DecisionPoint Raises $10 Million in New Round of Funding From Battery Ventures.Business Editors BEAVERTON, Ore.--(BUSINESS WIRE)--Jan. 14, 2002 Tier One Venture Capital Firm Sees Substantial Opportunity To Accelerate Growth Of Financial Performance Management Software Leader Despite tough market conditions, DecisionPoint, a leading provider of financial performance management software, today announced it has raised an additional $10 million of financing from premier venture firm Battery Ventures. The funds will be used to accelerate the growth and increase the market share of the company by intensifying in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: its sales, marketing and customer support activities and furthering its technology leadership worldwide. "This funding marks another significant milestone in our transformation of DecisionPoint into the recognized leader of software that companies use to optimize optimize - optimisation their financial performance," said Yorgen Edholm, president and chief executive officer of DecisionPoint. "Given today's tough market conditions, our success in partnering with a leading firm such as Battery Ventures demonstrates the strength of our fundamental business strategy and potential to seize seize v. To exhibit symptoms of seizure activity, usually with convulsions. a leadership position in our target markets." Mark Sherman, a general partner with Battery Ventures and chairman of DecisionPoint's board of directors, said, "We invested in DecisionPoint because of its unique and proven technology, strong management team and business momentum with major corporations. The company has all the makings required to define new standards and own the top spot in the substantial market for financial performance management software." About DecisionPoint DecisionPoint is a leader in financial performance management software that enables key decision makers to access and customize mission critical business information easily, efficiently and affordably. The company's solutions help customers drive revenue, manage costs and improve their overall financial performance, with rapid return on investment and minimal risk. Global 2000 companies using DecisionPoint include Nike, Aetna, Sony, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. Diary Board, Parks Victoria Parks Victoria is the government agency of the state of Victoria, Australia, responsible for the management of Victoria's national parks and other reserves, including historic sites and indigenous cultural heritage sites. , Eziba, and British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. . Founded in 1996, DecisionPoint is based in Beaverton, Oregon Beaverton is a city in Washington County, Oregon, United States, seven miles west of Portland in the Tualatin River Valley. As of May 2006, its population is estimated to be 84,270,[1] 9.1% more than the 2000 census figure of 76,129. . For more information, visit www.dpapps.com. About Battery Ventures Battery Ventures is a leading venture capital firm focused on technology investments. With a team of more than 60 professionals and nearly two decades of success, Battery has the people, experience and capital to guide emerging technology companies to category dominance. Since 1983, the firm has invested worldwide in more than 130 companies across the communications, software and internet/e-business industries. From its offices in Wellesley, MA, and San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , CA, the partnership manages over $1.8 billion in committed capital. For more information, visit www.battery.com. |
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