Enterprise Client Management pioneer announces latest round of funding to fuel growth
Ziften Technologies, pioneering a new class of software focused on managing the performance and security of physical and virtual enterprise clients, announced today that it has secured an additional $5+ million in a growth round led by existing investor Fayez Sarofim & Co. This latest round of investment will help broaden the reach of Ziften’s solutions, previously launched in May 2012.
Ziften has made significant progress in the market through enabling organizations to gain greater visibility and control of devices running in Windows, the cloud, and beyond. Ziften has achieved broad commercial acceptance of its solution since initial launch, gaining new customers in the media, energy, consumer goods, retail, and public sectors.
Ziften is well positioned to continue to capitalize on the shift to Bring Your Own Device (BYOD), which demands a new approach to managing enterprise IT. BYOD creates an environment where even less is known about the security and performance factors impacting end users and IT departments. Ziften’s analytics and business intelligence provide new insight into the factors affecting performance and security of end-user devices, whether employee owned or company mandated.
“Market drivers such as BYOD are causing IT to look for new solutions that offer manageability and intelligence across all enterprise clients, from the desktop to the cloud and beyond,” said Charles Leaver, CEO of Ziften Technologies. “We are pleased that our investors are providing us the financial resources that will enable us to build upon our first-to-market achievements and accelerate our technology leadership in the fast-moving enterprise client management space.”
The additional funding will allow Ziften to expand its core technologies and successes while bringing the availability to a wider audience through sales, marketing, and development efforts. Kevin Robins, Chairman of the Board of Ziften said, “Ziften has achieved significant market traction and customer acquisition since the initial product launch last year. This additional capital will enable the company to accelerate development of new capabilities and to rapidly add to their development team, sales team, and sales channels.”
About Fayez Sarofim & Co.
Fayez Sarofim & Co. manages investment portfolios for a wide range of clients — pension plans, foundations, endowments, and individuals. For over five decades since its founding in 1958, Fayez Sarofim & Co. has focused exclusively on investment management. Fayez Sarofim & Co. firm is an independent entity owned and managed by its founder, Fayez Sarofim, and a team of 21 investment professionals. As of June 29, 2012, the firm had $26 billion in assets under management.