MK Capital, a $150 million venture capital fund announced today it led an $8 million financing round for Netuitive, Inc., a Reston, VA based company that provides self-learning performance management software. This new round of funding will be used to accelerate Netuitive’s market presence in the US and Europe and add to its list of satisfied customers.

Netuitive adds a new dimension to MK Capital’s data center automation investment thesis and compliments previous MK investments including BladeLogic (www.bladelogic.com) and Klir Technologies (www.klir.com). “We believe Netuitive has all of the right pieces in place – unique and powerful technology, seasoned management team and proven products – to be a $100 million company,” stated Mark Terbeek of MK Capital. “We’re helping the company reach this great height by giving it the needed support to expand its team and presence both domestically and abroad. Soon companies worldwide will understand how Netuitive’s products can dramatically reduce costs and increase productivity. We are absolutely thrilled to add this innovative company to our portfolio.”

Netuitive has experienced tremendous momentum in the last year – growing revenues by 400%, adding more than 50 new customers, shipping the enterprise edition of its Netuitive Service Analyzer product and delivering the first self-learning performance management system for VMware. The company has also received numerous accolades during this time including, being named a “Cool Vendor” in IT Operations by Gartner Inc, listed as one of the companies “crashing the gates” in 2007 for IT Service Orchestration by Yankee Group and named a CODiE Award finalist for best new Systems Management solution.

“Since shipping the first release of Netuitive’s solution, we have been focused on improving and expanding our product line in order to provide the market with the most comprehensive self-learning performance management solutions available,” stated Nicola Sanna, CEO and president of Netuitive. “Now that we have laid the foundation for our business, with our products deployed in over 170 companies, it’s time for broader market penetration.”