Wily Gets $15 Million in Venture Backing

Company says its sales tripled last year, and it exceeded its revenue goal for 2002.

Java-based application management provider Wily Technology Inc. Monday announced a new $15 million round of venture backing, building on its sales momentum.

Officials at the Burlingame, Calif., company claimed that its sales tripled last year over 2001, and that the company exceeded its revenue goal for 2002.

"We doubled our customer base, and our maintenance renewal rate is over 90 percent," said Lewis Cirne, founder and chief technology officer of the 5-year-old, privately held firm.

The news follows closely on the heels of a new release of the companys Introscope Java application performance management tool and the introduction of a pair of new tools to its product lineup.

Introscope 4.0 adds a new fully customizable dashboard that allows users to represent what they want to manage, according to Cirne.

The new release also allows users to display top 10 lists that can include the most active Java beans, the slowest Java beans and so on.

Introscope 4.0 also adds a new performance agent that can gather performance statistics outside the Java Virtual Machine. The new EPA Agents can monitor Apache logs on a Web server, gather I/O disk statistics, or monitor BEA Systems Inc. WebLogic or IBM WebSphere error logs.

The new Introscope Transaction Tracer can identify individual problem transactions and determine which components are causing performance degradation. The new tool incorporates patent-pending technology that takes a snapshot of transactions and graphically shows which components are taking up what resources, according to Cirne. "You can go component by component within the application and ID those components that eat up the major time spent," he said.

The new Introscope LeakHunter also incorporates patent-pending technology that allows users to locate memory leaks in J2EE (Java 2 Enterprise Edition) applications within hours of installation, according to Cirne. "We ID memory leaks and help developers to fix the leaks and increase application availability," he said.