DAZEL secures second round of venture capital funding.AUSTIN, Texas--(BUSINESS WIRE)--Feb. 6, 1995--DAZEL Corp., the leader in output management software for client/server enterprises, Monday announced it has completed a second round of financing in which four 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] invested an aggregate of $3.2 million. The investors are Sevin-Rosen Ventures, Austin Ventures, SSM SSM abbr. surface-to-surface missile Venture Partners and 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. . "The capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. will be used to expand our distribution channels and continue the momentum of our product development activities," said Robert Fabbio, DAZEL's founder and president. "We are very pleased with the agreement and the confidence our investment partners have in DAZEL's unique capability to provide enterprises with a solution that unifies the management of network printing, faxing, paging and e-mail messaging." Founded in 1991, DAZEL Corp. employs more than 40 people and has regional offices in San Francisco, Chicago, New York New York, state, United States 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 , Washington and Austin. The company has now received approximately $7 million in venture capital, including a first round financing of $3.5 million from a group comprising Sevin-Rosen Ventures, Austin Ventures and SSM Venture Partners. In December 1994, the company enhanced its DAZEL(R) product family, which unifies a corporation's client/server output management strategy into a single system regardless of whether information needs to be remotely printed, faxed, paged or e-mailed. It also announced partnerships with Dynasty Technologies, Powersoft Corp. and Tivoli Systems to further deploy the system's features into production client/server environments. -0- Note: (R)DAZEL is a registered trademark of DAZEL Corp. CONTACT: DAZEL Corp. Doug Miller, 512/418-8338 or GTT GTT, n See test, glucose tolerance. GTT Glucose tolerance test, see there Communications John Pope, 512/219-6337 |
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