Photo: Greylock Partners
All of a sudden, enterprise software is the hottest thing.Here’s today’s proof: The newest partner to join VC firm Greylock Partners is Dev Ittycheria.
Ittycheria founded BladeLogic and led it to a $900 million acquisition by BMC Software in 2008. BladeLogic was quite the hot company at the time. It created a new way for companies to manage their servers by automating tasks. Such automation technologies are key building blocks for cloud computing. Ittycheria then helped BMC run its $1.4 billion Enterprise Service Management unit. Ittycheria also serves on the boards of a handful of startups.
Greylock is looking to Ittycheria to help it find a new crop of enterprise startups.
“Enterprise IT is in the midst of a huge shift, with the incumbent public vendors highly vulnerable to disruption in their future revenue streams and profit pools,” Greylock’s Asheem Chandna explained a blog post.
VCs are already starting to cash in. In Greylock’s portfolio, Palo Alto Networks and Service-Now have already filed S-1′s, Everyone’s watching for Workday to go public. And investors are hot to buy. Two weeks ago they fell in love with two enterprise IPOs, Splunk and Infoblox.