Xaffire closes $3 million in funding, names new board member

Web performance monitoring company Xaffire Inc. has closed $3 million in funding from its long-time investor Mobius Venture Capital and named Wendy Lea to its board of directors. Lea, managing partner for The Chatham Group and former vice president of e-business consulting for Siebel Systems, is an expert in sales, marketing and multi-channel strategies. The company says it will use the funds to further develop its Xfire product and to expand its marketing.

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"Xaffire is an innovative organization that is expanding what is possible in web application monitoring and management," said Brad Feld, managing director of Mobius Venture Capital. "Xfire solves a crucial business need that impacts Xaffire customers` profits."

Mobius Venture Capital has more than $2 billion under management and employs an investment team of former CEOs, entrepreneurs and senior technology executives.

Xfire provides state-of-the-art content capture, storage and instant replay capabilities for monitoring of web sessions.