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Technology / AI and automation

MICROMUSE GETS CASH FROM NETWORK EQUIPMENT TECHNOLOGIES

London-based Micromuse Plc has been gaining some attention for its well regarded Netcool range of network management products over the last year, winning a reseller deal from LM Ericsson Telefon and gaining an $8m cash injection from venture capital firm Sierra Ventures Inc on the strength of the product (CI No 3,139). Now Micromuse has won an additional $2m equity investment from Redwood City, California-based Network Equipment Technologies Inc, part of a larger round of funding otherwise undisclosed. N.E.T and Micromuse formed a strategic relationship earlier this year to provide advanced fault management for N.E.T’s Promina line of multi-service asynchronous transfer mode switches. Netcool, which accounted for 25% of Micromuse’s 1996 revenues of $18m, was developed to address the needs of service providers, including carriers, Internet service providers and large corporations. Micromuse has its US office in San Francisco.

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