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News and Information Article
ATLANTA, Nov. 30 // -- OpenSpan Inc., the pioneer of Surface
Integration(TM) today announced that it closed its first round of VC
funding. Premiere venture capital firms Sigma Partners and Matrix Partners
are the lead investors in this round. This funding will help to fuel the
expansion of OpenSpans direct and channel business operations, in order to
advance its leadership position in the desktop integration and automation
software market.
Since the release of the flagship product Composite Studio in 2005,
OpenSpan has quickly become the leading provider of Surface Integration(TM)
software. Composite Studio enables IT, analysts or even domain experts to
rapidly integrate and automate any type of application right at the
desktop, providing a streamlined desktop environment for businesses seeking
gains in productivity, performance and quality for their end users and
contact center agents.
"By productizing what is traditionally a very complex and heavy
services oriented activity, it is now possible to greatly simplify a users
desktop in literally minutes without ever writing a line of code," said
Francis Carden, CEO of OpenSpan. "People dont believe it when they see the
product in action, how the intuitive graphical modeling environment of
Composite Studio can produce in minutes what would usually take weeks,
months or years of back end integration with senior engineers".
"OpenSpan has revolutionized not only the ability for contact centers
to easily improve productivity and service quality, but the agility of any
business processing function in any organization to integrate and automate
disparate applications right at the desktop at lightning speed," stated
John Mandile, Managing Director at Sigma Partners.
David Skok, General Partner at Matrix Partners added, "Our investment
strategy is to invest in companies that we perceive to be on the cutting
edge of creating major new markets in software, and OpenSpan fits that
category with its ingenious and rapid approach to desktop integration and
automation."
Francis Carden concluded, "Sigmas and Matrixs investment in our
company is a terrific endorsement of our technology, our team and our
business plan. We look forward to working closely with two of the top value
added investors in the world, who have an incredible track record of
proactive mentoring, networking and support for their portfolio companies".
About Sigma Partners
Sigma Partners, a high technology venture capital firm with over a
billion dollars under management, helps entrepreneurs transform ideas into
substantial, profitable businesses. Our partners have experience as
successful CEOs, entrepreneurs and technologists. With this deep operating
and technical insight we help build teams and strategies that produce
sustainable value and successful outcomes. We were early investors in
companies such as Cascade, Vignette, StorageNetworks, Internet Security
Systems and Tradex. CEOs of Sigma portfolio companies speak highly of how
we leverage our network, our experience and our creativity. Our team also
invests meaningful personal funds alongside the main fund, giving a sense
of our active, long-term commitment to our portfolio companies. For more
information, please visit: http://www.sigmapartners.com.
About Matrix Partners
Since its inception in 1977, Matrix Partners has been dedicated to
helping outstanding entrepreneurs build industry-leading technology
companies. Matrix focuses on companies that develop cornerstone
technologies of the information revolution and invests in a broad range of
sectors including software, communications equipment, semiconductors,
storage, Internet and wireless. With offices in the two major technology
centers - Boston and Silicon Valley - Matrix has developed an exceptionally
strong network of contacts and a deep reservoir of entrepreneurial
know-how. For more information, please visit: http://www.matrixpartners.com
About OpenSpan
OpenSpan, an Atlanta based software company, is the pioneer of Surface
Integration(TM) - an innovative approach to desktop integration. OpenSpans
software product, Composite Studio, fully enables rapid integration and
automation between applications, without programming, and at a fraction of
the cost and time of any other solution. Composite Studio is a visual
design environment that allows both IT and domain experts to optimize the
existing functionality and any interactions between desktop applications,
regardless of their ownership and origin (Windows, web, legacy/host, Java,
etc). Solutions can be generated in minutes in order to improve
productivity, streamline business processes, reduce costs, improve customer
service, and enable tighter integration with partners and customers. For
more information, please visit: http://www.openspan.com.
OpenSpan, Surface Integration and Composite Studio are either
registered trademarks or trademarks of OpenSpan, Inc, in the USA. All other
trademarks, trade names, or company names referenced herein are used for
identification only and are the property of their respective owners.
Patents pending.
For additional information, contact:
OpenSpan, Inc.
Andy McCartney
andy.mccartney@openspan.com
678-336-1295
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