Infotone Communications Receives $5 Million Series A from Sierra Ventures
Redwood City, CA (PRWEB) July 26, 2005 -- Infotone Communications, a
high-tech start-up with an innovative Codefree® approach to enterprise software
integration announced today it has secured $5 million in Series A funding from
Sierra Ventures, one of Silicon Valley’s leading high-tech venture
Infotone will use the Series A investment to fund completion of customer acceptance testing of Infotone’s patent-pending coupler hardware products, which include highly-customizable graphical UI configuration capabilities. Infotone’s cutting-edge Codefree® technologies allow business requirements, logic, and rules for sophisticated processes to be specified in a model- and pattern-driven graphical environment. In a single click, graphical specification becomes live implementation on Infotone’s specially-designed coupler hardware, with zero code or software development effort.
Infotone CEO William Seagrave said, “We’re gratified that Sierra Ventures has recognized the value CIOs and IT execs will gain from Infotone’s Codefree® approach. I have seen first-hand how complicated and expensive enterprise integration projects have become, and I’m convinced Infotone brings game-changing technology to the problem.” Prior to joining Infotone, Seagrave was Vice President of Applications Sales at Oracle Corporation, where he was a key contributor in building the company’s applications sector from concept to a $1.8B business, and CEO of D2K, Inc., a provider of data integration products.
"Sierra believes that Infotone’s Codefree® technology will do for integration what routers did for networking a generation ago, cut cost and complexity by moving intelligence into the network,” said Sierra Venture’s venture partner Jeff Loomans. “Infotone targets the climbing cost and complexity of IT data and application integration, which today is caused largely by middleware and other code-intensive approaches.”
Infotone founder and Senior Vice President of Product Avery Moon explained how Infotone’s technologies raise the bar on XML appliances: “Infotone tackles the complexity of the entire integration stack, actively executing and managing all facets of rules, semantics, and context of sophisticated business processes. For the first time, this endows the network with the active semantic awareness necessary to manage the most notoriously tricky aspects of integration, such as exceptions, complex event processing, and hybrid human-computer workflow.” Moon continued, “This active approach to network-centric integration is a significant leap over today’s XML appliances, whose passive design inherently limits their capability to stateless content routing and transformation.”
About Infotone Communications Corp.
Infotone Communications Corp. is the creator of the coupler, Layer 8 networking hardware which enables enterprise customers to integrate applications and data with no code. Couplers use Codefree® technology to execute sophisticated business processes and logic as configured in a model- and pattern-driven graphical UI environment with no software development or code required, dramatically lowering integration lifecycle costs relative to traditional middleware software. Infotone Communications is based in Redwood City, California. More information is available at http://www.infotone.com.
About Sierra Ventures
Sierra Ventures, founded in 1982, is a privately held venture capital firm focused on investments across all areas of the Information Technology sector from semiconductors to enterprise software. Sierra Ventures has managed eight venture capital partnerships and currently has more than $1 billion of capital under management. Some of the firm's investments include Combinet (acquired by Cisco), StrataCom (acquired by Cisco), ConvergeNet (acquired by Dell), Quinta (acquired by Seagate), Intuit (INTU), OnLink (acquired by Siebel), Healtheon (merged with WebMD), AmeriGroup (AGP), Micromuse (MUSE), Active Software (acquired by WebMethods), Centex (acquired by WorldCom), and Interact Commerce (acquired by Sage). More information is available at http://www.sierraventures.com.
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Source : http://www.prweb.com/releases/2005/7/prweb265433.htm