Spiceworks Lands $5M series A

June 16, 2006 at 6:19 pm | In fundings | 1 Comment

Industry: Software

Round:A

Participating Firms: Austin Ventures

Been Around Since: 2006

Total Money In To Date: $5M

Couple of execs from Motive trying their hand again on software for IT. Good luck…

>> Company Site

>> Press Release

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  1. This continues to underscore Austin’s affinity to focus on “systems management” as the sole sector of investment. Who can argue, the wins have come in that sector almost exclusively (exception: Dell) – Tivoli (acq by IBM), DAZEL (acq. by HP), Waveset (acq by Sun), Motive (??), Vignette (? content management) … and now the next wave — Alterpoint, FiveRuns, SailPoint and Spiceworks.

    Should be the wake-up call for entreprenuers – fix those powerpoints to be management of something and you increase the chance of getting funded in Austin.

    Web 2.0? Must be a valley fad??

    Comment by Austin = Systems Management R' Us — June 19, 2006 #


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