Jul. 30–A Colorado Springs-based software developer said Tuesday that it received $12.5 million in venture capital funding in June.<\/p>\n
Intelliden Corp., founded in 2000, secured its third round of financing from four firms: Westbury Partners of Westbury, N.Y.; 3i US of Menlo Park, Calif.; Matrix Partners of Boston; and mortonsgroup LLC of Washington, D.C.<\/p>\n
“We are excited to get the kind of respect Colorado companies may not always get when approaching first-tier venture capital firms on either coast,” said Dale Hecht, Intelliden president, chief executive and co-founder.<\/p>\n
Hecht attributes the success to a focused-approach in attracting venture capital firms and the company’s technology.<\/p>\n
“When we looked for venture capitalists, we didn’t knock on everyone’s door,” he said. “We looked for a combination of specific qualities, including an investing record — and an understanding of the technology and industry.” 3i, an international venture capital firm, said it invested because of Intelliden’s technology and management team.<\/p>\n
“They are able to identify a problem, find a solution, and are driven to reach their milestones,” said Allan Ferguson, managing director.<\/p>\n
Intelliden’s software manages network configurations.<\/p>\n
“The configuration-management field, as a discipline at this level, has only been around for 1 1\/2 or two years,” said Mike Jude of Boulder-based Enterprise Management Associates, which analyzes management software and services. He said Intelliden’s financing is notable because other companies in the field are having problems getting funding.<\/p>\n
“Intelliden’s challenge now is the execution and sales of their product,” said Zeus Kerravala of the research-and-consulting firm Yankee Group.<\/p>\n
—–<\/p>\n
To see more of The Denver Post, or to subscribe to the newspaper, go to http:\/\/www.denverpost.com<\/p>\n
(c) 2003, The Denver Post. Distributed by Knight Ridder\/Tribune Business News.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jul. 30–A Colorado Springs-based software developer said Tuesday that it received $12.5 million in venture capital funding in June. Intelliden Corp., founded in 2000, secured its third round of financing from four firms: Westbury Partners of Westbury, N.Y.; 3i US […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-627","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=627"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/627\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}