Management appliance maker lands $10 million

Remote management vendor Uplogix Tuesday announced it had secured an additional $10 million in venture capital in a third round of funding led by customer and now investor Citi.

Uplogix will add the $10 million to its efforts to expand globally and continue to develop its product set designed to provide access, control and enforcement capabilities to IT staff managing several disparate locations. The company previously received more than $10 million in two rounds of funding from investors Adams Capital Management and Fayez Sarofim & Co., but this third round is unique because a current Uplogix customer, Citi, is also contributing.

"We couldn't be happier with how customers like Citi are adopting our technology," said Tom Goldman, CEO of Uplogix, in a statement.

Uplogix, founded in 2003, delivers its Envoy suite of network management appliances that enable out-of-band connectivity to let IT staff in one location manage devices at another site. Out-of-band connectivity means that if the network goes down, the devices can still be reached, and Uplogix officials say the appliances automate several processes for diagnostics and recovery on remote sites -- reducing the need to staff distributed locations.

Investors say they see potential in Uplogix products.

"Uplogix is based on a strong foundation of knowing what remote management problems occur within enterprise IT environments and delivering against those challenges," said Martin Neath, general partner at Adams Capital Management.