Welcome!

Containers Expo Blog Authors: Liz McMillan, Pat Romanski, Yeshim Deniz, Elizabeth White, Zakia Bouachraoui

News Feed Item

Blue Medora secures $1.25 million in growth capital from West Michigan investors

Investment to fuel continued rapid expansion of company and go-to-market activities for new Oracle-focused products

GRAND RAPIDS, Mich., Jan. 9, 2013 /PRNewswire/ -- Today, Grand Rapids, Mich.-based technology firm Blue Medora announced they've received an additional $1.25 million in growth capital from two West Michigan-based angel investment groups: Start Garden and the Grand Angels. The company plans to use the new funding to fuel its continued rapid expansion and go-to-market activities for its unique set of virtualization and cloud monitoring and management plugins that extend the functionality of popular enterprise management systems like Oracle Enterprise Manager and IBM Tivoli.

(Logo: http://photos.prnewswire.com/prnh/20130109/DE39834LOGO)

The investment includes $500,000 from Start Garden, a Grand Rapids startup seed fund started by Rick DeVos as well as $750,000 in funds from the Grand Angels, a regional angel investment group. While Start Garden typically provides $5,000 investments to startups for very early support, DeVos said Blue Medora is the latest in a series of recent investments in more seasoned, second stage companies demonstrating market potential.       

"With the Blue Medora investment, we invested aggressively into seasoned entrepreneurs working in a space with huge potential that they know very well," said DeVos.

Blue Medora co-founder and CEO Nathan Owen said the company is well positioned to capitalize on a tremendous opportunity by providing a unique, much-needed virtualization solution to users of popular enterprise management solutions like IBM Tivoli and Oracle EM. He said Blue Medora's current market potential is thanks to a partnership with another Grand Rapids- based IT firm Atomic Object, a longstanding and close relationship with IBM, and his own team's passion for providing what they believe is a game-changing solution to a vast community of enterprise management system users.

"We've been incredibly fortunate to be part of the type of perfect storm of ideas-meet-opportunity that build great solutions for technology users," said Owen. "Early support from visionary organizations like Start Garden, the Grand Angels and Atomic Object means we have been able to leverage our ideas and our longstanding relationships with companies like IBM, Oracle and VMware to create a set of first-in-category, much-needed solutions in this space."

Blue Medora was founded in 2007 as a partnership between Owen and Atomic Object. They spent the first 18 months developing their initial product, which bridged the monitoring and management capabilities of a key IBM product to a number of critical Oracle applications including PeopleSoft and Siebel.  

Owen said IBM already licenses a number of virtualization and cloud management products from Blue Medora, which has doubled in size from 11 to 22 employees since 2011 and is expected to employ up to 35 people in the next 18 months. Additionally, he said Blue Medora is gaining critical velocity quickly in the marketplace, including a customer portfolio of over 50 enterprises currently using their solutions, and they beginning to attract the notice of analyst groups like IDC and Gartner. The company's current development strategy includes the introduction of systems management and monitoring solutions meant to extend the virtualization capabilities of Oracle EM through VMware integration.

"Systems management is rapidly evolving. Companies are moving away from single solution systems management and demanding more customization and integration into cloud-based solutions like VMware," said Owen. "Blue Medora has been and will continue to work with companies like Oracle, IBM, and VMware to provide leading edge solutions to meet their customers' changing needs."

Based in Grand Rapids, Mich., Blue Medora has developed a range of validated/certified integration products that extend the monitoring and management capabilities of IBM and Oracle's market-leading systems management platforms to the world's leading cloud, virtualization, ERP, CRM, enterprise directory, and messaging software. For more information, visit www.bluemedora.com .

SOURCE Blue Medora

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...