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PublicNASDAQ:LDCL
Date3/2001
Raised$150M
Post IPO Valuation$450M
Acquired byHewlett-Packard
Price$1.6B
Date7/2007
TermsCash

General Information

Websiteopsware.com
Twitter@opsware
CategorySoftware
Employees
Founded9/1999

Offices

Sunnyvale, USA

Acquisitions

iConclude, 3/2007 $53M

Funding

TOTAL $141M
FUNDING TOTAL $141M
Series A, 11/1999
Benchmark
SV Angel
$21M
Series B, 6/2000
Capital Group
Integral Capital Partners
Amerindo Investment Advisors
The Aurora Funds
Benchmark
$120M
DEBT TOTAL $45M
Debt, 1/2000
Morgan Stanley
$45M

Tags

Opsware

Opsware, Inc. is a software company based in Sunnyvale, California which offers products for server and network device provisioning, configuration and management targeted toward enterprise customers. Opsware also has offices in New York City, Seattle, Washington and Cary, North Carolina.

The company that was formerly known as Loudcloud was founded on September 9, 1999 (i.e., 9/9/99) as a managed services provider. After selling the operations side of the business to EDS in the summer of 2002, Loudcloud became Opsware and went to market as a technology company, offering the software that had been developed internally to support customer systems via automated server life-cycle management. In December 2003, Opsware acquired asset management systems provider Tangram Enterprise Solutions, and in December 2004 acquired network device configuration management vendor Rendition Networks. In July 2006 Opsware acquired CreekPath to fill out its Data Center Automation (DCA) product offering, by allowing provisioning of storage components as well. Lastly, in March 2007 Opsware acquired Seattle-based iConclude and their run-book automation software, which allowed Opsware to tightly integrate datacenter management duties end-to-end.

In July 2007, HP announced that it had agreed to acquire Opsware for $1.6 billion in cash ($14.25 per share), 16x revenues. It is HP’s third largest acquisition behind Compaq and Mercury.

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Opsware

Sources

  1. VentureBeat (venturebeat.com) [edit]
  2. Opsware, data center company, buys iConclude for $53M (venturebeat.com) [edit]
  3. The Case for the Fat Startup (bhorowitz.com) [edit]
  4. The Case for the Fat Startup (bhorowitz.com) [edit]
  5. Red Herring (redherring.com) [edit]
  6. The Case for the Fat Startup (bhorowitz.com) [edit]
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Last Edited 4/6/14

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