Insevo Announces Merger with Taviz Technology; Company's Suite of Products Simplifies Enterprise Integrations and Migrations.Business Editors/High-Tech Writers 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. , Calif.--(BUSINESS WIRE)--April 30, 2003 Taviz Technology, a leading provider of intelligent adapters for enterprise application integration and migration, and Insevo, Inc., the leading provider of J2EE Connector See Java Connector. Architecture application integration solutions, announced today that they have combined the operations of both entities into a single company. The new company will operate under the name Insevo. The combined company's suite of products enable real-time integration and interoperability among heterogeneous systems and technologies. Using Insevo's standards-based platform-independent solutions, customers can greatly simplify integration and migration projects regardless of the IT infrastructure they have. Taviz Technology and Insevo, Inc. bring to this merger complementary technologies, strategy and distribution channels that will yield immediate synergies. The combined company's products offer its customers a simple yet complete solution to solve the last mile of connectivity: the problematic connection to enterprise applications. The Insevo solution easily integrates into an enterprise's existing infrastructure with off-the-shelf connectivity to leading application servers, integration servers, middleware and databases. In the case were no middleware support is required, Insevo allows for direct connectivity between application systems through the use of its powerful Intelligent Adapter development environment. In short, Insevo provides simple and complete connectivity solutions. "This merger brings together two best-of-breed integration technologies that allow customers to leverage standards-based, platform-independent technologies to reduce the time and cost of integration projects, while protecting existing infrastructure investments," said Kevin Scott, partner with 3i 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. . Insevo's industry leading JCA (1) (Java Cryptography Architecture) An umbrella term from Sun for implementing security functions for the Java platform. It includes Sun's Java Security API as well as the Java Cryptography Extension (JCE), which adds more programming interfaces for encryption solutions provide real-time, out-of-the-box, bi-directional connectivity between all major J2EE application A J2EE application or an enterprise application is any deployable unit of J2EE functionality. This can be a single J2EE module or a group of modules packaged into an EAR file along with a J2EE application deployment descriptor. servers and enterprise information systems such as SAP, PeopleSoft, Oracle, Siebel, JD Edwards See J.D. Edwards. and legacy systems. This complements the robust data validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. and transformation capabilities provided by Taviz' innovative Intelligent Adapter technology, its strong Unix and Microsoft-based offerings and its particular expertise in the Oracle, SAP and PeopleSoft arenas. The combined company is also taking advantage of new synergies and economies of scale by adding Insevo, Inc.'s connectors to the Taviz eIntegration Suite significantly expanding the product's capabilities to make it even easier to integrate to enterprise applications via standard interfaces. Taviz Technology's strong alliances with Microsoft, Sybase, Deloitte Consulting, BearingPoint and Computer Sciences Corp. combined with Insevo, Inc.'s partnerships with Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Borland, 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) and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. provide a broad distribution channel that will enable deeper and wider market coverage. "The combined company will address a broader range of enterprise application lifecycle needs, from migration, conversion and consolidation to the real-time integration of enterprise applications. The new Insevo provides integration solutions that work with application servers, integration servers or other middleware technologies. Insevo simplifies integration to any enterprise application within any infrastructure," said G. Bradford Solso, 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. of Insevo. Insevo will go forward with a customer base of more than 125 including Bechtel, Best Buy, British Telecom, Canon, Diebold, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Ford, Canton de Geneve, New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , PG&E, PricewaterhouseCoopers, Schroders, Tokyo Gas, Wacker Wacker may refer to:
In connection with this transaction, Insevo has raised additional equity capital from existing shareholders. The financing round was led by 3i US and includes former investors Rocket Ventures and Novus Ventures. The company will leverage these resources for additional product development and market expansion. About Insevo Insevo provides market-tested technologies that simplify the application integration and data migration challenge. Insevo's suite of products is targeted at those enterprises whose integration needs require straightforward solutions across heterogeneous systems, platforms and technologies. Integrating these complex environments enables our customers to derive greater business value from their information. Through innovative technologies called Intelligent Adapters and Business Process Connectors Insevo's products can significantly reduce the time and costs of developing and deploying integration and migration solutions. The Insevo solutions can be leveraged across any number and combination of enterprise applications, application server platforms and legacy systems reducing the risk and total cost of ownership associated with integrating these technology infrastructures. Market leaders such as Microsoft, IBM, BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. , Sybase, Borland, NEC, Sun, Fujitsu, Deloitte Consulting, Computer Sciences Corp. and BearingPoint rely on Insevo products to provide integration solutions to their customers. Insevo products have been proven in Global 5000 organizations including Best Buy, Canon, First American Real Estate, Waste Management, Ford, Bechtel, Starbucks, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. School Construction Authority, PG&E, PricewaterhouseCoopers, Wacker Chemical, British Telecom, County of San Diego and the New York Stock Exchange. Headquartered in San Mateo, Calif., with offices in the United States, Europe and Asia, Insevo can be reached at 888/243-8762 and www.insevo.com for more information. About 3i 3i is a leading international venture capital company with U.S. offices in Menlo Park, Calif., and Waltham, Mass. Operating since 1945, 3i has invested worldwide over $23 billion, including co-investment funds, with a total staff of 800 employees operating out of over 30 offices in 16 countries. 3i leverages this worldwide presence to add value to its portfolio companies and investment partners. In the United States, 3i concentrates on early and late stage technology investments in companies with the potential to be leaders in their markets. Outside the USA, 3i invests broadly in private equity and venture capital. Visit 3i and its portfolio at www.3ius.com. About Rocket Ventures Rocket Ventures is a "next-generation" venture capital firm focused on early-stage companies with $80 million under management. Rocket Ventures is a "company builder," and has proven its ability to build financial value with over 150+ years of high-tech operating experience, 30+ years of venture capital expertise, and 30+ years of IT consulting and sales expertise. Rocket Ventures focuses on the core fundamentals of a business: investing in motivated and proven management, solving significant business problems, creating a valuable product or service offering, creating the right kind of sales force and sales partners, and executing an efficient operating plan. For more information visit www.rocketventures.com. About Novus Ventures Founded in 1994, Novus Ventures is a Small Business Investment Company (SBIC SBIC Small Business Investment Company SBIC Sustainable Buildings Industry Council SBIC Singapore Bioimaging Consortium (Singapore) SBIC School Bus Information Council SBIC Saudi Basic Industries Corporation SBIC Scsi Bus Interface Controller ) that invests in early stage information technology companies. Working side by side with entrepreneurs, Novus Ventures' partners, combine active board participation with early stage venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so . They use their expertise and experience to enhance the capabilities of the management team, clarify the strategy, forge customer alliances, fundraise fund·raise or fund-raise also fund raise intr.v. fund·raised, fund·rais·ing, fund·rais·es To engage in fundraising. Verb 1. and add reporting discipline. The partners have extensive backgrounds as technologists, financial executives, operating executives, CEOs, entrepreneurs and venture capital investors. With $148 million under management and offices in Cupertino, Calif., the firm's portfolio is comprised of investments in enterprise software and infrastructure, information technology and semiconductor technology. For more information visit www.novusventures.com. |
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