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Sphera Increases Second Round

Sphera, a Boston developer of Web hosting automation and management software, has added $5 million to its recent $15 million second round.

Vision Capital and Bank of America Equity Partners provided the new capital. Previously, TLcom Capital Partners, Jerusalem Venture Partners and Gemini Israel Funds contributed to the round.

"Closing this additional $5 million given present capital market conditions from such leading American financial institutions . . . is a vote of confidence for Sphera's Web hosting automation and management solution," said Tamar Naor, Sphera's CEO. "This funding, coupled with key account wins and strategic partnerships mark a strong start for Sphera in 2002."

Sphera's HostingDirector product, automates all aspects of Web hosting management for ISPs and Web hosting providers. It streamlines operations and reduces costs by enabling end-customers to self-provision a range of Web, database and e-commerce applications.

Sphera is privately held. In addition to its Bay State headquarters it has office in Washington, D.C., and London, and research and development facilities in Israel.