BlueStripe Software Secures $8 Million in Funding

Valhalla Partners and Trinity Ventures validate BlueStripe's leadership
position in the Application Service Management (ASM) market

RTP, N.C., April 20 /PRNewswire/ -- BlueStripe Software, the industry's
leading provider of Application Service Management (ASM) solutions for today's
dynamic IT infrastructures, today announced it has secured an additional $8
million in funding. The investment round was led by Valhalla Partners, with
BlueStripe's initial investor, Trinity Ventures, also participating.
BlueStripe will use the funding to continue expansion across business
operations, including product development, partner and channel development,
sales and marketing.

BlueStripe's initial investor and long-standing Board member, Noel Fenton of
Trinity Ventures, explained, "We continue to see a growing opportunity for
helping enterprises manage applications based on the increasing number of
major computing platform changes given the trends of virtualization, SOA and
Web 2.0." Fenton continued, "BlueStripe's management team has the expertise
and the solution that answers the market need for application visibility
across an infrastructure, regardless of platform or environment. Our
continued investment is indicative of the strength of our partnership and our
belief in this team."

Industry analysts continue to see growth in the virtualization market as
enterprises strive to lower costs and realize IT infrastructure resource gains
in today's economy. "With virtualization's impact on application management,
traditional monitoring and management tools that focus on systems, and not the
application, are no longer sufficient. We see BlueStripe as hitting a
critical market need by resolving a difficult business challenge," stated Gene
Riechers from Valhalla Partners. "BlueStripe has developed a unique approach
for managing applications in distributed, dynamic environments, and is doing
so with an easy-to-deploy, cost-effective solution that delivers results in
minutes."

BlueStripe's flagship product, FactFinder, enables enterprises to successfully
stage, deploy, and manage business-critical applications. FactFinder provides
the application discovery and unique service-level driven capabilities for
application support with unsurpassed intelligence into the performance and
behavior of these applications. This allows users to understand the structure
and relationship of their applications to efficiently manage them, identify
performance issues, and perform triage to resolve issues.

"This additional funding allows us to accelerate our growth and expand our
capabilities for customers moving to new platforms, such as cloud or virtual
infrastructures, enabling them to change the way they manage their
business-critical applications," explained Chris Neal, CEO and co-founder of
BlueStripe. "In this economy, it's critical for entrepreneurs to find venture
capitalists who are accessible and knowledgeable about guiding a company
through its lifecycles. We're fortunate to have a great partnership with
Trinity and excited to have Valhalla Partners join our team."

FactFinder provides the intelligence to manage and support production
applications, with the tools to measure application health and performance, or
the ability to triage critical business applications during P2V conversions or
new application roll-outs. Before FactFinder, visibility into the performance
of business-critical applications was limited, creating delays in isolating
and resolving application performance issues, diminishing the ROI of
virtualization efforts, and limiting the quality of new application roll-outs.
But as organizations today continue to demand service-level intelligence on
application performance, FactFinder is meeting the challenge.

Since launching the company in September 2008, BlueStripe has garnered
extensive attention, including IDG's Network World selecting the company as
one of its "10 IT Management Start-Ups to Watch"; eWEEK identifying
BlueStripe's FactFinder as an IT Infrastructure "Product to Watch"; and
FactFinder was a Best of VMworld 2008 Finalist by TechTarget Inc.'s
SearchServerVirtualization.com in the application and infrastructure
management category.

About BlueStripe Software
BlueStripe Software is the industry's first provider of Application Service
Management (ASM) solutions for dynamic data centers. BlueStripe's flagship
product suite, FactFinder, improves the way companies manage their
business-critical applications, regardless of application, OS or server
platform. Based in the Research Triangle Park area in Morrisville, N.C.,
BlueStripe is led by an executive team that has built some of the industry's
leading enterprise application management companies, including Wily
Technology, Relicore, Computer Associates and IBM/Tivoli. For additional
information, please visit www.bluestripe.com.

About Trinity Ventures
Founded in 1986, Trinity Ventures, a boutique firm, partners with passionate
entrepreneurs to transform revolutionary ideas into reality. With over $1.5
billion under management, Trinity Ventures was founded on the principle of
personal engagement and mutual respect with the entrepreneurs we fund.
Trinity Ventures focuses on early stage technology ventures with a particular
emphasis on digital media, Internet services, mobility, security and software
markets.

Trinity Ventures has invested in more than 100 ventures, including such
leading companies as Affinity Labs (acquired by Monster.com), Aruba Networks,
Bix (acquired by Yahoo!), Blue Nile, Crescendo Communications, Extreme
Networks, Forte Software, IntruVert Networks (acquired by Network Associates),
LoopNet, Modulus Video (acquired by Motorola), Network Alchemy (acquired by
Nokia), Photobucket (acquired by News Corporation), SciQuest, Speedera
Networks (acquired by Akamai Technologies), Starbucks, Sygate Technologies
(acquired by Symantec) and Wall Data.

About Valhalla Partners
Valhalla Partners is a trusted partner and advisor to technology entrepreneurs
in their quest to build world-class companies. Based in Vienna, Virginia, the
firm's management team has made more than 120 investments over the past 20
years and produced almost $1 billion of investment proceeds. Valhalla prefers
investments where the mission of the company is to innovate, challenge and
fundamentally change the dynamics of new and existing markets. Investments by
Valhalla's team include Advertising.com, BDMetrics, CareerBuilder.com,
Clarify, EnterpriseDB, Epicor, Exchange Solutions, JumpTap, LeftHand Networks,
Mobius, NextLink, Nirvanix, Progress Software, Proxicom, RealOps,
Register.com, Riverbed Technologies, SafeNet, SEPATON, ServiceBench, Trilogy,
and webMethods. Valhalla Partners brings the full power and network of its
experienced team to every investment it makes, helping companies grow faster
and smarter regardless of size or maturity. For more information, go to
www.valhallapartners.com.

MEDIA CONTACTS: Mike Lough Toni Iafrate
BlueStripe Software Davies Murphy Group, Inc.
+1.877.750.2583 +1.781.418.2406
mlough@bluestripe.com bluestripe@daviesmurphy.com
www.bluestripe.com www.daviesmurphy.com

SOURCE BlueStripe Software

Mike Lough of BlueStripe Software, +1-877-750-2583, mlough@bluestripe.com; or
Toni Iafrate of Davies Murphy Group, Inc., for BlueStripe Software,
+1-781-418-2406, bluestripe@daviesmurphy.com