Acta Technology Raises $7.5 Million in Second Round Venture Financing; Proceeds Will be Used to Fund Acta's Rapid Expansion.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Aug. 17, 1998--Acta(tm) Technology, Inc., a leading provider of data warehousing See data warehouse. data warehousing - data warehouse solutions for packaged applications, announced today it has raised $7.5 million in second round venture financing that will be used to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale and support its rapidly growing business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , as well as support its expansion into Europe and Japan. Acta has now raised $9.5 million in two rounds of private venture financing to date. The financing round was led by new investor Norwest Venture Partners, one of the country's oldest and largest venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , with offices in Palo Alto, Calif.; Boston, Mass.; and Minneapolis, Minn. Acta's original investors, Greylock Limited Partnerships and US Venture Partners, both headquartered in Menlo Park, Calif., also participated in the round. Acta's financing comes just five months after the introduction and shipment of ActaLink for SAP, Acta's initial product which extracts data from SAP and non-SAP sources, transforms and cleanses the data, and loads it into a data warehouse. Companies such as Monsanto, S-B S-B Stoer-Bulirsch (sampling algorithm) Power Tools, a subsidiary of Bosch GMBH and Janssen-Ortho have adopted ActaLink. "In five short months, Acta has taken the market by storm," said Promod Haque, general partner of Norwest Venture Partners. "Acta is currently the only vendor to deliver flexible decision support solutions that contain all required SAP and non-SAP information, providing a powerful new capability for gathering business intelligence. We believe Acta is positioned to become a large and successful enterprise and we look forward to working with them to achieve their business goals." Added Acta President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Carol Mills Baldwin, "We are committed to developing the most advanced solutions for extracting, transforming and loading information from ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. (Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. ) applications into data warehouses and marts. This infusion of capital from such highly regarded investors will enable us to more rapidly grow our business worldwide, fund the development of our ActaLink solutions for PeopleSoft and other ERP applications, as well as continue the development of our pre-packaged data warehouses and marts," Baldwin said. About Greylock Limited Partnerships Founded in 1965, Greylock Limited Partnerships is a private venture capital partnership that has sponsored over 100 early stage, high technology companies which have gone on to be publicly traded. Over the past 32 years Greylock has provided equity capital and support to more than 250 developing companies, many of which have gone on to become leaders in their respective industries. Of these companies, over 105 have become publicly held, with a current market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. in excess of $55 billion, while another 80 have merged successfully with other companies. Greylock, which is headquartered in Menlo Park, Calif., has committed capital of over $775 million under management. About Norwest Venture Partners Norwest Venture Partners has invested in more than 300 companies since its founding in 1961. The firm has a national presence, maintaining offices in Palo Alto, Calif., Boston, Mass. and Minneapolis, Minn. Norwest invests primarily in information technology, including software and the Internet, data communications, telecommunications, semiconductors and subscriber-based services. Norwest actively manages more than $600 million in capital and launched a new $300 million fund in 1997. About US Venture Partners U.S. Venture Partners was founded in 1981 to provide professional venture capital management services to a broad spectrum of institutional, corporate and individual investors, both domestic and foreign. Since its founding, U.S. Venture Partners has raised approximately $650 million in various limited partnerships, including approximately $190 million in 1996, and is one of the largest and most active venture capital investment firms in the country. About Acta Technology Founded in October 1996, and headquartered in Palo Alto, Calif., Acta Technology is the data warehouse industry's first and only vendor focused exclusively on providing enterprise data warehouse solutions for packaged client-server applications. Initially focused on SAP, Acta's solutions include pre-packaged data marts built around the industry's only extraction, transformation and loading See ETL. tool, ActaLink, architected from inception to be very tightly integrated with SAP's application layer. Acta is a member of the SAP Complementary Software Program (CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P ) and has signed a strategic OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationship with Cognos. Privately held, Acta is funded by Greylock Limited Partnerships, Norwest Venture Partners and US Venture Partners. The company was founded by Sachin Chawla and Alex Gorelik, the architect and manager of Sybase, Inc.'s highly successful data movement software, Sybase Replication Server. For more information, visit Acta's World Wide Web site at http://www.acta.com. Acta and ActaLink are trademarks of Acta Technology, Inc.
CONTACT: For Acta Technology:
Humphrey Strategic Communications
Scott Humphrey, 503/644-9709
humphrey@strategic-pr.com
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