Appilog, Inc. Closes $6.5 Million Financing Round, Led by Cedar Fund; Business Service Management Company Addresses CIO-Level Concerns.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--June 24, 2003 Appilog, Inc. announced today that it has closed a $6.5 Million investment in a financing round led by Cedar cedar, common name for a number of trees, mostly coniferous evergreens. The true cedars belong to the small genus Cedrus of the family Pinaceae (pine family). Fund (www.cedarfund.com) with participation by Appilog's existing investors, Poalim Ventures and Delta Ventures. Appilog is a software technology company, whose Business Service Management (BSM BSM Business Service Management BSM Basic Security Module BSM Best Stations Memory (Pioneer car stereos) BSM Business Systems Modernization BSM Bronze Star Medal BSM Black Student Movement BSM Benilde-St. ) solution is designed to help customers map and manage their IT assets to ensure optimal availability of key business applications. "This latest round of financing complements the excited responses we have received from the market," said Irwin Wallach, Appilog's 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. . "The notable customers that are already using our Pathfinder pathfinder /path·find·er/ (path´find?er) 1. an instrument for locating urethral strictures. 2. a dental instrument for tracing the course of root canals. path·find·er n. solution validate the need for a Business Service Management solution of Pathfinder's depth and breadth. The addition of Cedar Fund to our existing investors will be highly valuable to Appilog's financial strength as we continue to broaden our list of customers and markets we pursue." Appilog's Pathfinder is an application that integrates, manages and visually displays the IT infrastructure of any business, allowing operations managers See datacenter manager. to intelligently manage their critical business applications and IT assets. Pathfinder covers multiple layers including Networks, Protocols, Databases, Operating Systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , and can precisely identify and report problems at any topology topology, branch of mathematics, formerly known as analysis situs, that studies patterns of geometric figures involving position and relative position without regard to size. level, from the entire service level down to the individual objects. Through its agentless architecture, Pathfinder can identify interdependencies and pin-point the root causes of problems, providing improved support and increased availability, alongside automation of manual processes. Customers in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , managed service providers and health care industries are already using Appilog Pathfinder to manage their trading floors, clients and business applications that are key revenue generating components of their IT infrastructure. "Appilog delivers a solution to a problem which CIOs are looking to resolve. They seek a product that can help them better leverage the existing resources of the enterprise by providing a way to visually identify and drill down into the IT infrastructure and resolve any problems," said Amnon Shoham, managing partner with Cedar Fund. "Cedar Fund is pleased at leading this investment round and we are looking forward to working with the company thorough Cedar Fund's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. presence as Appilog accelerates its growth." About Cedar Fund Cedar Fund is a venture capital firm investing in high technology companies. Cedar Fund seeks to invest in outstanding entrepreneurs pursuing high growth markets with distinguished technologies in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , networking, Internet-infrastructure and enterprise software areas. While the fund invests in all stages, it specializes in early stage, Israel-related situations, including Pre-Seed(TM), seed and first round, where it believes its strategy and capabilities offer the greatest potential. With its quality investment track record and over $225 million under management, Cedar Fund is among the largest and most notable 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] focusing on Israel-related, early stage investments. About Delta Ventures Delta Ventures is venture capital fund that invests in innovative technology companies primarily within Israel. The funds investments focus on information technologies that provide business solutions, Internet infrastructure, telecommunications and Medical Devices and diagnostics. About Poalim Ventures Poalim Ventures is a Venture Capital firm investing and actively supporting Israeli and Israeli-related high-technology companies, ranging from start-ups to pre-public mature companies in the areas of enterprise software, communications, cellular technologies, security, and IT. Poalim Ventures has been involved in the Israeli high-tech industry since 1993, when it started as a Fund of Funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. with ongoing involvement in several Israeli VC funds (such as YozmaII, Delta, Formula ventures, and others). Poalim Ventures manages in its direct and indirect funds over $200 million. The direct portfolio includes companies such as PowerDsine, Cyota, Appilog, and Chiaro, and indirectly includes investments in such companies as X-Technologies, Telegate and many others. Poalim Ventures relies on a diverse professional team as well as an active advisory board comprised of leaders in the Israeli high-technology field. Poalim Ventures is part of The Poalim Capital Markets Group and a subsidiary of Bank Hapoalim Bank Hapoalim (Hebrew: בנק הפועלים lit. Bank of the Workers) is the largest Israeli bank. , the largest and most respected banking group in Israel. More information about Poalim Ventures is available at www.poalimcm.com. About Appilog Appilog, Inc. builds and markets Business Service Management (BSM) software solutions designed to ensure and optimize the availability of critical business applications by visually managing multiple infrastructure layers, from the network to the application. The company's customers include leading financial services companies, retailers and manufacturers. Founded in 2000, Appilog is a privately-held, VC-backed company, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with R&D facilities located in Israel. For more information about Appilog, visit www.appilog.com. |
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