12/04/2006
OpenSpan Secures $8 Million in First Round of Funding
OpenSpan Inc., the pioneer of Surface Integration recently
announced that it closed its first round of Venture Capital
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 generating 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”.
For more information, please visit: www.openspan.com
