November 5, 2001
Woodside Fund Leads Series B Funding
Developer of the First Standards-Based Business Process Management
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. Intalios 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.
Intalios 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
Funds entrepreneurial culture and experience makes it easier
for us to roll up our shirt -sleeves and work together as a team.
Im 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 its a pleasure to work closely with their talented
team." Mr. Shields and Woodside Fund Partner John Occhipinti
join Intalios 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.