|
| [September 19, 2007] |
 |
Intalio Closes Round of Funding Led by Partech International
PALO ALTO, Calif. --(Business Wire)-- Intalio, Inc., The Open Source BPMS Company, today announced the closing of a new round of funding led by Partech International. Vincent Worms, co-founder and managing partner at Partech International, will join the Intalio Board of Directors.
"We were most impressed with the traction of Intalio's open-source suite in the marketplace," said Vincent Worms. "Intalio delivers a high-quality yet affordable product to a market that has been constrained in the past by prohibitively high upfront costs. We believe the company's low friction sales model will help propel Intalio to lead the next generation of BPM solutions, as well as expand the market for BPM software overall."
"Intalio went from 12 customers to over 200 in the past 18 months," said Ismael Ghalimi, co-founder and CEO at Intalio. "On a daily basis, over 50 new organizations start using Intalio for BPM projects, and this trend should only accelerate when we release Intalio 5.0 later this month. Partech's investment comes at a perfect time for us to capture the fantastic opportunity that standards-based BPM, also referred to as BPM 2.0, is becoming today."
Intalio's existing investors, including 3i, Cargill Ventures, Sippl MacDonald Ventures, Woodside Fund, and XML Fund, all participated in the new round. Intalio will target the funds on its next phase of growth, extending its network of over 75 reselling partners located in 26 countries, and deploying a global telesales organization with offices in North America, Europe, and Asia.
About Partech International
Founded in 1982, Partech International is a leading global venture capital firm with offices in the U.S., Europe and Israel. With $850M under active management, our investment team focuses exclusively on Information Technology. Specific areas where we invest include Software & Internet, Healthcare IT, and Communications & Components. In each of these sectors, our team diligently sources companies with high return potential and disruptive technologies.
About Intalio, Inc.
Intalio is the leading vendor of Open Source BPMS and helps over 10,000 organizations around the world get the most return on investment from their Service-Oriented Architecture (SOA) by developing and deploying new business processes without having to write code. Founded in July 1999, Intalio is a privately-held, venture-backed company located in Palo Alto, California. For more information on Intalio, please call 650-596-1800 or visit www.intalio.com.
[ Back To TMCnet.com's Homepage ]
|
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
