Cerulean Technology receives $6 million in second round of venture capital funding.MARLBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 28, 1996--In a second round of venture capital funding, Cerulean ce·ru·le·an adj. Azure; sky-blue. [From Latin caeruleus, dark blue; akin to caelum, sky.] Noun 1. Technology received $6 million from five leading high tech 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] . The new funding will be used to continue the company's rapid growth and development. Additional investment in sales, marketing, customer support, and research and development will help proliferate pro·lif·er·ate v. To grow or multiply by rapidly producing new tissue, parts, cells, or offspring. the company's market-leading, high tech crime-fighting PacketCluster Patrol software throughout the law enforcement industry. Venture capital firms funding the second round of financing include Boston based Adams, Harkness & Hill, 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 (1st and 2nd round investor), OneLiberty Ventures, Sigma Partners Sigma Partners is a major venture capital firm based in Silicon Valley and Boston. Sigma Partners invests in early-stage information technology companies (semiconductor, software and hardware). The firm was founded in 1984 by J. Burgess Jamieson and C. Bradford Jeffries. (1st and 2nd round investor), and Wellesley based Commonwealth Capital. As the leader in wireless mobile information software applications for law enforcement, Cerulean is arming police officers with 21st century technology today that significantly improves the effectiveness of their job. An increasingly large number of police departments across the U.S., as well as Massachusetts police departments such as Amesbury, Auburn Auburn (ô`bərn). 1 City (1990 pop. 33,830), Lee co., E Ala.; inc. 1839. The city's economy centers around Auburn Univ.; there is some manufacturing. 2 City (1990 pop. 24,309), seat of Androscoggin co. , Chelsea, Lowell and Worcester, are using the company's technology to give their front-line police officers critical real-time information. "Cerulean is the only company that offers the law enforcement industry a cost-effective software solution that makes it easier and safer for police officers to do their job. The company's forward-thinking strategy of using the most advanced technology, such as wireless networks to transmit information, along with its ability to quickly add new features that customers are asking for, continue to make it a strong leader in the industry," said Christopher Spray, general partner at Atlas Venture. Building on its industry success and its recent accolades at the Cellular Telecommunications Industry Association's Wireless Apps 96 show, where Cerulean's software won first place as the most innovative wireless end-user application, the company is now looking to grow its software application and expand its capabilities to further meet customers' needs. "We are dedicated to providing technology that meets the changing needs of our customers and the demands of society for effective law enforcement," said Robert P. Badavas, president 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 Cerulean Technology. "We are committed to delivering 'best of breed' products to public safety users and will use this new round of financing to continue enhancing our product capabilities using cutting-edge technologies." About PacketCluster Patrol PacketCluster Patrol provides police officers in the field with direct access to motor vehicle and criminal records within seconds, reducing risk in potentially dangerous situations. Instead of relying on two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. calls to busy dispatchers for limited information on a driver, officers can tap into a wireless computer network from laptop computers A portable computer that has a flat LCD screen and usually weighs less than eight pounds. Often called just a "laptop," it uses batteries for mobile use and AC power for charging the batteries and desktop use. Today's high-end laptops provide all the capabilities of most desktop computers. in their cruisers This is a so far incomplete list of cruisers 1860-present. It includes protected, light, armoured, battle-, heavy and missile cruisers. Dates are launching dates. Argentina
About Cerulean Technology Founded in 1992, privately held Cerulean Technology, Inc. is a fast-growing developer of innovative, client/server software applications for public and private wireless networks. The company's PacketCluster Patrol has been chosen by police departments in more than 25 states. The Marlborough, Mass. based company is the market leader in wireless mobile information software for law enforcement and public safety. -0- PacketCluster Patrol is a trademark of Cerulean Technology, Inc. CONTACT: Glen Zimmerman Beaupre & Co. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most (603) 436-6690 gzimmer@beaupre.com or Stephanie Smith Cerulean Technology, Inc. (508) 460-4016 ssmith@cerulean.com |
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