Investor Information

Covast secured $6 million (7 million euro) in funding to launch US operation. The effort was led by the Netherlands-based Gilde IT Fund together with German-based VC Wellington Partners.

Gilde

"Allowing organizations to integrate their software system to any other software system without programming is the strongest message you can think of," said Bob Visser, Investment Manager, Gilde IT Fund. "Fast, flexible and cost effective integration is exactly what companies need in order to leverage their large investments in B2B e-commerce and Internet technologies. We expect Esperanto [Covast] to take significant market share in this fast growing and attractive market."

Gilde IT Fund is an international venture capital fund, focused on providing worldwide funding and support to software, communications and Internet companies in various stages of development. With more than 100 investments since 1982 in Europe, the U.S. and Israel, Gilde IT Fund has a long-standing track-record in building leading international IT companies. Gilde IT Fund investments include No Wires Needed, Cambridge Silicon Radio, MatrixOne, Seagull, Data Distilleries, Augeo and Tridion.

For more information contact:

Ferry de Vries
Investment Director, Gilde IT
+31 30.219.25.45
http://www.gilde-it.nl

Logispring

Logispring is a venture capital firm with a “balanced portfolio” strategy focused on building businesses for global supply networks (industrial processes, logistics, manufacturing). The firm has a transatlantic portfolio, and is gradually expanding into other parts of the world.

The key ingredients of Logispring’s strategy, and the drivers of the firm’s success, are its focus on supply networks, its international scope, and the quality and passion of its team.

For more information contact:

Frans van Schaik
Managing Partner, Logispring Management Company S.a.r.l.
+41 22.716.4320
www.logispring.com

Wellington

"It is impressive to see that the specifications of this product were laid out in the early days of the Internet. We believe that this early vision has materialized in a product offering that has a sustainable differentiating advantage over other companies in the same space such as Webmethods, Tibco and Netfish, and feel that the team will be able to further expand that competitive edge," said Bart Markus, Partner, Wellington Partners.

Wellington Partners is a Munich-based early-stage venture capital fund, focusing on investments in technology companies. Wellington does about half of its investments in Germany, and helps its international portfolio companies to unlock the German market potential. The focus on early-stage technology companies with some 50 investments to date gives Wellington a unique edge in the German VC market. Past investments include many technology leaders such as Alando/eBay, Webmiles, ACG, Kidata and Belenus.

For more information contact:

Bart Markus
Partner, Wellington Partners
+49 89.219941.33
www.wellington.de

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