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Remedy  (Stock symbol: RMDY ) Acquired by Peregrine Systems (2001 $ 1,100,000,000)

2350 Bayshore Parkway
Mountain View, CA 94043
Website Company Summary Management Team

Outside board: (May no longer be on the board) Robert V Gunderson (Gunderson Dettmer) Harvey C Jones (Synopsys Chairman);  John Shoch (Asset Management Ventures);  James Swartz (Accel)

Business description: Remedy delivers Service Management software solutions that enable organizations to automate and manage internal and external service and support processes. With more than 7,000 customers worldwide and over 10 years of product development and investment, Remedy, a BMC Software company, delivers out-of-the-box, best-practice applications that help our customers align service and support with business objectives, improve service levels, manage assets, and lower costs. All Remedy applications, including Help Desk, Asset Management, Change Management, Service Level Agreements, and Customer Support, are built on the highly flexible Action Request System®, empowering customers to easily adapt their Service Management solution to unique and changing requirements. Remedy. Your Business, Your Way.™
Customers include: 3ComBay Networks;  Bull;  Cabletron

Rounds: 3
Capital raised: 1.5M
Ownership: Acquired by Peregrine Systems (2001 $ 1,100,000,000)
Stock Symbol: RMDY
Angels/other VCs: Harvey C Jones (Synopsys)

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Sector: Software
Year Founded: 1990
Headcount: 1251-1600 as of May 2002
Rounds: 3
Capital Raised: 1.5M
Ownership: Acquired by Peregrine Systems (2001 $ 1,100,000,000)
Stock Symbol: RMDY