Bluestream Ventures

Bluestream Ventures is a venture capital firm specializing in Seed/startup, early, middle, emerging growth, growth capital, and later-stage technology companies. It prefers to invest in communications infrastructure, enterprise and infrastructure software, storage, and wireless sectors. The firm also invests in application host-enabling software, wireless application service providers, hardware and networking services, and data storage sectors. The firm also invests in companies based in Unites States. The firm typically invests between $2 million to $4 million in early stage and up to $10 million in later stage companies. The firm invests a minimum of $2 million in its portfolio companies. It seeks to invest in companies that are recommended by investors or entrepreneurs with an existing BlueStream relationship. The firm typically invests in companies that have a target market in excess of $1 billion. It prefers to be the lead investor in most new financings. The firm seeks to take a board position in its portfolio companies. Bluestream Ventures was founded in 2000 and is based in Stillwater, Minnesota with an additional office in Menlo Park, California.

Thomas John Erickson

Co-Founder and General Partner

32 past transactions

Meru Networks

Series E in 2009
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.

Fieldglass

Series D in 2005
Fieldglass, Inc. provides intelligent solutions for finding and managing human capital. It offers an unified technology platform that allows hiring managers, human resources personnel, and staffing companies to acquire human capital, including contingent workers, services, and direct hires. The company's solutions include InSite Contingent, a software as a service platform that automates the process of procuring and managing contingent labor, from requisition through invoice and payment; InSite Services, which ensures compliance with corporate and legal obligations for various project-based engagements; and InSite Recruitment that automates the process for directly hiring full and part-time, and contingent workers. It also offers professional services, including implementation and account; training services, such as insite and change management; and support services. The company serves various industries, such as financial services, healthcare, pharmaceuticals, and telecommunications. Fieldglass, Inc. was formerly known as B2BPeople, Inc. The company was founded in 1999 and is headquartered in Chicago, Illinois with technology development offices in Naperville, Illinois; and Mumbai, India.

Gearworks

Series B in 2002
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

Intersect Software

Series B in 2001
Intersect Software has raised a total of $20 million. Intersect's software is designed to help engineering and product-development companies and departments evaluate, test and ship products.

Calabrio, Inc.

Series B in 2007
Calabrio delivers workforce optimization (WFO) and analytics solutions that elevate the customer experience and drive strategic business growth. The company’s integrated Calabrio ONE® software suite—including call recording, quality management, workforce management and analytics solutions—empowers contact centers of all sizes to optimize agent performance and liberate the data that provides true insight into the voice of the customer. With more than 4,000 clients worldwide, Calabrio solutions are built on an intuitive, web-based architecture that positions and accelerates the contact center as an epicenter for customer insight. A pioneer in its industry for more than two decades, Calabrio has twice been named a “Visionary” by Gartner in its Magic Quadrant for Contact Center Workforce Optimization (2012/2013)*. The company also is a member of the Cisco Developer Network (CDN), and a gold member of the Avaya DevConect program.

Gearworks

Series B in 2005
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

TAZZ Networks

Series B in 2003
TAZZ Networks, Inc. provides policy control software. The company offers Visual Design Studio, a drag and drop service creation environment for services and network operations; Policy Control Engine, a carrier-grade execution engine that delivers real-time policy evaluations and actions; and TAZZ Application Modules, a carrier tested policy and service components, for developing and delivering IP services. Its solutions enable service providers to create and deliver services that offer per session controls designed to assure resource availability and service based on the subscriber’s identity, the application requested, the delivery network, and the level of service contracted. TAZZ Networks, Inc. was founded in 2001 and is headquartered in Providence, Rhode Island.

PANTA Systems, Inc.

Venture Round in 2005
PANTA Systems, Inc. builds data warehouse appliances in the United States. It offers PANTA Data Warehouse Appliance with Oracle, which provides the ability to utilize data warehouse applications, ranging from star-schema data marts to large-scale enterprise data warehouses to operational data stores. The company’s offices are located in Westborough and Northborough, Massachusetts; New York, New York; Edison, New Jersey; Chicago, Illinois; Washington, DC; Dallas and Austin, Texas; Fremont and Los Angeles, California; Denver, Colorado; Veenendaal, the Netherlands; Stockholm, Sweden; London, England; and Frankfurt, Germany. PANTA Systems, Inc. was founded in 2002 and is based in Santa Clara, California.

Xalted Networks

Series A in 2001
Xalted Networks is a holding company that enables the development of broadband access systems. The company provides network systems, software solutions, and services. The company’s solutions and services help in the migration of existing residential and commercial networks to broadband-based networks. The company manufactures telecommunications equipment and serves solutions providers, telecom operators, integrators, and resellers. Xalted Networks was founded in 1999 and is based in Mountain View, California.

Wakesoft

Series B in 2003
Wakesoft is an enterprise software company, which provides application architecture solutions and produces application infrastructure frameworks. The company's Wakesoft Architecture Server allows users to build enterprise-level Java, XML, and Web Services applications for financial services, manufacturing, insurance, and transportation industries. Wakesoft is based San Francisco, California.

Akorri Networks

Series C in 2007
Cross-domain performance management software for virtualized data centers

Calient Technologies

Series C in 2001
Calient provides high-density 3D MEMS (Micro-Electro-Mechanical Systems) optical circuit switching for software-defined networks and data centers. Its optical circuit switching technology is used by service providers, cloud computing, content delivery, and government networks. This offers businesses with adaptive photonic switching systems that enable dynamic optical layer optimization in software-defined networks and data centers. The company’s 3D-MEMS switches enable dynamic optical-layer sharing, optimization, and automation of high-performance test, compute, and network resources in data centers, optical transport networks, and DevOps test automation facilities. Calient Technologies was established in 1999 and is headquartered in Goleta, California.

Xora, Inc.

Venture Round in 2009
Xora is a global leader in mobile business applications. Our flagship solution is a suite of configurable cloud-based apps that help mobile businesses and their field employees work faster and smarter. Our apps turn any mobile device into powerful productivity and data collection tools. Our management application processes and reports data that can be used to make decisions that improve field operations. All of our solutions can be integrated with back-office systems and other applications to automate business processes and eliminate manual paperwork. More than 16,000 organizations rely on Xora every day to save money and grow their businesses. For more information, visit us at http://www.xora.com.

Metro Optix

Series C in 2001
Metro-Optix develops hardware for telecommunications companies that want to transition from circuit-based services to cell- and packet-based services. The hardware essentially reduces the number of hardware boxes needed, such as routers, which the networks feed into.

Meru Networks

Series B in 2004
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.

Pirus Networks

Series B in 2001
Pirus Networks offers a range of multi-protocol, multi-vendor intelligent storage networking for distributed open systems. The company is active in industry standard organizations, including membership in the Storage Networking Industry Association (SNIA), Internet Engineering Task Force (IETF) IP Storage Working Groups, and the Fiber Channel Industry Association (FCIA). Pirus Networks was founded in December 1999 and is based in Madrid, Spain.

Gearworks

Venture Round in 2007
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

Surgient

Series C in 2006
Surgient, Inc. offers self-service virtualization automation and lab management solutions. The company offers Virtual Automation Platform, a software automation and management platform that helps enterprise IT organizations to provide self-service computing resources to users. Its virtualization solutions are used for software QA/test, training, sales, and marketing applications. The company’s Surgient Cloud Express combines cloud computing technology and implementation services to help organizations deploy on-premise clouds. Surgient also provides services, such as solution design and architecture, capacity and infrastructure planning, image and lab configuration planning, software installation and configuration, setup of initial images and lab configurations, software customization and integration, training for administrators and end-users, and custom reporting and analytics. The company serves hotels/hospitality, pharmaceutical, aerospace, insurance, software, financial services, healthcare, telecom, and hardware markets. Surgient, Inc. was formerly known as Surgient Networks, Inc. The company was founded in 1999 and is headquartered in Austin, Texas.

Ounce Labs

Series B in 2004
Ounce Labs' solutions enable organizations to identify, prioritize and eliminate business risk to the enterprise caused by software security vulnerabilities. Ounce analyzes application source code to provide the most complete and accurate analysis of application vulnerabilities and their relative priorities, enabling business users and IT professionals to optimize their resources on resolving the most critical issues. With Ounce Labs, organizations strengthen application security, protect confidential information and verify compliance with internal policies as well as industry regulations such as PCI, FISMA, and Sarbanes-Oxley, and best practices including the OWASP Top 10.

Fieldglass

Series C in 2002
Fieldglass, Inc. provides intelligent solutions for finding and managing human capital. It offers an unified technology platform that allows hiring managers, human resources personnel, and staffing companies to acquire human capital, including contingent workers, services, and direct hires. The company's solutions include InSite Contingent, a software as a service platform that automates the process of procuring and managing contingent labor, from requisition through invoice and payment; InSite Services, which ensures compliance with corporate and legal obligations for various project-based engagements; and InSite Recruitment that automates the process for directly hiring full and part-time, and contingent workers. It also offers professional services, including implementation and account; training services, such as insite and change management; and support services. The company serves various industries, such as financial services, healthcare, pharmaceuticals, and telecommunications. Fieldglass, Inc. was formerly known as B2BPeople, Inc. The company was founded in 1999 and is headquartered in Chicago, Illinois with technology development offices in Naperville, Illinois; and Mumbai, India.

Gearworks

Series B in 2004
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

Ounce Labs

Series C in 2006
Ounce Labs' solutions enable organizations to identify, prioritize and eliminate business risk to the enterprise caused by software security vulnerabilities. Ounce analyzes application source code to provide the most complete and accurate analysis of application vulnerabilities and their relative priorities, enabling business users and IT professionals to optimize their resources on resolving the most critical issues. With Ounce Labs, organizations strengthen application security, protect confidential information and verify compliance with internal policies as well as industry regulations such as PCI, FISMA, and Sarbanes-Oxley, and best practices including the OWASP Top 10.

Spanlink Communications

Series A in 2005
Spanlink Communications, Inc. provides business communications technology and network integration solutions in the United States and internationally. It offers packaged applications, such as Spanlink Courtesy Callback that improves customer satisfaction and agent utilization rates; Customer Survey Manager, which provides users with a solution for creating, launching, and managing automated customer feedback surveys; Spanlink Top Customer that enables users to give designated customers attention; and SolutionWatch, an enterprise-grade application monitoring and systems reporting tool to provide alerts on flaws in the voice and data network. The company also provides CentralControl, a system management product that provides the multi-tenancy to manage voice network, enables senior level control at the data center, and provides access for routine changes at the edge; and IVR toolkits for unified customer voice portal, unified contact center enterprise, and unified contact center express platforms. In addition, it offers analysis, design, implementation, validation, launch, transition, and support services; consultative and assessment services, such as solution value analysis, voice readiness assessment, recording studio, reporting assessment, simulation testing, and post-deployment assessment services; and planning, migration, and support services. Further, Spanlink Communications provides contact center solutions, such as unified communications, unified customer contact, and network systems solutions; and interactive intelligence solutions, including enterprise IP telephony, contact center, hosted and on-premise contact center, and business process automation solutions. The company integrates unified communications, customer interaction, workforce optimization, and system management products that exploit the benefits of VoIP network infrastructures. Spanlink Communications, Inc. was founded in 1988 and is based in Minneapolis, Minnesota.

Euclid

Series C in 2004
Euclid provides internet infrastructure solutions and integrated web operations service framework for enterprises and internet companies. The company engages in testing, building, and monitoring complex web infrastructures. It also offers business service management solution for business-information technology alignment; and Euclid Zero, a zero-hardware solution that provides retailers, malls, and other venues with the ability to measure in-store behavior using their existing wireless infrastructure. Euclid is based in San Jose, California.

Meru Networks

Series D in 2006
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.

Meru Networks

Series C in 2005
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.

Akorri Networks

Series A in 2005
Cross-domain performance management software for virtualized data centers

Gearworks

Series C in 2006
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

Gearworks

Series B in 2006
Gearworks provides location-based mobile business applications – in collaboration with wireless carriers – that enable customers to manage their mobile resources. Gearworks products operate under the etrace, Field Force Manager, appmosphere and OnCare brands

TAZZ Networks

Series C in 2005
TAZZ Networks, Inc. provides policy control software. The company offers Visual Design Studio, a drag and drop service creation environment for services and network operations; Policy Control Engine, a carrier-grade execution engine that delivers real-time policy evaluations and actions; and TAZZ Application Modules, a carrier tested policy and service components, for developing and delivering IP services. Its solutions enable service providers to create and deliver services that offer per session controls designed to assure resource availability and service based on the subscriber’s identity, the application requested, the delivery network, and the level of service contracted. TAZZ Networks, Inc. was founded in 2001 and is headquartered in Providence, Rhode Island.

Meru Networks

Series D in 2007
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.

Meru Networks

Series E in 2009
Meru Networks develops and markets wireless LAN infrastructure solutions that use virtualization to deliver pervasive, high-fidelity wireless service for business-critical voice, video and data applications. The company first introduced its award-winning virtual cell wireless architecture in 2003, and Meru products embody a complete departure from typical hub-based WLAN approaches, offering a wireless solution with levels of performance, reliability, security and cost-effectiveness previously found only in wired networking environments.