Brio Technology Closes $3.9 Million Financing; Premiere Data Access Provider Poised for Growth in Decision Support Industry.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 3, 1995--Brio Technology, Inc., a leader in data access and analysis solutions for the data warehouse, today announced it has received $3.9 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends from Kleiner Perkins Caufield & Byers (KPCB KPCB Kings Park Concert Band ) and Novus Ventures. KPCB and Novus Ventures are premiere West Coast 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] that have a special interest in decision support solution providers. This financing will fund sales and marketing initiatives for rapid growth as well as the expansion of Brio's data access and analysis products into new solution areas. Brio Technology Brio Technology was a San Francisco Bay area software company cofounded in 1984 by Yorgen Edholm and Katherine Glassey. It made money early on by doing contract work for Metaphor Corporation and performing contract programming. specializes in data warehouse access and analysis tools that support the natural, interactive way users work and are yet scalable for enterprise-wide deployment by information systems managers. Corporations that depend on the information from their data warehouse to assist with strategic business decisions, choose BrioQuery because of Brio's primary focus on the data warehouse. Unlike the competition, Brio's support for the data warehouse is not an afterthought. "Desktop access solutions combined with data warehouse repositories are the next generation of client/server computing," said Katherine Edholm-Glassey, Brio's executive vice president of products. "Brio (Brio Technology, Palo Alto, CA, www.brio.com) A software company founded in 1989 and acquired by Hyperion Solutions Corporation in 2003 that specialized in enterprise analysis and reporting programs that run on several platforms. will provide all the desktop components of modern decision support systems. Data warehouse support is the foundation of that driving vision." Brio Technology was founded by Yorgen Edholm in 1984 after he created the microcomputer-based Decision Support Systems Group of Arthur Young Arthur Young is the name of several notable people
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The group's charter was to utilize personal computers to enable end-users to make decisions based on corporate data. "Brio Technology represents my vision and mission to create products that provide non-technical users access to data needed to make effective business decisions," said Yorgen Edholm, Brio's founder, chairman, president, and chief executive officer. "Our success thus far is attributed to the close work with our customers to develop Brio's products. We receive constant feedback and integrate customer needs in developing a tool that is poised to become the leading solution in this market." "KPCB partners have over 100 years of industry experience in working with successful high growth companies. Decision support systems, specifically data warehouse providers, is a segment in today's competitive marketplace that KPCB has been actively supporting," said Floyd Kvamme, general partner with KPCB. Bernie Lacroute, KPCB general partner added, "Based on the growth potential we see, we are confident that Brio is well positioned to become the market leader in data access and analysis tools for the data warehouse." About BrioQuery BrioQuery, Brio'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. , provides timely and unabridged access to data locked in data warehouses. It is designed to maximize a company's investment in data warehousing because it enables users to do more than simply access the database - it allows them to analyze what is contained there. BrioQuery is unique in the market because it is the first multidimensional query tool. It is the only query tool that includes ad-hoc multidimensional analysis in a desktop data access product. BrioQuery is a multi-function solution that provides both structured reports and unstructured access in an integrated graphical environment. Importantly, BrioQuery is designed to meet the needs of the IS professional by eliminating incremental maintenance because it is based upon a repository architecture and includes centralized control features, built-in version administration (ADR ADR - Astra Digital Radio ), and runs identically on Windows, Macintosh and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). . About Brio Technology Inc. Based in Mountain View, Calif., Brio Technology Inc. is a leading supplier of desktop data access and analysis software for the data warehouse segment of the decision support market. Brio's products and services are sold directly and through distributors, systems integrators, and VARs worldwide. Sales offices are located in Mountain View, Boston, and the United Kingdom. About Kleiner Perkins Caufield & Byers In 1972, the venture capital firm of Kleiner Perkins Caufield & Byers began offering entrepreneurs a broader concept of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. investing: not merely access to capital, but access to people. A partnership with experienced industry leaders who could recognize, challenge, and even improve on a brilliant idea. Since the firm was founded, KPCB partners have helped in the creation of over 75 publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , with another 80 privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. on their way to similar success. They have raised over $1 billion in capital and invested in companies whose total market value exceeds $43 billion. About Novus Ventures, L.P. Novus Ventures is a venture capital fund located in Cupertino, CA, formed in 1994 to invest in emerging companies in the information technology industry. The three founding partners are Dan Tompkins, Shirley Cerrudo and Tom van Overbeek. Mr. Tompkins and Ms. Cerrudo combine 32 years experience in the venture industry with Wells Fargo Investment Co., Burr, Egan, Deleage, and DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. Ventures. The two of them have previously sponsored early round investments in such companies as Intel, Rolm. Storage Technology, PowerSoft, WonderWare and Cornerstone Imaging. -0- Note: Brio is a registered trademark and BrioQuery is a trademark of Brio Technology, Inc. All other trademarks are acknowledged. CONTACT: Brio Technology, Inc. Katherine Edholm-Glassey, 415/961-4110 The Horn Group Bonnie Snow, 415/579-6400 |
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