VIEO Announces $15 Million in Funding From RRE Ventures, Rho Ventures, and INVESCO

VIEO Announces $15 Million in Funding From RRE Ventures, Rho Ventures, and INVESCO

Financing to Expand Sales and Marketing for Application Service Level Management Leader

AUSTIN, Texas, Jan. 31 /PRNewswire/ -- VIEO, Inc., a leading provider of application service level management solutions for increasing business certainty, today announced $15 million in financing. The round of financing is lead by RRE Ventures, with additional investments from existing VIEO investors, Rho Ventures and INVESCO. The capital will be used to continue the expansion of VIEO's sales and marketing efforts and should last the company through profitability.

"We are excited to lead this round of financing for VIEO," said Stuart Ellman, General Partner at RRE Ventures. "There is an enormous market opportunity for a company that can reduce business risk by improving the reliability and performance of critical applications. VIEO's intellectual property is unique and presents a significant barrier to competition."

VIEO specializes in helping customers manage IT service delivery and improve the performance of their Citrix-based and Microsoft web-based applications. VIEO's management solution helps companies identify, diagnose, and automate the correction of service level problems before they impact business results. It provides end-to-end real-time visibility and control of complex application infrastructures in one integrated product, increasing IT staff productivity and reducing management costs and complexity.

"We're pleased to have strong support from some of the industry's leading investment companies," said Bob Fabbio, CEO of VIEO. "These investors see value in our focus on dramatically improving IT's ability to quickly identify and resolve application service level problems to ensure business certainty."

About VIEO

VIEO provides innovative application service level management solutions for ensuring business certainty. These solutions provide end-to-end visibility of Microsoft web-based and Citrix-based application infrastructures and pinpoint resource problems that impact service levels. Using VIEO solutions, IT organizations can improve service delivery while reducing costs and complexity. VIEO's awards include Computerworld's 2004 Innovative Technology Award and InfoWorld's 2004 Systems Management Product of the Year. Led by IT visionary and successful serial entrepreneur Bob Fabbio, VIEO is headquartered in Austin, Texas.

VIEO and the VIEO logo are registered trademarks of VIEO, Inc. All rights reserved. All other trademarks or company names are trademarks or registered trademarks of their respective companies.

Contact: Darlene Doyle
Lois Paul & Partners
781-782-5868
Darlene_doyle@lpp.com


Source: VIEO, Inc.

CONTACT: Darlene Doyle of Lois Paul & Partners, +1-781-782-5868, or
Darlene_doyle@lpp.com , for VIEO, Inc.


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