iPhrase Technologies Raises $25 Million in Second Round Funding Led by Reed Elsevier Ventures; Additional Investors Include TD Capital Technology Ventures and RSA Ventures.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 2, 2001 iPhrase Technologies, Inc., a provider of enterprise information access software, today announced it has secured $25 million to continue strengthening its leadership position in providing businesses with solutions for connecting users and information. The round, led by Reed Elsevier Ventures, includes new investors TD Capital Technology Ventures and RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Ventures, as well as existing investors Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures, Greylock, and Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. . "iPhrase has been focused on helping industry-leading companies like Charles Schwab Charles Schwab can refer to:
Please [ improve this article] or discuss the issue on the talk page. , one of our key target markets." "As the owner of deep value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. information services See Information Systems. like Lexis-Nexis and Cahners, Reed Elsevier's business is dependent on unlocking the value of content for its customers," commented Diana Noble, managing director of Reed Elsevier Ventures. "iPhrase has developed breakthrough solutions that will connect users to the information they want in one fast, intuitive and accurate step. We're very excited about our investment in iPhrase and the strategic benefits it holds for Reed Elsevier." iPhrase's patent-pending One Step(TM) platform intelligently interprets a user's question, queries all relevant data sources and dynamically presents a specific, tailored response in one step. iPhrase is an enterprise-class solution, which can support a high volume of customer queries and scale with frequent content enhancements. The One Step platform is highly accurate and intuitive for users while being scalable and flexible to deploy for businesses. "iPhrase combines vision and technological innovation with a world-class management team and a proven ability to execute on a focused business plan," said Paul Ciriello, managing director, TD Capital Technology Ventures. TD Capital Technology Ventures invests in enabling technology businesses across industry sectors, as well as pure-play technology and services companies in the financial services sector. "iPhrase has overcome the main obstacle to the development of natural language search and recognition by wrapping its market leading processing engine with a world class interface which enables intuitive interaction and intelligent reporting," commented Fergal Mullen, general partner, RSA Ventures. iPhrase will use the funding to increase its market presence in key verticals and continue developing its industry-defining suite of enterprise information access solutions. About Reed Elsevier Ventures Reed Elsevier Ventures is the recently established venture capital arm of Reed Elsevier PLC, the leading global professional publishing business. The fund invests in later-stage companies offering best of breed technologies applicable to the Group's core markets as well as ventures capable of enhancing the existing product portfolio through a commercial relationship. Reed Elsevier has over 40 million users and owns Lexis-Nexis, Elsevier Science and Cahners. To learn more, visit www.reedelsevier.com. About TD Capital Technology Ventures Established more than 30 years ago, TD Capital is the private equity arm of TD Securities, a division of TD Bank Financial Group. With a staff of 51 investment professionals, TD Capital is a major supplier of equity, equity-related and mezzanine capital Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a company's assets that is senior only to that of a company's shareholders. to growing mid-market businesses in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. TD Capital currently manages over $2.6 billion of private equity investments and commitments, including both direct investments and partnership investments. It is one of the largest and most reputable providers of investment capital and private investment in Canada. TD Capital Technology Ventures invests in enabling technology businesses across industry sectors, as well as, pure-play technology and services companies in the financial services sector. For more information, please visit www.tdcapital.com or call (617) 728-4800. About RSA Ventures RSA Ventures is a venture capital fund sponsored by RSA Security RSA, The Security Division of EMC Corporation, is headquartered in Bedford, Massachusetts, and maintains offices in Ireland, the United Kingdom, Singapore, India, and Japan. RSA organizes the annual RSA conference. Inc., the most trusted name in e-security(TM). The fund is an ROI-driven investment vehicle that combines the strategic value of a corporate investor Noun 1. corporate investor - a company that invests in (acquires control of) other companies company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" with the structure of a venture fund to add value to its portfolio companies. RSA Ventures invests in companies that have a compelling vision and the opportunity to be a market leader in the areas of enterprise software and services, Internet infrastructure, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . In addition to capital, RSA Ventures' portfolio companies benefit from the skills, experience, trusted brand name, and global presence of RSA Security. About iPhrase iPhrase provides enterprise information access software that enables companies to connect users with the most relevant information in one step. iPhrase was founded by business leaders who came together with former MIT MIT - Massachusetts Institute of Technology researchers to address the growing "information access crisis" facing users, who are finding it increasingly difficult to access information efficiently and intuitively. iPhrase has developed the highly accurate and scalable One Step(TM) platform, which enables businesses to dramatically improve customer service, user productivity, and conversion rates. The patent-pending One Step(TM) platform combines language understanding, information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. , and user-interaction algorithms to intelligently interpret a user's question, query all relevant data sources and present a specific, tailored response in a single step. iPhrase's investors include Reed Elsevier Ventures, Sequoia Capital, Greylock, Charles River Ventures, TD Capital Technology Ventures, and RSA Ventures. iPhrase has offices in Cambridge, MA and San Mateo, CA. For more information, please visit www.iphrase.com or call 617/621-7844. |
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