First Analysis Venture Capital Leads a $16.5 Million Investment in XMLSolutions.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--March 8, 2000 First Analysis Venture Capital today led a $16.5 million round of investment in XMLSolutions. XMLSolutions belongs to First Analysis Venture Capital's portfolio of emerging ecommerce products and services. "XMLSolutions has demonstrated unparalleled thought leadership and strong market positioning in terms of innovation with XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology," explains Bret Maxwell, a partner with First Analysis Venture Capital (FAVC FAVC Fort Ancient Valley Conference (Ohio) FAVC Florida Association of Volunteer Centers ), who will be joining the board. "Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , XMLSolutions has demonstrated their ability to serve large and high-growth customers with complex needs, helping them reach trading partners without the lag created by one-to-one mappings." XMLSolutions will use this round of funding to serve new customers in various vertical markets, continue product development and extend its reach by developing alliances with leading ebusiness companies. "The completion of our second round of funding enables us to continue to grow key areas within our organization including the development efforts associated with XEDI XEDI eXtensible Electronic Data Interchange XEDI XML Electronic Data Interchange Translator and Schema Central," stated Edwin Miller, President and COO of XMLSolutions. "First Analysis brings extensive experience to our team and has a proven track record of successful ventures with some revolutionary Internet based technologies." "XMLSolutions has the most advanced product offering and metadata expertise, allowing their customers to efficiently resolve the problem of disparate standards and schemas and bringing them one step closer to a seamless environment for ebusiness," explains Anju Ahuja, a principal with FAVC, with expertise in enabling ecommerce technologies and ASPs. Representative customers of XMLSolutions include Kaiser Permanente Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. , 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) , Kraft, Unisys and First USA. XMLSolutions Corporation XMLSolutions Corporation (www.xmls.com) is a provider of XML-based business-to-business e-commerce products that enable companies to leverage their investment in legacy systems and extend their electronic trading communities to small and midsize trading partners. XMLSolutions backs its XML e-commerce software with a superior professional services team, staffed with world experts in XML, EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , metadata and legacy system integration. First Analysis Venture Capital First Analysis Venture Capital (www.firstanalysisvc.com) is one of the largest early-stage 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] in the United States. With a total of ten funds raised, FAVC has funded over 150 successful companies providing the infrastructure for an enhanced business-to-business marketplace. FAVC plays an active role in developing and scaling early-stage companies by providing entrepreneurs with assistance in corporate development and strategy, business development and alliances as well as financing events. |
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