This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Blue Medora Secures $1.25 Million In Growth Capital From West Michigan Investors

Blue Medora was founded in 2007 as a partnership between Owen and Atomic Object. They spent the first 18 months developing their initial product, which bridged the monitoring and management capabilities of a key IBM product to a number of critical Oracle applications including PeopleSoft and Siebel.  

Owen said IBM already licenses a number of virtualization and cloud management products from Blue Medora, which has doubled in size from 11 to 22 employees since 2011 and is expected to employ up to 35 people in the next 18 months. Additionally, he said Blue Medora is gaining critical velocity quickly in the marketplace, including a customer portfolio of over 50 enterprises currently using their solutions, and they beginning to attract the notice of analyst groups like IDC and Gartner. The company's current development strategy includes the introduction of systems management and monitoring solutions meant to extend the virtualization capabilities of Oracle EM through VMware integration.

"Systems management is rapidly evolving. Companies are moving away from single solution systems management and demanding more customization and integration into cloud-based solutions like VMware," said Owen. "Blue Medora has been and will continue to work with companies like Oracle, IBM, and VMware to provide leading edge solutions to meet their customers' changing needs."

Based in Grand Rapids, Mich., Blue Medora has developed a range of validated/certified integration products that extend the monitoring and management capabilities of IBM and Oracle's market-leading systems management platforms to the world's leading cloud, virtualization, ERP, CRM, enterprise directory, and messaging software. For more information, visit www.bluemedora.com .

SOURCE Blue Medora

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs