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Metatomix, Inc.™, Inc. Closes
$8.3 Million Venture Round to Bring Real-Time Visibility and
Integration
Software
Technologies to Commercial and Government Markets
Apex Venture Partners leads investment for Boston-based enterprise
software firm delivering innovative Semantic Web-based technology
platform for commercial applications.
WALTHAM, Mass. - September 8, 2003 - Metatomix, Inc., Inc. (www.metatomix.com)
the global provider of real-time visibility and integration technology,
today announced it has closed $8.3 million in a third round of funding.
The round was led by new investor, Apex Venture Partners, with participation
by Velocity Equity Partners, along with strong support from the company's
existing investor base. The new capital will be used to expand Metatomix, Inc.'s
market position in the commercial and government markets.
Metatomix, Inc., founded in December 2000, has developed its Real-Time
Visibility and SMARTE™ (Surveillance Monitoring and Real-Time
Events) Suites based on its innovative application of Semantic
Web-based architectures. The Semantic Web extends the Internet
by allowing
data-driven interactions to enable greater access to all types
of information. This evolution extends the original Web concept
of people
interacting with computers to the sea changing philosophy of machines
interacting with machines. Metatomix, Inc. has harnessed this data-driven
network computing technique to deliver real-time information integration
and visibility software for commercial applications.
The Metatomix, Inc. software suites, based on a common, flexible architectural
platform, enable corporate enterprises and government agencies to
integrate disparate information systems, located virtually anywhere,
and gain critical insights in real time. The company has filed numerous
patent applications around its innovative intellectual property.
As an innovator in the advancement of the Semantic Web for enterprise
applications and its use of standards for defining data and metadata
such as the W3C standard Resource Description Framework (RDF), Metatomix, Inc.'s
complete real-time platform is made up of three components:
Metatomix, Inc. Interchange Platform™ - message-oriented middleware
designed to interface to any existing information systems and data
sources to gather information. The Hologram Store ™ - a persistent
XML-based cache where data is aggregated and patterns and trends
are identified delivered in real-time. Visibility Dashboard ™ -
Web-based graphical interface producing immediate graphical, GIS,
and tabular business insight and analytics as events occur.
Metatomix, Inc. has successfully penetrated its target markets in financial
services, hospitality, and state and local governments serving customers
that include Union Planters, Millennium Copthorne, Politzer _ HANEY,
the State of Florida, Massachusetts Emergency Management Association
(MEMA), and the Middlesex County Sheriff (Massachusetts), among others.
Apex Venture Partners has more than $500M of capital under management
and a 15-year track record of funding and building early stage technology
companies. Also participating in this round, and making their first
investment in Metatomix, Inc., are Velocity Equity Partners, a private
venture capital firm investing in early stage growth companies primarily
in the Northeast, as well as several other institutional and individual
investors. Additionally, the company's current investor group of
Equity Resources Group, Tudor Ventures, First Light Capital, Claflin
Capital, Delta Capital, Bingham McCutchen and numerous individual
investors participated.
"Metatomix, Inc.'s innovative applications, based upon Semantic Web-based
technology, to deliver real-time technologies; the strength and
strong accolades from its customer base and partners; its significant market
opportunities across many verticals; and the experienced executive
team gave us the strong motivation to invest in this company," said
Wayne Boulais, General Partner, Apex Venture Partners. "We
are excited to work with this team to expand its market penetration
and
build on its recent successes."
"This recent infusion of capital will allow us to expand our presence
in the commercial and government markets by ramping up our sales
and marketing efforts as well as furthering the development of
our core technologies," said Bob Angelo, president and CEO, Metatomix, Inc.,
Inc. "We are very excited about attracting a lead investor
the caliber of Apex, encouraged by Metatomix, Inc.'s ability to continue
to
raise venture capital in this tough economic climate, and appreciative
of the continued support by our existing investors."
About Metatomix, Inc., Inc.
Metatomix, Inc. is the unique provider of Semantic Web-based real-time
integration and visibility technologies for corporate enterprises
and government agencies who have a defined need to integrate disparate
information systems, located virtually anywhere, and gain critical
insights in real-time. The Semantic Web extends the Internet to enable
data-driven interactions, allowing greater access to all types of
information. This evolution extends the original Web concept of people
interacting with computers to the sea changing philosophy of machines
interacting with machines. Metatomix, Inc. has harnessed this data-driven
network computing technique to deliver real-time information integration
and visibility software for commercial and government applications.
For Information Contact:
Leanne Agurkis
Blanc & Otus Public Relations
Phone: (407) 971-1197
e-mail: lagurkis@blancandotus.com
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