Expressor Software, a Burlington, Mass.-based provider of semantic data integration, has raised $10 million in Series B funding. Commonwealth Capital Ventures led the round, and was joined by return backers Globespan Capital Partners and Sigma Partners.
expressor software, the leader in semantic data integration, today announced that it has secured $10 million in a second round of funding. The investment was led by Commonwealth Capital Ventures, the early and growth stage venture capital firm that has invested in roughly 140 high-growth companies, many of which are leaders in their respective industry categories. Globespan Capital Partners and Sigma Partners, two other premier venture capital firms and expressor’s existing investors, also participated in this Series B financing.
The funding will enable expressor software to further advance its innovative next-generation data integration platform and to rapidly expand marketing, sales, business development and product support. This announcement follows expressor software’s recent news regarding the appointment of two industry veterans to its senior management team in preparation for its next phase of growth (http://www.expressor-software.com/press-release_2008-07-16.htm).
Justin Perreault, general partner at Commonwealth, commented, “We see a huge opportunity for expressor software to reshape the competitive landscape in the data integration market. We believe that expressor has developed a highly innovative and differentiated software solution that can add tremendous value for large as well as midsize companies. Moreover, we are very impressed by the company’s highly experienced and seasoned senior management team, which made it even more compelling for us to lead this funding round.”
Justin Perreault has also been appointed to the expressor software board of directors (http://www.expressor-software.com/about-us-board-of-directors.htm).
“Data integration is too expensive and difficult to use and today’s products have difficulty coping with the complexity and exponentially growing volumes of data in G2000 enterprises,” said Bob Potter, CEO of expressor software. “This is why we have developed an innovative, next generation data integration platform that is easy-to-use, high-performing, and extremely affordable versus current solutions. This round of financing will enable us to aggressively invest in our product and go-to-market strategies and plans, and is a testimony to the confidence our investors have in our company and market opportunity.”
about expressor software
expressor software tackles the complexity and cost of enterprise IT projects with data integration software that delivers breakthrough development productivity and data processing performance at a significant price/performance advantage. expressor’s patent-pending semantic data integration system has been designed from the ground up � based on common business terms � that enable collaborative, role-based team development, business rule reuse and end-to-end project lifecycle management.
expressor software is headquartered in Burlington, MA and was founded in 2003 by experienced data integration and data warehousing practitioners and executives. For more information visit http://www.expressor-software.com.
about Commonwealth Capital Ventures
Commonwealth Capital Ventures (Waltham, MA) is a venture capital firm focused on software and software-based services, Internet and digital media, communications technology, and instruments and systems investments in the Northeastern United States. The firm’s collaborative investment approach leverages the entire team’s venture and operating expertise, experience, and contacts to guide portfolio companies through all stages of their development. Since its inception in 1995, Commonwealth Capital has invested in more than 140 high-growth companies. Commonwealth currently manages over $580 million of committed capital across four funds. For more information, please visit http://www.commonwealthvc.com.
about Globespan Capital Partners
Globespan Capital Partners is a leading global venture capital firm investing in information technology and cleantech companies. Its investment team has a proven track record based on partnering with management teams to build strong, successful companies. With offices in Boston, Palo Alto, and Tokyo, Globespan Capital Partners invests in companies all across the United States and in Japan on behalf of a global base of limited partners. For additional information, visit the Globespan Capital Partners website at http://www.globespancapital.com.
about Sigma Partners
Sigma Partners invests in exceptional entrepreneurs and as a pillar of the venture capital industry for over 20 years provides support and strength to entrepreneurs driven to build great companies. With over $2 billion under management, Sigma invests in innovative technology startups across the United States. Drawing on deep operational backgrounds as entrepreneurs and executives, Sigma’s partners provide management teams with practical strategic counsel through every phase of company growth. For further information on Sigma Partners, please go to http://www.sigmapartners.com.