Azul Raises $40M

MOUNTAIN VIEW, Calif. -- Azul Systems today announced the completion of $40 million in funding with participation from top tier investors including Accel Partners, Austin Ventures, ComVentures, Credit Suisse, JVax Investment Group, Meritech Capital Partners, Redpoint Ventures and Worldview Technology Partners. All existing investors in the company participated in the financing.

Azul Systems intends to utilize the capital to continue its execution on an aggressive product roadmap of network attached processing products and associated solutions for the Java(TM) community, and dramatically expand its field operations and global presence. This increased investment in the company's go to market areas comes on the heels of continued success in many leading financial, telecommunications, Internet and retail enterprise customers.

"Over the last few years we have successfully evolved from a technology focused start-up to a company that is delivering business critical solutions to some of the world's most demanding customers in a variety of different industries," said Stephen DeWitt, Azul's Chief Executive Officer. "Our increasing investment in go to market resources, with particular emphasis on aggressively hiring in the field, activities with key ISV partners, and product innovation allows us to continue to outpace the competition with the industry's only solutions designed from scratch for next generation deployments based on Java, SOA, and Web Services architectures."

Azul Systems Inc.