Coradiant Completes $15 Million Private Placement Financing

Coradiant, Inc, the leading maker of User Performance Management equipment, announced today the completion of a $15 million private placement investment led by Mesirow Financial Private Equity. Joining them were current investors Desjardins, DCM, GrandBanks Capital and Miramar Venture Partners. “This funding will allow us to further accelerate our rapid growth,” said Brett Helm, Coradiant’s CEO and chairman of the board. “We’ve achieved category leadership in user performance management for online systems, and are making significant investments in bringing new capabilities for managing quality of experience.” “We are very excited to be investors in Coradiant,” said Tom Galuhn of Mesirow Financial Private Equity. “We believe that Coradiant has tremendous potential because of the combination of real-user monitoring technology, a world-class customer base, and the huge demand for more efficient, business-relevant capabilities to manage online quality and performance.” “Since our Series A investment in Coradiant, we’ve seen the company make substantial progress and continue to be extremely excited about its potential,” said Charley Lax of GrandBanks Capital. “This funding is a very important milestone for Coradiant that will enable them to expand their market leadership.” About Coradiant Coradiant brings understanding to online user performance. Coradiant’s Real-User Monitoring equipment gives web operations teams the real-time insight into user experience that they need to find and fix problems quickly, and Performance Analytics turns detailed web transaction data into intuitive, real-time visualizations that are relevant across the entire organization. Coradiant’s award-winning Real-User Monitoring and Performance Analytics products are the first choice for customers in all online market segments. See Coradiant at www.coradiant.com.