Oblix Scores $24m in Latest Round of Funding.E-business software provider Oblix Inc has announced the completion of a $24m round of funding with new and current investors. Cupertino, California-based Oblix, which provides directory-based corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. automation software, said total financing for the three-and-a-half year old company has now topped over $38m. New investors - in what amounts to the company's fourth round of funding include - Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , the Intel 64 Fund, Sumitomo Corp and its venture capital arm Presidio Venture Partners, CSK CSK see chronic superficial keratitis. Venture Capital, Siemens Mustang Ventures, and Robertson Stephens Bayview 99. Current investors, including Kleiner Perkins Caufield & Byers and Novell Inc, also contributed to the round. Oblix intends to use the cash to fund its growth plans, which include beefing up the engineering and sales staffs so the company can work on more projects as it continues to meet what it claims is increasing demand for its current offerings. Expansion in Europe - which the company feels is ahead of the US in terms of directory-based applications - is also in the cards, although specific plans have yet to be disclosed. There is currently no timetable for an initial public offering in place, and the new money should be more than enough to carry Oblix through the next 12 months, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. VP of marketing Robert Drescher. The funding comes as new 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. Gordon Eubanks - former chief executive of Symantec Corp - begins to put his mark on the company, Drescher says, focusing primarily on customer needs and making sure that there are enough resources to meet them. Oblix' software is designed to create a secure foundation for e- business by delivering a user-profile driven network environment with trusted delegation, user self-service, publishing and automated workflow. The company says it will be optimizing its software for Intel's upcoming IA64 product family, beginning with the Itanium processor. Oblix also supports all the major directory players including Microsoft, Netscape, Novell, Control Data Systems, 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 Isocor. |
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