Industry
Software
Sub Industries
Systems Management Software, Storage Management Software
Website
www.opsware.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.