Contrado Secures Extension of Series A Funding.Business Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--March 18, 2002 Contrado, a Dallas-based Enterprise Software company focused on the Software Supply Chain(TM), today announced it has secured an extension of $2.7 million for its Series A round of funding, bringing the company's total investment capital to $7.7 million dollars. Investors for the extension include Feld Ventures, Mobius Venture Capital, formerly SOFTBANK Venture Capital, and TIBCO Software Tibco Software Inc. is a software company, with headquarters in Palo Alto, California. Tibco sells business process management and business integration software. History Vivek Ranadive founded the company as Teknekron Software Systems (TSS) in 1985. . All three companies, in addition to Support.com (Nasdaq:SPRT SPRT Support SPRT SupportSoft, Inc (stock symbol) SPRT Sequential Probability Ratio Test SPRT Standard Platinum Resistance Thermometer SPRT Simple Packet Relay Transport SPRT Standard Quality Platinum Resistance Temperature Detector ), supported Contrado in its original Series A round of funding. "The changing economic and technological environment has accelerated the demand for more cost-effective, long-term enterprise software solutions," said Mike Koehler, managing partner of Feld Ventures. "Through successful customer engagements with companies such as Delta Air Lines and Interliant, Contrado has proven that it has the right team, technology vision and products to meet the needs of systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and VARs deploying enterprise-wide software solutions." About Contrado Contrado provides enterprise-level infrastructure software that enables companies to deliver complex software applications, configurations, and upgrades to any device at any time. The company has created a real-time Software Supply Chain(TM) platform for the development, packaging, deployment and ongoing management of custom and off-the-shelf applications and operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . With its patented approach, Contrado's products provide centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. management of a distributed endpoint's software stack (1) A stack that is implemented in memory rather than in hardware registers. See stack. (2) A generic reference to a set of system programs or a set of application programs that form a complete system. See stack. (including operating systems, databases, applications, configurations, user profiles and personalizations) from the initial deployment through upgrades to hardware replacement/recovery. Headquartered in Dallas, with a second office in Jacksonville, Fla., Contrado is backed by world-class partners, such as the Feld Ventures, Mobius Venture Capital, TIBCO TIBCO The Information Bus Company and Support.com. For more information, visit www.contrado.com. |
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