CopperEgg Announces $2.1Million in Additional Funding and New CEO

AUSTIN, TX--(Marketwire - May 8, 2012) - CopperEgg, Corp., a cloud monitoring and analytics company, today announced the addition of tech industry veteran Bob Quillin as CEO, as well as an additional $2.1M to complete their Series A Funding round. Silverton Partners was the lead investor and is joined by a group of new venture and corporate investors including Webb Investment Network, the investment fund of former eBay COO Maynard Webb, and several private investors including Asana executive Kenny Van Zant; bringing total financing to $4.1M.

Quillin brings over 28 years of technology experience and entrepreneurship to CopperEgg. With deep domain knowledge in IT management, cloud computing, and virtualization plus his background in low-touch, high-velocity marketing and sales, he has successfully managed the launch and adoption of innovative products and services that span the IT stack across application, virtual, cloud, server, network and storage layers.

"Cloud computing has grown dramatically over the last few years to address a broader base of customers who have ever increasing demands for speed, simplicity, quality of service and value," said Quillin. "CopperEgg is at the forefront of a second generation of companies who are enabling this mass adoption, through SaaS-based solutions that are smarter, faster, lighter weight, and more accessible than the previous generation of cloud monitoring tools. I'm excited to join CopperEgg to help our customers accelerate their cloud adoption and optimize their infrastructure. This round of investment will expand our product development efforts and go-to-market programs."

Quillin has held executive positions at both startup and public companies, including Hyper9 (acquired by SolarWinds in 2011), EMC Lonix (acquired by VMware in 2010), and nLayers (acquired by EMC in 2005). He has a BA in Mathematical Science from The Johns Hopkins University and a MSEE from George Washington University.

"The Webb Investment Network focuses on helping build transformational companies that leverage cloud applications and infrastructure," said Maynard Webb, founder of Webb Investment Network. "The CopperEgg team has identified a significant and growing pain point and built a broad customer base through their real-time cloud analytics platform -- which they deliver as a simple, affordable, and easy to deploy SaaS offering. We're excited to welcome them to the WIN family."

About CopperEgg
CopperEgg provides real-time insight into the performance, quality, and availability of applications and services deployed on cloud, virtual and physical servers. Our SaaS-based server monitoring and cloud analytics are designed to install in seconds and deliver immediate intelligence into critical performance metrics, visibility into developing trends, and split-second decision support for organizations of all sizes. CopperEgg is backed by Silverton Partners and based in Austin, Texas.

For more information, visit: http://www.copperegg.com, as well as on Twitter: @CopperEgg. You can also read their blog: http://copperegg.com/category/blog/.