ATLANTA, November 30, 2006 - OpenSpan Inc., the pioneer of Surface Integration™ 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 OpenSpan’s 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™ 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 user’s desktop in literally minutes without ever writing a line of code,” said Francis Carden, CEO of OpenSpan. “People don’t 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: “Sigma’s and Matrix’s 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: 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: www.matrixpartners.com. About OpenSpan
OpenSpan, an Atlanta based software company, is the pioneer of Surface Integration™ - an innovative approach to desktop integration. OpenSpan's 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: 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.
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