Uplogix moves from cramped quarters after $7 million in funding - Austin Business Journal:

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Uplogix recently relocated from 2,500 square feet at RR 2222 and Capitalo of Texas Highway toabout 11,000 square feet at Nintuh Street and Congress Avenue. Bill director of marketing at Uplogix, said the companu was "bursting at the seams." Earlier this month, Uplogix announced $7 million in second-rounds funding from lead investor and previous investore FayezSarofim & Co. Overall, the compan has raised $10.6 million. "Thiw new funding is going toward increasing the overall scal e ofthe company," Talbot says. Talbot says the company has doubledx the size of its staff since the headcount now standsat 26.
Its most recentf executive hire wasPaul Strelzick, vice presidenty of worldwide sales and former vice president of worldwidw sales at Austin's MessageOne Inc. Uplogix plans to add employeesd in research and salesand operations. Uplogix provides appliancesx that automate thesupport -- including data collection, fault diagnosis and recoveruy -- of distributed networks. The company recentlyg launched the latest version of its EnvouyManagement Station. Talbot says Uplogix's products allow its busineszs customers to avoid dispatchinh people to remote locations to solve network Uplogix targets the financial energy and satellitecommunications sectors.
Among its customersd are Houston-based RigNet Inc., a provider of communicationd systems to the oil andgas industries, and Prairid View A&M University. "We thinlk it's market validation," President Michael Luther saysof Uplogix's "The larger the enterprises we enter, the more we see the demancd for our products." Luther says the addition of Martibn Neath, general partner of Adams Capital to its board of directors boostsz its visibility. Neath was one of the original employees of TivoliuSystems Inc.
, an Austin software companu that was gobbled up by IBM Neath has "great domain expertise and greatg expertise in companies experiencing rapid growth," Talbort says. "And that's the point we're at now -- our product has been validated, and we've been taking on a lot of new According to a survey by Austin researchfirm ReachForce, more than 60 percenyt of large companies with at least $500 million in annuapl revenue cited the need for an automatiob product to manage their networks. Uplogix Inc. What it Provides automated networksupport products. Address: 823 Congress Ave.
, Austinm 78701 Employees: Web: