Arzoon Secures $10 Million in Venture Funding.Business Editors SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--April 17, 2003 - 100% Customer Satisfaction Continues at Logistics Resource Management Provider - Arzoon, a provider of integrated international trade logistics and transportation management software, announced today the completion of a $10 million round of financing. The financing was jointly led by Redrock Ventures and InnoCal Venture Capital, together with participation by existing investors including Venrock Venrock is a pioneering venture capital firm formed in 1969 to build upon the successful investing activities of the Rockefeller family that began in the late 1930’s. It has offices in Menlo Park, California, New York City, Cambridge, Massachusetts, and Israel. Associates. "Since Arzoon's inception, we have remained committed to achieving 100 percent customer satisfaction with our logistics resource management software," said Farid Dibachi, Chairman 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. at Arzoon. "The geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. issues of the last few years have created unprecedented challenges for global shippers and increased demand for logistics software. The latest round of financing from new and existing investors further validates the strength of our business strategy and importance of our software in ensuring the safety and security of global supply chains." Arzoon customers include several Global 2000 companies. The company is the first software vendor to integrate international trade logistics with multi-modal transportation management to provide a holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine view of the supply chain and facilitate the movement of international shipments -- from raw materials to finished goods. Arzoon software assists companies in meeting new U.S. Customs requirements for tracking and monitoring the status of all international shipments. "We decided to invest in Arzoon because of the strength of its product in uniquely addressing global and domestic transportation challenges on a single, web-native platform," said Jay Houlihan, Managing Partner at InnoCal. Bob Todd Bob Todd (15 December 1921 – 21 October 1992) was a British comedy actor, mostly known for appearing as a straight man in the sketch shows of Benny Hill and Spike Milligan. He was born in Faversham, Kent and died in Sussex, six months after Benny Hill died. , Managing Partner at Redrock Ventures added, "The strength of Arzoon's management team along with the rich knowledge base of the company's global transportation experts is truly unique. The main reason behind our investment was the significant benefits realized by Arzoon customers in using its solutions." "Arzoon is unique in their low-cost, fast turn-on deployment strategy. As an early investor in Arzoon, we continue to believe in this practical, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. strategy as their customers realize cost-savings quickly with little required upfront investment," said Ray Rothrock, Executive Managing Partner at Venrock Ventures. "Arzoon's continued commercial success is clear evidence this strategy is working." About Arzoon, Inc. Arzoon is a leading provider of Logistics Resource Management (LRM LRM Language Reference Manual LRM Casa De Campo, Dominican Republic (Airport Code) LRM Long Range Missile LRM Line Replaceable Module LRM Local Resource Manager LRM Line-Reflect-Match LRM Land Resources Management ) solutions, a new class of software solutions for supply chain execution that provides visibility and control of integrated transportation and import/export processes and delivers cost savings, trade security, and supply chain advantage to Global 2000 companies. The Arzoon(TM) LIFE(TM) family of Web-based solutions offers robust functionality in transportation sourcing, optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , and execution, import/export compliance, inventory visibility, event management, reporting and analysis, and freight payment. Arzoon LIFE software is used by a growing number of leading companies around the world in the high technology, transportation services, manufacturing, and consumer products industries. Founded in September 1999, Arzoon, Inc. maintains its worldwide headquarters in San Mateo, Calif. and has operations and offices located throughout 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. and Europe. Arzoon can be contacted in the U.S. at +1.650.522.6000 or at www.arzoon.com. Arzoon, the Arzoon logo and LIFE are trademarks, and in some jurisdictions may be registered trademarks, of Arzoon, Inc. For more information regarding Arzoon's investors, please visit: Venrock Associates: www.venrock.com Redrock Ventures: www.redrockventures.com InnoCal Venture Capital: www.innocal.com |
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