Application Coordination Pioneer Choreology Secures a Further $4.5 Million Investment by Atlas Venture.Business Editors LONDON--(BUSINESS WIRE)--May 29, 2003 Choreology Ltd, the application coordination software company, announces a $4.5 million funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. with Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the . This is in addition to an initial investment of $3 million by Atlas Venture, announced in July 2002, and founder and angel funding of $1 million. Choreology, founded in January 2001 by a group of worldwide experts in the field of distributed transaction A distributed transaction is an operations bundle, in which two or more network hosts are involved. Usually, hosts provide transactional resources, while the transaction manager management, is developing application coordination software for business transaction management. Many of the company's staff have substantial experience in delivering sophisticated distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing. (2) The use of multiple computers in an enterprise rather than one centralized system. solutions in organizations across a broad range of industries. Cohesions 1.0(TM) is a Coordination Service that enables the synchronization of update operations spanning multiple applications. Business processes using Cohesions 1.0(TM) benefit from application-level consistency, and automated completion of business transactions, even in the event of failures. Cohesions 1.0(TM) implements Business Transaction Protocol 1.0 and WS-Coordination+Transaction. Cohesions 1.0(TM) works in the native Java environment and also integrates with several leading Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. toolkits. "Cohesions 1.0(TM) is the first product to make application coordination and transaction management a reality in today's heterogeneous enterprise." said Alastair Green, 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. and co-founder of Choreology. "Atlas Venture's continuing support of the company reflects a growing recognition of the need for a reliable coordination solution in product form. Our product works with existing deployed applications as well as the growing web services and grid environments." Atlas Venture Principal, Christopher Spray, added: "Since our initial investment, Choreology has released its product and hired product management, sales and marketing teams. The company has created significant momentum in its initial target business sectors of 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. and telecommunications. We are pleased to continue our involvement with the company through the next phase of its growth, which we expect to be rapid and substantial." About Choreology Choreology Ltd (www.choreology.com) is a privately held application coordination software company founded in 2001 by a group of commercial specialists in the field of distributed transaction management. The company's senior management and technical staff average 20 plus years in the IT industry. Headquartered in London, England, with staff in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. the company is backed by Atlas Venture. |
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