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      Press  >  In The News  >  Woodside Fund Leads Series B Funding for Intalio
 
 

Woodside Fund Leads Series B Funding for Intalio

Developer of the First Standards-Based Business Process Management System (BPMS)
November 5, 2001

Redwood Shores, CA -- November 5, 2001
Woodside Fund has led a $9 million investment round in Intalio, a trailblazing enterprise software vendor developing the first standards-based Business Process Management System. Other investors, including 3i, join Woodside Fund in this investment.

All companies are under pressure to quickly adapt and optimize business processes to meet ever-changing business needs, and better manage resources. Intalio’s Business Process Management System provides a solution to the unprecedented complexity of developing and operating value-added processes that span multiple applications behind a firewall and extend to business partners over the internet. Intalio’s tools enable companies to capture, automate, measure and manage these processes quickly and effectively to gain competitive advantage through greater business agility and reduced costs.

Ismael Ghalimi, co-founder and CEO of Intalio stated, "Raising a new round of funding in this market environment, I had the opportunity to meet with a broad range of VC firms. Woodside Fund ‘got it’ immediately because of their excellent combination of technical and market expertise. We quickly engaged in one of the most thorough due diligence processes we have ever experienced. This process gave us better insight into the opportunities and challenges ahead. Woodside Fund’s entrepreneurial culture and experience makes it easier for us to roll up our shirt -sleeves and work together as a team. I’m delighted to be working with Woodside Fund in making Intalio the premier supplier of Business Process Management solutions."

"We see Intalio as the driving force behind the future of Business Process Management," remarked Thomas Shields, Woodside Fund Venture Partner. "We believe that the Business Process Management space will provide a great deal of value to enterprises over the next few years. Intalio is well positioned to capture this market, and it’s a pleasure to work closely with their talented team." Mr. Shields and Woodside Fund Partner John Occhipinti join Intalio’s Board of Directors.

About Woodside Fund
Woodside Fund is a leading venture capital firm that excels in developing seed and early stage technology companies. Founded in 1983, the Fund attributes its long track record of success to the high value it places on building productive partnerships with entrepreneurs, investors and other resource providers. Typically serving as a lead investor, Woodside Fund invests from $6 to $14 million in early stage companies focused in the areas of Internet Protocol infrastructure and enterprise software, that are located in Northern California and the West Coast. The firm has over $225 million under management.

For all press related questions or comments please contact Denise Ryan at dryan@blumarble.com or call 831-476-6804.

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