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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY / SEPTEMBER 15, 2003: VOL. 2 NO. 37
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Applications:
METATOMIX CLOSES $8.3 MILLION
VENTURE ROUND
Metatomix Inc, a global provider of real-time visibility and integration
technology, announced it has closed $8.3 million in a third round of funding.
The round was led by new investor, Apex Venture Partners, with participation
by Velocity Equity Partners, along with strong support from the company's
existing investor base. The new capital will be used to expand Metatomix's
market position in the commercial and government markets.
Metatomix, founded in December 2000, has developed its Real-Time Visibility
and SMARTE (Surveillance Monitoring and Real-Time Events) Suites based on
its innovative application of Semantic Web-based architectures. The Semantic
Web extends the Internet by allowing data-driven interactions to enable
greater access to all types of information. This evolution extends the
original Web concept of people interacting with computers to the sea changing
philosophy of machines interacting with machines. Metatomix has harnessed this
data-driven network computing technique to deliver real-time information
integration and visibility software for commercial applications.
The Metatomix software suites, based on a common, flexible architectural
platform, enable corporate enterprises and government agencies to integrate
disparate information systems, located virtually anywhere, and gain critical
insights in real time. The company has filed numerous patent applications
around its innovative intellectual property. As an innovator in the
advancement of the Semantic Web for enterprise applications and its use of
standards for defining data and metadata such as the W3C standard Resource
Description Framework (RDF), Metatomix's complete real-time platform is made
up of three components:
- Metatomix Interchange Platform -- message-oriented middleware designed to
interface to any existing information systems and data sources to gather
information.
- The Hologram Store -- a persistent XML-based cache where data is
aggregated
and patterns and trends are identified delivered in real- time.
- Visibility Dashboard -- Web-based graphical interface producing immediate
graphical, GIS, and tabular business insight and analytics as events
occur.
Metatomix has successfully penetrated its target markets in financial
services, hospitality, and state and local governments serving customers that
include Union Planters, Millennium Copthorne, Politzer & HANEY, the State of
Florida, Massachusetts Emergency Management Association (MEMA) and the
Middlesex County Sheriff (Massachusetts), among others.
Apex Venture Partners has more than $500 million of capital under
management
and a 15-year track record of funding and building early stage technology
companies. Also participating in this round, and making their first investment
in Metatomix, are Velocity Equity Partners, a private venture capital firm
investing in early stage growth companies primarily in the Northeast, as well
as several other institutional and individual investors. Additionally, the
company's current investor group of Equity Resources Group, Tudor Ventures,
First Light Capital, Claflin Capital, Delta Capital, Bingham McCutchen and
numerous individual investors participated.
"Metatomix's innovative applications, based upon Semantic Web-based
technology, to deliver real-time technologies; the strength and strong
accolades from its customer base and partners; its significant market
opportunities across many verticals; and the experienced executive team gave
us the strong motivation to invest in this company," said Wayne Boulais,
general partner at Apex Venture Partners. "We are excited to work with this
team to expand its market penetration and build on its recent successes."
"This recent infusion of capital will allow us to expand our presence in
the
commercial and government markets by ramping up our sales and marketing
efforts as well as furthering the development of our core technologies," said
Bob Angelo, president and CEO of Metatomix. "We are very excited about
attracting a lead investor the caliber of Apex, encouraged by Metatomix's
ability to continue to raise venture capital in this tough economic climate,
and appreciative of the continued support by our existing investors."
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