Core Capital Leads Series A Round for 6th Sense Analytics.Core Capital Managing Director, William Dunbar, Joins Board of Software Analytics Company WASHINGTON -- Core Capital Partners, a private equity firm that invests capital in technology ventures, announced today a Series A investment in Morrisville, N.C.-based 6th Sense Analytics, a pioneer in improving software development metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. . Intersouth Partners of Durham, NC also participated in the round. The total investment of $6.7 million will be used to accelerate research and development in addition to expanding marketing and sales. "The 6th Sense solution delivers new levels of automation that enable developers to more easily track software development data and metrics and keep projects on budget and on time," says William Dunbar, Core Capital managing director. "We remain active in the space because demand for better analytics software is increasing, especially as a growing number of development projects are outsourced offshore." "Core Capital has a proven track record of success in building great companies in our space," said Greg Burnell, 6th Sense 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. . "This round of funding will enable us to help meet the growing demand for our solution as it provides accurate visibility into maintenance efforts and other development processes - a challenge traditional applications have failed to meet." The 6th Sense solution focuses on providing accurate, fact-based metrics regarding developers' work real time in addition to capturing data that focuses on maintenance efforts such as defect tracking In engineering, defect tracking is the process of finding defects in a product, (by inspection, testing, or recording feedback from customers), and making new versions of the product that fix the defects. and bug fixes A revised program file or patch that corrects a software bug. See bug, patch and hot fix. (programming) bug fix - A change to a program or system intended to permanently cure a bug. to change requests. Current customers include CoreObjects, Defywire, GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) and iconoculture. About Core Capital In business since 1999, Core Capital (www.core-capital.com) is a Washington, DC-based venture fund with over $350 million under management. The firm invests in a wide range of technologies, with a particular focus on telecommunications hardware and software, wireless applications, enterprise software, network security, e-commerce, logistics and tracking, energy and power management in addition to web and communications services. Sample portfolio companies include Sourcefire, NexTone Communications, InPhonic, buySafe, RoundBox, Trust Digital, Trinity Convergence, and IXI. To learn more, please email us at info@core-capital.com. About 6th Sense Analytics 6th Sense Analytics, a pioneer in improving software development metrics, gives developers and managers deep insight into their software development process by delivering accurate metrics without interrupting the software development lifecycle or changing the tools used. The company uses an open and independent architecture that provides visibility into the status of distributed software projects. Founded in 2004 by a team of experienced executives in the software development market, representing companies including Rational (now IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ), TogetherSoft and Borland, 6th Sense Analytics is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based near Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . |
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