Battery News
FOR IMMEDIATE RELEASE
BladeLogic and ITA Software Named by Massachusetts Alliance for Economic Development (MAED) as 2006 Economic Impact Award Winners
Two Battery Portfolio Firms Recognized for Boston Area Expansion, Job Growth and Community Involvement
WELLESLEY, MA and MENLO PARK, CA; November 21, 2006 – Battery Ventures, a venture capital and private equity firm focused on investing in technology and innovation worldwide, today announced that two of its portfolio companies, BladeLogic and ITA Software, were recognized by the Massachusetts Alliance for Economic Development (MAED) as Team Massachusetts Economic Impact Award winners.
In its third year, the award recognizes companies across Massachusetts for job and facility expansion since January 1, 2005, as well as other factors, including community involvement. In the only awards event of its kind in Massachusetts, fifteen companies from across the Commonwealth will be recognized for their outstanding contributions to the Massachusetts economy.
BladeLogic won the Emerging Firm in the Greater Boston Area category. The company, based in Lexington, MA, is the leading provider of next-generation data center automation software. The firm boasts the sector’s largest installed base of Global 2000 and other leading customers, including such organizations as Capgemini, E*Trade, HSBC, Lockheed Martin, priceline.com, Time Warner, VeriSign, Virgin Mobile and Walmart.com.
Dave Tabors, Battery Ventures general partner and BladeLogic board member said, “BladeLogic and ITA Software are two companies that truly represent the best of the region: high quality management, superior engineering talent, and the commitment required to build big, lasting area companies. They are in great company with today’s other Economic Impact Award winners, and we’re proud to support them in their continued growth.”
Cambridge-based ITA Software received Honorable Mention in the Greater Boston Area category. Founded in 1996 by a group of computer scientists from Massachusetts Institute of Technology, ITA is an airline IT and services provider at the forefront of a new generation of technology that is changing the way the travel industry works. The company is based in Kendall Square, and serves some of the world’s largest travel companies including: Air Canada, Alaska Airlines, Alitalia, Continental Airlines, US Airways, Star Alliance, Galileo International, Kayak, and Orbitz.
“Massachusetts continues to be a center for innovation and growth, and we’re proud to support two exceptional companies who are anchors in the region,” said Scott Tobin, Battery Ventures general partner and ITA Software board member. “It’s incredibly rewarding to work with teams of this caliber who are solving very big problems for the world’s largest companies, and who have well-defined plans to continue to build their companies.”
About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company’s life, from start-up and expansion financing, to growth equity and buyouts.
Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies (AKAM), CBeyond (CBEY), LIFFE (acquired by Euronext), Neoteris (acquired by Netscreen), and SigmaTel (SGTL). Its current portfolio includes emerging firms such as Advent Solar, BladeLogic, Netezza, Spot Runner, and Tejas Networks, as well as more established companies such as ITA Software, Made2Manage, MetroPCS, and Nova Analytics.
From offices in Boston, Silicon Valley and Israel, Battery manages more than $2B in committed capital. For more information, visit www.battery.com.
About BladeLogic
BladeLogic is the leading provider of next-generation data center automation software with the largest installed base of Global 500 customers, including 9 of the top 50 global companies, 3 of the top 10 aerospace and defense companies, 5 of the top 25 commercial and savings banks, 2 of the top 5 securities companies, 2 of the top 5 entertainment companies, 1 of the top 3 general merchandisers, 6 of the top 12 pharmaceutical companies and 5 of the top 10 telecommunications companies. BladeLogic’s award-winning suite of enterprise-class data center automation solutions enables organizations of any size to achieve continuous configuration compliance across large-scale, distributed server and application environments, resulting in dramatically reduced data center operating costs, improved service quality, increased efficiencies, and enhanced compliance and security. BladeLogic is a privately held company headquartered in Lexington, Massachusetts, USA. For more information, please visit www.bladelogic.com.
About ITA Software
ITA Software (www.itasoftware.com) is a leading provider of innovative airline IT and services. The company provides airlines and travel distribution companies with comprehensive, reliable and cost-effective technology. ITA Software’s customers include leading travel companies such as Air Canada, Alaska Airlines, Alitalia, Continental Airlines, US Airways, Star Alliance, Galileo International, Kayak, Orbitz and others. The company is based in Cambridge, Massachusetts with offices in Chicago and Singapore. ITA Software was founded by computer scientists from the Massachusetts Institute of Technology.
About The Massachusetts Alliance for Economic Development (MAED)
The Massachusetts Alliance for Economic Development (MAED) is a private, non-profit partnership of business, industry leaders, and government dedicated to fostering economic growth in the Commonwealth. Launched in 1993 as an outgrowth of recommendations of the Governor’s Council on Economic Growth and Technology, MAED promotes Massachusetts by providing information services to companies seeking to expand within or relocate to Massachusetts.
Contact:
Karen Bommart
Battery Ventures
781-478-6672
kbommart@battery.com