Data Centre Infrastructure Management (DCIM) company nlyte Software has raised $12m in funding which it says will be used for expanding its operations, accelerating product development, strengthening its partner relationships and attracting talent.
The company has received $12m in Series C funding from investors, led by cleantech investor NGEN Partners – NGEN’s Managing Director will join nlyte’s Board of Directors.
nlyte Software’s DCIM solution helps data centre and facilities managers optimise data centre power, cooling and space. The company claims that it enables users to make capacity planning decisions that can result in up to 20% annual reduction in operating expenses, 50% reduction in the time to deploy new assets, extend data centre life by up to 75% and helping attain a Power Usage Effectiveness (PUE) rating of 2.0 or less.
Rosemary L. Ripley, managing director of NGEN Partners said; “nlyte Software is a clear leader in the rapidly growing, multibillion dollar DCIM segment. This, together with a proven ability to help organisations significantly reduce their energy spending, makes the Company an exciting new investment for NGEN.”
nlyte Software was founded in 2003 and is already making a name for itself in this market. It’s a competitive environment, though. As I mentioned when I reported on the launch of the Open Data Centre Alliance, there are a number of incompatible and proprietary approaches to managing data centre power and other resources and companies are springing up all the time with new ideas, but it can only really be effective if there is a greater integration and co-ordination. nlyte is going to come up against some powerful competition, but then the investment exit strategy is probably to sell out to one of them.