Metaserver, Inc. Raises $25 Million in Third-Round Funding.Business Editors NEW HAVEN New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , Conn.--(BUSINESS WIRE)--July 12, 2000 Latest Round of Venture Capital Investment Builds on Metaserver's Record Growth to Date in the Business Process Integration Software Market Metaserver, Inc., a leading developer of e-business infrastructure software, today announced that it has closed a third round of venture capital funding with a combined $25 million investment, co-led by Century Capital Management and Madison Dearborn Madison Dearborn Partners (MDP) is a private equity firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth Partners (MDP MDP Mot de Passe (French: Password) MDP Markov Decision Process (artificial intelligence) MDP Management Development Program MDP methylene diphosphonate MDP Millennium Democratic Party ). Metaserver will utilize the funding to further accelerate its sales and marketing activities in the emerging business process integration marketplace. Given the caution with which 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] often regard technology prospects, the substantial support provided by quality investors attests to the strength of Metaserver's established market leadership, technology expertise, and solution offerings. "We are pleased to reach another milestone in Metaserver's explosive growth by raising additional funds to significantly accelerate our thriving development, sales, and marketing efforts - enabling us to continuously define the growing business process integration market," commented Richard Schultz Richard Schultz was one of the prosecutors in the Chicago Seven trial that took place in the late 1960s. Schultz, then an assistant United States Attorney for the Northern District of Illinois, attended DePaul University College of Law. , Co-Founder and 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 Metaserver, Inc. "By investing in Metaserver, these global venture capital companies have recognized our unique ability to deliver a leading product to the market." "Century Capital Management invests in companies with a focus on financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , which is one of Metaserver's strongest customer bases. These companies must integrate their legacy-based business processes and systems to the Web, and Metaserver is the ideal product to facilitate such a migration," commented Craig Eisenacher, Managing Director, Century Capital Management, Inc. "We expect to see enormous growth in this market, as Metaserver continues to help organizations realize significant time and cost savings in moving their operations to the Web." "Madison Dearborn Partners is committed to backing companies that demonstrate long-term leadership promise," added Greg Share, Associate, Madison Dearborn Partners. "Metaserver has already established a foothold in this emerging market, featuring an advanced product and proven management team. As a pioneer in the e-business integration arena, Metaserver is poised to become a premier industry player." Metaserver's business process integration software, Metaserver(R), is widely recognized as the leading solution in the market to help organizations seamlessly integrate and migrate traditional business processes and their respective IT systems to the Web - while preserving and optimizing existing technology investments. As a spin-off from network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. pioneer Scientific Computing Associates (SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. ), the company is the result of more than 15 years of research and development in the areas of parallel distributed processing The first term used to describe the distribution of multiple computers throughout an organization in contrast to a centralized system. It started with the first minicomputers. Today, distributed processing is called "distributed computing." See also client/server. technology and virtual shared memory (1) Using part of main memory to support a low-cost display circuit that does not have its own memory. See shared video memory. (2) The common memory in a symmetric multiprocessing system that is available to all CPUs. See SMP. 1. . Metaserver's management team and Board of Advisors include some of the foremost members of Connecticut's technology and computer science communities. About Century Capital Management Century Capital Management, headquartered in Boston, has invested in insurance and related companies since 1928 when Century Shares Trust, the first open-end mutual fund specializing in insurance stocks, was formed. As a leading independent investment firm specializing in insurance investments, the firm today focuses on private and publicly traded global risk management businesses, healthcare services and related technology services companies. Century Capital has invested in a number of leading companies, such as Adminiquest, RewardsPlus of America, Terra Nova Terra Nova may refer to: In geography:
About Madison Dearborn Partners Madison Dearborn Partners (MDP), headquartered in Chicago, IL, is a leading private equity investment firm with more than $6 billion of capital under management. MDP focuses on management buyouts and growth equity transactions involving rapidly developing companies. MDP has significant investment experience in several specific industries, including communications, basic industries, consumer/e-commerce, health care, and financial services. MDP's current technology ventures include Nextel Partners, Omnipoint Corporation (now VoiceStream Wireless), 360Networks, and Clearnet Communications. About Metaserver, Inc. Headquartered in New Haven, CT, Metaserver, Inc. is a pioneer in the continuously evolving software-based business process integration market. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Metaserver(R), serves as a Business Transformation Engine(TM) to enable a company to identify, define, and deploy a seamless solution for automating business processes and making them accessible to customers, partners, vendors, and employees. For more information, contact Metaserver, Inc. at 203-497-9888, or visit http://www.metaserver.com. |
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