Austin Ventures and AV Labs Announce Series A Funding for ForwardVue Technologies Inc.; To Use Funding to Develop Enterprise Risk Optimization Software Solution for Fortune 1000 Companies.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--July 10, 2001 ForwardVue Technologies Inc., provider of risk optimization software Free and Open Source software
Austin Ventures led the round, joined by AV Labs, an early investor in the company. ForwardVue will use the funding to develop the company's initial applications and infrastructure over the next twelve months. The company offers enterprise wide decision support solutions to Fortune 1000 companies enabling them to develop and execute risk strategies to achieve dramatically higher shareholder value. Today commodities based businesses such as forest products, chemicals and metals are under considerable pressure with boom and bust In economics, the term boom and bust refers to the movement of an economy through economic cycles. The Boom-Bust economic cycle According to most economists, an economic boom is typically characterized by an increased level of economic output (GDP), a corresponding supply cycles, low growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and low market valuations. Moreover new entrants are changing the rules and winning market share with new risk oriented products, creative contract terms and 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. products. ForwardVue was founded to enable the incumbents in these industries to challenge these new entrants by providing the software and information they need to be competitive. "We're excited about our investment in ForwardVue," said Ross Cockrell, from Austin Ventures. "The company is creating a very compelling solution for commodities based industries. We're truly optimistic about their business opportunity based on the early customer enthusiasm raised while working with AV Labs." "Companies are beginning to understand that they need applications that focus on risk strategies," said Phil Siegel, 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. of ForwardVue Technologies. "Our solutions will enable companies to not only better manage risk, but more importantly use risk strategies to provide new products and incremental revenue streams." About Austin Ventures Since 1979, Austin Ventures has grown to be the largest venture capital firm in the Southwest. With more than $3.1 billion of capital under management, Austin Ventures is one of the 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] 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. . Austin Ventures' investments include such companies as Tivoli, Vignette Vignette A symbol or pictorial representation of the corporation on a stock certificate. Usually a complicated and artistic design, it is meant to make the counterfeiting of stock certificates as difficult as possible. , Motive, Crossroads, Agere, Active Power and Silicon Labs. For more information, go to www.austinventures.com. About AV Labs AV Labs is an early stage venture fund focused on seed and first round investments in Internet companies delivering B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , applications and infrastructure products and services through the Internet. AV Labs focuses on companies where the differentiation AV Labs delivers -- executive operating talent and experienced entrepreneurs -- make a significant difference in a company's time to market. The firm can be reached through its Web site at www.avlabs.com or info@avlabs.com. About ForwardVue Technologies Inc. ForwardVue is a provider of Enterprise Risk Optimization Solutions for Fortune 1000 companies. ForwardVue is based in Austin, Texas and to date has received funding from Austin Ventures and AV Labs. Additional information regarding ForwardVue can be found at www.forwardvue.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion