Company Overview

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Status:
Acquired by Hewlett-Packard
Founded:
September, 1999
Founders:
Tim Howes, Marc Andreessen, Ben Horowitz
Headquarters:
Sunnyvale, CA
IPO:
Went Public on Mar 9, 2001
Stock:
LDCL
Categories:
Software
Description:
Opsware offers products for server and network device provisioning, configuration and management, specifically for enterprise customers.

Detailed Description

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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.

Past Team (24)

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Funding Rounds (3) - $186M

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Acquisitions (1)

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Investors (7)

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    Amerindo Investment Advisors

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    Capital Group

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    Morgan Stanley

    Preeminent financial advisor
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Offices/Locations (1)

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  • Headquarters

    599

    N Mathilda Avenue

    Sunnyvale, CA 94086

    USA