Blue Medora, the IT monitoring integration leader, announced today a $10 million investment from growth equity investor Edison Partners. Proceeds will be used to accelerate development and enterprise market adoption of the company’s innovations including the recently introduced BindPlane™ service.
The new investment comes on the heels of a year of dramatic growth for Blue Medora. The company grew bookings by nearly 80 percent and increased its customer base by over 60 percent. Blue Medora also launched BindPlane™ – a category-defining approach to delivering IT monitoring integration as a service (MIaaS). With recent additions of integrations for Dell EMC VxRail, IBM Cloud and Alibaba Cloud, the catalog of technologies BindPlane connects now stands at more than 150.