Cutler Systems Management Secures $6 Million Investment from Trident Capital.Business Editors/High Tech Writers WAYNE, N.J.--(BUSINESS WIRE)--Feb. 8, 2000 Trident's Venetia Kontogouris and Todd Springer springer a North American term commonly used to describe heifers close to term with their first calf. named to Cutler's Board of Directors Cutler Systems Management, the premier provider of Internet application management services, announced today that it has closed a $6 million round of 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 . The financing was provided by Trident Capital, a leading Silicon Valley-based private equity investment firm. In connection with the investment, Cutler announced the addition of Trident Managing Directors Venetia Kontogouris and Todd A. Springer to Cutler's board of directors effective immediately. &uot;The new funding affirms what we believe to be the tremendous potential of this new Internet See Web 2.0 and Internet2. services sector we've worked to establish and define,&uot; said Bradley Galle, 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. and co-founder of Cutler. &uot;Leveraging the additional capital, as well as the talents of Venetia Kontogouris and Todd Springer on our board, will enable us to move even more aggressively in the areas of new business development, geographic expansion and recruiting.&uot; Cutler focuses exclusively on helping organizations manage, maintain, support and evolve their Web-based business applications. The firm's application management outsourcing Application Management Outsourcing refers to the ongoing maintenance, management, conversion, enhancement and support of an application software portfolio by an external company. services address the full spectrum of post-development challenges faced by internal IT groups, including insufficient staffing, poor site performance, limited scalability, ineffective measurement and unpredictable or escalating costs. Cutler's services enable companies to minimize the drain on internal IT resources, focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
&uot;We view Cutler as the leader in what we expect to be one of the fastest-growing e-sourcing sectors,&uot; said Trident's Todd Springer. &uot;Managing the e-business application lifecycle represents the next generation of Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. companies. With an experienced management team in place, proven partnerships with leading Internet developers and ISPs, and an impressive client roster Cutler is uniquely positioned for future growth.&uot; About Trident Capital Founded in 1993 with offices in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Chicago and Connecticut, Trident Capital is a venture capital firm that invests in companies that are enabling the networked economy. These companies serve the following markets: information technology, infrastructure management and outsourcing, and the Internet. Visit Trident Capital's web site at www.tridentcap.com. About Cutler Systems Management Cutler Systems Management is the premier provider of application management solutions for Internet-based business initiatives. The company's professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. help Fortune 1000 and &uot;dot com&uot; companies manage, maintain, support and evolve Internet, intranet and extranet applications for greater return on their e-business investments. Cutler's reliable, cost-effective solutions address the full spectrum of post-development challenges and free IT organizations to focus on their core competencies. For more information, please call 973.237.9100 or visit www.cutlersystems.com. &uot;Cutler Systems Management&uot; and the Cutler Systems Management logo are service marks of Cutler Systems Management, Inc. All other trademarks and registered trademarks belong to their respective holders. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion