January 2011
Portfolio Monitor

Dear Longworth Friend,
 

We hope you had a wonderful holiday season and all of us at Longworth wish you a healthy, happy and prosperous 2011.

 

In this New Year's version of the Longworth Monitor, we announce a new portfolio company, a successful follow-on financing, a portfolio company sale and a portfolio company update.

      
New Portfolio Companynewportfolio

 

Nimbus

Longworth Co-Leads Series A Round In NimbusDB

NimbusDB is a next generation database company building the first operational database specifically for cloud computing. Founded by industry veterans Jim Starkey (founder of Netfrastructure, Harbor Software and Interbase) and Barry Morris (CEO of Streambase and IONA), NimbusDB's database will be the first SQL database providing 100% transaction consistency while handling petabytes of data among millions of users.

Longworth co-led NimbusDB's Series A round with Hummer Winblad Venture Partners.

 
Follow-on Financingfollowon
 
 uTest Logo
With 300% year over year growth and a large market opportunity fueled by the many apps being written for platforms like the iPhone, iPad, Android, Salesforce.com and others, uTest closed on an oversubscribed $13 million Series C round led by new investor Scale Venture Partners. Longworth and other existing investors participated. Longworth previously led uTest's first institutional round of financing in 2008.

 

 Portfolio Company Salecompanysale

Rivermine Logo

Rivermine Software acquired by Emptoris

Longworth portfolio company Rivermine Software, a leader in telecom expense management solutions, announced its sale to Emptoris. Rivermine was strategically valuable to Emptoris as they expand their line of spend management solutions to Global 1000 companies. We first invested in Rivermine in April 2005 and we wish Mark Logan and the entire Rivermine management team continued great success.

 

 Portfolio Company Updatecompanyupdate

VKernel Logo

Growth and Awards For VKernel

VKernel had a very successful 2010 and expects even more accomplishments in 2011. As the recipient of the Best of VMworld 2010 Gold Award for Virtualization Management, VKernel's capacity management product is gaining momentum as the virtual server market continues to grow. With new customer orders up 3X over 2009, VKernel addresses key concerns enterprises have with monitoring and managing virtual machines.

About Longworth

 

Longworth Venture Partners, based in Waltham, MA, is an early stage venture capital firm that invests in high growth, innovative companies in Internet, digital media and software.  Founded in 1999, Longworth leverages the deep operating experience of its principals and its market-driven research process to identify and help grow the leading companies of tomorrow.
 
 
                                 Longworth Venture Partners
                                 1050 Winter St. Suite 2600 
                                     Waltham, MA 02451
                                        P:781.663.3600
                                        F: 781.663.3619 

www.longworth.com