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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY / JUNE 9, 2003: VOL. 2 NO. 23
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Systems/Enterprise:
CHOREOLOGY SECURES $4.5M
INVESTMENT BY ATLAS VENTURE
Choreology Ltd, the application coordination software company, announced a
$4.5 million funding agreement with Atlas Venture.
This is in addition to an initial investment of $3 million by Atlas
Venture,
announced in July 2002, and founder and angel funding of $1 million.
Choreology, founded in January 2001 by a group of worldwide experts in the
field of distributed transaction management, is developing application
coordination software for business transaction management. Many of the
company's staff have substantial experience in delivering sophisticated
distributed computing solutions in organizations across a broad range of
industries.
Cohesions 1.0 is a Coordination Service that enables the synchronization of
update operations spanning multiple applications. Business processes using
Cohesions 1.0 benefit from application-level consistency, and automated
completion of business transactions, even in the event of failures. Cohesions
1.0 implements Business Transaction Protocol 1.0 and WS-
Coordination+Transaction. Cohesions 1.0 works in the native Java environment
and also integrates with several leading Web Services toolkits.
"Cohesions 1.0 is the first product to make application coordination and
transaction management a reality in today's heterogeneous enterprise." said
Alastair Green, CEO and co-founder of Choreology. "Atlas Venture's continuing
support of the company reflects a growing recognition of the need for a
reliable coordination solution in product form. Our product works with
existing deployed applications as well as the growing web services and grid
environments."
Atlas Venture Principal, Christopher Spray, added: "Since our initial
investment, Choreology has released its product and hired product management,
sales and marketing teams. The company has created significant momentum in its
initial target business sectors of financial services and telecommunications.
We are pleased to continue our involvement with the company through the next
phase of its growth, which we expect to be rapid and substantial."
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