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Ukrainian venture fund AVentures and several other investors have acquired a minority stake in enterprise software-developer nuPSYS for an undisclosed amount. This is another bit of news which actually came out last week, but we’re just now posting it today because things are only returning to normal (somewhat).
nuPSYS is a company which was founded in part by former CISCO engineer Dmitry Bokotey in 2011 and has become a major competitor in the market for software designed to help in managing large-scale corporate networks. The company states that it has generated more than $1 million during product pilot tests. According to Bokotey, their primary competition in this industry comes from Tivoli, which is owned by IBM, and Solar Wind.
Bokotey states that his company can already offer a service on par with that offered by Tivoli for prices listed by SolarWind. In commenting on this deal, Yevgen Sysoyev suggests that Solar Wind is basically the standard in terms of revenue. As they have a market capitalization of $4.1 billion (3.12 billion euro), he believes that nuPSYS has the potential to be scaled-up to become a billion-dollar company. Although the terms of this deal have not been disclosed, nuPSYS is in talks with international investors to boost the size of this Series A round to 5-6 million (3.8-4.57 million euro).
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