FRISCO, Texas--(BUSINESS WIRE)--Federos LLC, the leading provider of next-generation solutions for managed service providers, today announced the completion of its Series B financing. Federos received its first round of institutional funding from Evolution Capital Partners LLC (“Evolution”) in early 2016. The Series B investment was again led by Evolution with participation from family offices in the U.S., Germany, and Austria. Federos will use the additional investment to fund its ongoing efforts to expand its global sales force and aggressively pursue product development opportunities that solve its clients’ current and future challenges.
“We are very excited to be a part of the evolving success story at Federos,” said Brendan Anderson, co-founder and managing partner of Evolution. “The Federos leadership team has transformed the organization in a very short period of time by making investments in service virtualization technology, expanding its global sales presence, and rebranding its organization to align more closely with its strategy.”
Founded in 2005 in St. Charles, Illinois, as Monolith Software, the company rebranded in 2017 as Federos LLC and has more than 45 employees who support customers worldwide with offices in Frisco, Texas; Schaumburg, Illinois; and Bracknell, England. Federos’ solutions provide integrated service management, workflow automation, and contextual visualization of large, complex service and operating systems to accelerate the digital transformation of carrier and enterprise networks. Federos products, Assure1™ and Fusion1™, integrate traditional service management environments, including legacy tools, onto a single, scalable platform to simplify management and allow many operating tasks to be performed autonomously. This improves quality of service and delivery of new services across cloud, physical, and virtual service delivery infrastructures.
“The Federos team is passionate about working with customers to develop solutions and teaming with partners who share our goals for making service management simple,” said David Knight, CEO of Federos LLC. “Evolution Capital Partners investments have allowed us to focus completely on navigating a trajectory that reinforces Federos as the leader of service management solutions in the global market.”
About Federos Assure1™ and Fusion1™
Federos Assure1™ and Fusion1™ software provide a next generation, service management solution that integrates fault, performance, topology, and service level management in a single scalable platform. Built on a single codebase, our multi-tenant Assure1 platform uses an open and unified approach for data collection, enrichment, visualization, and reporting. Leading telecommunications, managed service providers, and enterprises, including Aureon, Eir, Equinix, Hargray, MANX, Oracle, Tata Communications, and Tele2, use Federos to unify and simplify their infrastructure management, and consolidate disparate and legacy tools onto a single platform to significantly reduce operations costs, assure delivery of new services, and enhance customer experience. For more information, visit www.federos.com.