| Or-Yehuda,
Israel - February 8, 2001 - Mutek Solutions LTD, a leader in
software solutions for application availability management announced
the completion of a $28M round of financing.
Participating
in this investment round are all of Mutek's current investors
and new strategic investors including UBS Capital and others
as disclosed in a separate press release.
"Ensuring
availability of business critical applications has become
a key concern of companies" said Yochi Slonim, president
and CEO, Mutek Solutions. "Our Black Box Flight Recorders
help improve the uptime and availability of applications by
alerting IT support personnel to problems and by identifying
the root cause of failures. With this financing round, Mutek
is positioned to continue its leadership and expand operations".
"As a global financial institution as well as a strategic
investor, UBS Capital recognizes that high availability of
applications has become a critical component in an enterprise's
competitive strategy" said Greg Lockwood, Director of
UBS Capital. "Mutek's platform is providing a powerful
solution for improving the availability of business critical
applications".
About
Mutek Solutions
Mutek
Solutions LTD develops and markets software solutions that
improve the availability of business critical software applications.
The Company's Black Box Flight Recorders for software applications
can provide online alerts prior to system failures; record
and playback software malfunctions and pinpoint the root cause
of crashes and other errors in server and desktop applications.
Mutek's customers include e-business and traditional blue
chip companies in the computer and software industry, financial
services, telecom and cellular operators, manufacturing and
industrial companies. Strategic investors in Mutek are the
Intel 64 Fund and UBS Capital. VC investors include STAR,
Evergreen, Earlybird, Clal, Mofet, Ampal, and Nippon Investments.
For
more information about Mutek Solutions go to: www.Mutek.com
Software Black Box Flight Recorders is a registered
trademark of Mutek Solutions Ltd. All other trademarks and
product names are the properties of their respective owners.
Copyright © 2000 Mutek Solutions Ltd, Inc. All Rights
Reserved.
©
Copyright 2001, Mutek Solutions Ltd. All rights reserved.
email: info@Mutek.com
|
