Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

 
  • Active Endpoints Receives $5M in Funding

    April 29th, 2009 No comments

    Investment Permits Company to Expand Its Success in the Business Process Management System Marketplace

    WALTHAM, Mass. Active Endpoints, Inc. (www.activevos.com), the inventor of visual orchestration systems, today announced that it has raised $5M in an extension of its Series B funding. Participating in the investment round was North Bridge Venture Partners, one of the company’s original investors. Active Endpoints will use the new funding to expand R&D, marketing and sales to capitalize on the success of ActiveVOS in the Business Process Management (BPM) marketplace.

    Enterprises today increasingly look to BPM technology to automate core, long-running business activities that use a combination of computing resources and human tasks. ActiveVOS has established leadership in automating business process management applications with an easy-to-use, affordable, standards-based product which has grown rapidly in both customer acquisition and revenue since the announcement of ActiveVOS 6.0 in September, 2008 (see ActiveVOS Experiences Rapid Growth in Q1 2009and Active Endpoints Reports Record Growth in 2008.)

    “In the tight economic times we are in today, before a company will acquire a BPMS, vendors have to meet a much higher standard of proof that a BPMS will deliver productivity quickly,” said Mark Taber, CEO, Active Endpoints. “ActiveVOS delivers the real return on investment BPMS buyers want. As a result, more and more customers are discovering ActiveVOS and using it to revolutionize their business process management applications. Now, with the continued support of our investors at North Bridge Venture Partners, we will be able to expand our reach to more customers who can succeed with ActiveVOS.”

    ActiveVOS allows developers, business analysts, operations staff and managers to model, develop, test, deploy and manage a new generation of 100% standards-based BPM applications affordably and quickly. In contrast to the costly, stitched-together-through-acquisition approaches of other vendors, ActiveVOS is complete. ActiveVOS is easy to learn and can be rapidly deployed. The company offers a free, supported 30-day trial and a website with dozens of samples, learning materials, complete class curriculums, demos, podcasts, webinars and more – all available for download without registration.

    “Strong, positive response from customers to ActiveVOS demonstrates that there is a large and growing marketplace for easy-to-use, standards-based and affordable business process management systems,” said Michael J. Skok, general partner, North Bridge Venture Partners. “Active Endpoints is serving this market with three great strengths. First, ActiveVOS itself, a completely integrated BPMS solution. Second, a proven management team that has consistently beaten its measurements quarter after quarter with an innovative go-to-market approach and excellent customer support. And third, an expansive technological vision that the company is rapidly developing into new versions of ActiveVOS to meet evolving customer needs. These three factors led to our decision to continue to invest in Active Endpoints to ensure it will reach its full potential.”

    About Active Endpoints, Inc.

    Active Endpoints (www.activevos.com) is the leading developer of visual orchestration systems. Active Endpoints’ ActiveVOS empowers project teams to create business process management (BPM) applications using services, making their businesses more agile and effective. ActiveVOS promotes mass adoption of SOA-enabled BPM applications by focusing on accelerating project delivery time with a complete, affordable and easy-to-use system. Active Endpoints is headquartered in Waltham, MA with development facilities in Shelton, CT.

    ActiveVOS is a trademark of Active Endpoints, Inc. All other company and product names are the property of their respective owners.

    Source: Active Endpoints, Inc.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 2,306 bad guys.

 

Latest Headlines:

Thursday September 02, 2010
Hub Angels and RRE Ventures Lead $1.9 Million in Series A Funding for Copiun


Tuesday August 31, 2010
VC Firm, Draper Triangle Ventures Invest $5 Million in Series B Funding for ClearCount Medical Solutions


Monday August 30, 2010
PrairieGold Venture Partners Joins Sanderling Venture Partners, vSpring Capital, and Mesa Verde Venture Partners to Add $5 Million to Complete a $10.8 Million Series A Funding Round for Lineagen


Thursday August 26, 2010
Investment Firms, Partech International, El Dorado Ventures, and Sisco Systems Lead $10 Million Investment in Series C Funding for Atlantis Computing


Tuesday August 24, 2010
Mirimar Venture Partners Leads $20 Million in Series C for Brand Affinity Technologies to Promote Celebrity Endorsement and Engagement Business


Monday August 23, 2010
Intersouth Partners Invests $3 Million in 6fusion as Company Relocates to North Carolina


Monday August 16, 2010
ITC Holdings and Kinetic Ventures Lead $18 Million Funding Round In Growth Capital for Cardlytics


Friday August 13, 2010
New Energy Capital Closes $100 Million in First Clean Tech Infrastructure Fund


 

Bad Behavior has blocked 240 access attempts in the last 7 days.