Axia Partners leads growth financing for Network Vision.WALTHAM, Mass. -- Axia Partners today announced that it has closed a $1.6 million growth investment in Network Vision, Inc. (www.intravue.net). Axia invested $900,000 as the lead investor. The remainder of the round was provided by the founding shareholders and several channel partners. Network Vision develops and markets a unique network software solution focused on the rapidly growing industrial Ethernet Industrial Ethernet is the name given to the use of the Ethernet protocol in an industrial environment, for automation and production machine control. Until recently, a PLC (Programmable logic controller) would communicate with a slave machine using one of several possible market. Network Vision's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , IntraVUE(TM), provides a powerful, network and device mapping, visualization Using the computer to convert data into picture form. The most basic visualization is that of turning transaction data and summary information into charts and graphs. Visualization is used in computer-aided design (CAD) to render screen images into 3D models that can be viewed from all and monitoring tool that is used by plant floor technicians to provide level 1 network support. The Company targets the industrial automation market and will expand to other markets in which network and edge device availability is critical and where there are limited network support resources. These markets include municipalities, transportation systems, and building control system. Initial customers include General Motors, Ford, Daimler Chrysler, Exxon, The US Navy, Philip Morris, City of Cincinnati, Charles De Gaulle Airport, Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. Chemicals, Dupont, Unilever, Anheuser Busch, Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. , BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , Scotts Fertilizer, and Gillette. "As industrial markets transition from proprietary control systems to Ethernet based solutions, there is a growing need for networking monitoring tools that can discover and monitor the network in real-time" stated Jim Pelusi, Managing Director of Axia Partners. "Network Vision's founders have a long track record of supplying innovative solutions to industrial markets, and we are excited about partnering with them in this venture" "We are pleased to be working with Axia Partners", commented Mark Fondl, founder 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. of Network Vision. "Axia's general partners have a wealth of operating experience in industrial software, and we believe their active involvement in our company will bring benefits beyond what a typical investor might provide". About Axia Partners Axia Partners (www.axia-partners.com) is a private equity investment and advisory firm dedicated to increasing the equity value of portfolio companies and clients through active participation that leverages the operational experience and in-depth market knowledge of our General Partners. About Network Vision Network Vision Inc. is a software company formed by individuals 50 years of Industrial Automation experience. The founders have held key management positions with companies such as Wonderware, Intellution, Schneider Electric Schneider Electric (Euronext: SCHN) is a French global company. It was founded in 1836 by two brothers, Joseph and Adolphe Schneider, who took over a troubled foundry at Le Creusot. , and Siemens. The company serves four main markets: Industrial Automation, Intelligent Transportation, Surveillance & Security, and Building Automation. www.intravue.net |
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