SAN MATEO, Calif.–(BUSINESS WIRE)–April 30, 2003–Taviz Technology, a leading provider of intelligent adapters for enterprise application integration and migration, and Insevo, Inc., the leadingprovider of J2EE Connector Architecture application integration solutions, announced today that they have combined the operations of both entities into a single company. The new company will operateunder the name Insevo.
The combined company’s suite of products enable real-time integration and interoperability among heterogeneous systems and technologies. Using Insevo’s standards-based platform-independent solutions, customers can greatly simplify integration and migration projects regardless of the IT infrastructure they have.
Taviz Technology and Insevo, Inc. bring to this merger complementary technologies, strategy and distribution channels that will yield immediate synergies. The combined company’s products offer its customers a simple yet complete solution to solve the last mile of connectivity: the problematic connection to enterprise applications. The Insevo solution easily integrates into an enterprise’s existing infrastructure with off-the-shelf connectivity to leading application servers, integration servers, middleware and databases. In the case were no middleware support is required, Insevo allows for direct connectivity between application systems through the use of its powerful Intelligent Adapter development environment. In short, Insevo provides simple and complete connectivity solutions.
“This merger brings together two best-of-breed integration technologies that allow customers to leverage standards-based, platform-independent technologies to reduce the time and cost of integration projects, while protecting existing infrastructure investments,” said Kevin Scott, partner with 3i in Menlo Park.
Insevo’s industry leading JCA solutions provide real-time, out-of-the-box, bi-directional connectivity between all major J2EE application servers and enterprise information systems such as SAP, PeopleSoft, Oracle, Siebel, JD Edwards and legacy systems. This complements the robust data validation and transformation capabilities provided by Taviz’ innovative Intelligent Adapter technology, its strong Unix and Microsoft-based offerings and its particular expertise in the Oracle, SAP and PeopleSoft arenas. The combined company is also taking advantage of new synergies and economies of scale by adding Insevo, Inc.’s connectors to the Taviz eIntegration Suite significantly expanding the product’s capabilities to make it even easier to integrate to enterprise applications via standard interfaces.
Taviz Technology’s strong alliances with Microsoft, Sybase, Deloitte Consulting, BearingPoint and Computer Sciences Corp. combined with Insevo, Inc.’s partnerships with Sun Microsystems, Borland, IBM and NEC provide a broad distribution channel that will enable deeper and wider market coverage.
“The combined company will address a broader range of enterprise application lifecycle needs, from migration, conversion and consolidation to the real-time integration of enterprise applications. The new Insevo provides integration solutions that work with application servers, integration servers or other middleware technologies. Insevo simplifies integration to any enterprise application within any infrastructure,” said G. Bradford Solso, CEO of Insevo.
Insevo will go forward with a customer base of more than 125 including Bechtel, Best Buy, British Telecom, Canon, Diebold, EMC, Ford, Canton de Geneve, New York Stock Exchange, PG&E, PricewaterhouseCoopers, Schroders, Tokyo Gas, Wacker Chemical and Waste Management.
In connection with this transaction, Insevo has raised additional equity capital from existing shareholders. The financing round was led by 3i US and includes former investors Rocket Ventures and Novus Ventures. The company will leverage these resources for additional product development and market expansion.
About Insevo
Insevo provides market-tested technologies that simplify the application integration and data migration challenge. Insevo’s suite of products is targeted at those enterprises whose integration needs require straightforward solutions across heterogeneous systems, platforms and technologies. Integrating these complex environments enables our customers to derive greater business value from their information.
Through innovative technologies called Intelligent Adapters and Business Process Connectors Insevo’s products can significantly reduce the time and costs of developing and deploying integration and migration solutions. The Insevo solutions can be leveraged across any number and combination of enterprise applications, application server platforms and legacy systems reducing the risk and total cost of ownership associated with integrating these technology infrastructures.
Market leaders such as Microsoft, IBM, BEA, Sybase, Borland, NEC, Sun, Fujitsu, Deloitte Consulting, Computer Sciences Corp. and BearingPoint rely on Insevo products to provide integration solutions to their customers.
Insevo products have been proven in Global 5000 organizations including Best Buy, Canon, First American Real Estate, Waste Management, Ford, Bechtel, Starbucks, New York City School Construction Authority, PG&E, PricewaterhouseCoopers, Wacker Chemical, British Telecom, County of San Diego and the New York Stock Exchange. Headquartered in San Mateo, Calif., with offices in the United States, Europe and Asia, Insevo can be reached at 888/243-8762 and www.insevo.com for more information.
About 3i
3i is a leading international venture capital company with U.S. offices in Menlo Park, Calif., and Waltham, Mass. Operating since 1945, 3i has invested worldwide over $23 billion, including co-investment funds, with a total staff of 800 employees operating out of over 30 offices in 16 countries. 3i leverages this worldwide presence to add value to its portfolio companies and investment partners. In the United States, 3i concentrates on early and late stage technology investments in companies with the potential to be leaders in their markets. Outside the USA, 3i invests broadly in private equity and venture capital. Visit 3i and its portfolio at www.3ius.com.
About Rocket Ventures
Rocket Ventures is a “next-generation” venture capital firm focused on early-stage companies with $80 million under management. Rocket Ventures is a “company builder,” and has proven its ability to build financial value with over 150+ years of high-tech operating experience, 30+ years of venture capital expertise, and 30+ years of IT consulting and sales expertise. Rocket Ventures focuses on the core fundamentals of a business: investing in motivated and proven management, solving significant business problems, creating a valuable product or service offering, creating the right kind of sales force and sales partners, and executing an efficient operating plan. For more information visit www.rocketventures.com.
About Novus Ventures
Founded in 1994, Novus Ventures is a Small Business Investment Company (SBIC) that invests in early stage information technology companies. Working side by side with entrepreneurs, Novus Ventures’ partners, combine active board participation with early stage venture investing. They use their expertise and experience to enhance the capabilities of the management team, clarify the strategy, forge customer alliances, fundraise and add reporting discipline. The partners have extensive backgrounds as technologists, financial executives, operating executives, CEOs, entrepreneurs and venture capital investors. With $148 million under management and offices in Cupertino, Calif., the firm’s portfolio is comprised of investments in enterprise software and infrastructure, information technology and semiconductor technology. For more information visit www.novusventures.com.
