Bangalore: Appnomic Systems, a Bangalore headquartered, enterprise and cloud IT performance management solution provider announced that it procured $5 million in its series C round of funding from Norwest Venture Partners (NVP). This round of funding makes the total investment of Appnomic worth $12.5million, repots marketwatch.com

Appnomic will use the funds to develop its leading products and services in the industry; it would also concentrate on the expansion of its products into the U.S. markets. The company boasts of having over 100 plus years of experience on its website and is managed by an executive team which includes D. Padmanabhan as the MD and CEO, Alton Viegas as Director and Promod Haque as the Managing Partner.  "India, by virtue of being our first market, has now settled down to a predictable growth, a sign of our product maturity as well as our movement from the early adopters to more discerning customers; "The current round of funding will help us further accelerate our growth in Asia and Middle East markets, as well as raise our level of penetration in the U.S." said Padmanabhan.

Being a leading provider of automated enterprise and cloud IT performance management solutions, Appnomic solutions helps businesses to migrate, live and thrive into Cloud and Hybrid environments. The company's flagship product, AppsOne, is considered to be industry's first Application Behavior Learning (ABL) solution to leverage real-time application usage patterns in its three-dimensional performance management model.

"Appnomic has a proven track record of quality IT performance management for its clients in India, the Middle East and other global markets, this investment will be crucial in expanding its product, marketing and sales teams, as well as making engineering enhancements to its already stellar product platforms and services here in the U.S. Appnomic's unique blend of product platform and SaaS solutions position it well for continued customer flexibility and growth potential,” said Promod Haque, managing partner, Norwest Venture Partners.

"Our growth during our first year of U.S. operations has been phenomenal and we have been extremely efficient with our capital -- we have made a strategic decision to keep our investments small, and have been nimble, smart and focused on delivering an unwavering commitment to the best technology," said Ray Solnik, head of U.S. operations, Appnomic.