Copenhagen, Denmark and Foster City, California - February 2005 - Venture capital firm Kennet Venture Partners (“Kennet”) has agreed to invest €5.1 million in Denmark-based Kapow Technologies A/S, provider of RoboSuite, a horizontal Web Integration software platform. Web Integration enables business users and non-technical programmers to rapidly integrate or extend applications and content. For corporations embarking on application integration, Intranet or portal projects, this means faster project ROI and considerable time-to-market advantages.
RoboSuite is already highly successful in the international market, with more than 70 customers worldwide. Kapow Technologies will use the capital to expand its international presence, and to further develop its suite of Web Integration solutions. The main focus of expansion will be the continuing build-up of Kapow Technologies’ US operations.
BEA Systems (Nasdaq: BEAS), a world leader in application infrastructure software, is a key technology and distribution partner for Kapow Technologies. RoboSuite WebLogic Edition complements BEA’s portal platform by enabling fast and easy integration of Web applications and content into the enterprise portal.
“We have been impressed with the capability of Kapow’s technology, and the degree of customer traction the company has achieved to date. For Kennet this is an opportunity to participate in a software industry paradigm shift — development of a new breed of integration solutions that can tie together applications and content with minimal IT skills required,” said David Carratt, managing director of Kennet in London. He added: “RoboSuite empowers businesses to integrate functionality from disparate sources for quick response to market demands, and at the same time it offers core IT staff the ability to deliver more services without resorting to heavy back-end application integration projects.”
“Having witnessed the business benefits of Kapow’s software within large US and European enterprises we are convinced that we can assist Kapow in accelerating the delivery of Web Integration solutions into the mainstream market. We look forward to working with the team from Kapow Technologies to build a successful US operation in the coming years,” said Javier Rojas, managing director of Kennet in Silicon Valley.
Stefan Andreasen, the CEO and founder of Kapow Technologies, states: “The investment from Kennet comes at a time when Kapow’s rate of new customer acquisition and revenues are growing rapidly. We are excited by the opportunity to work with Kennet to further accelerate this growth and to maintain our leadership in the area of Web Integration software.”
Kennet Venture Partners is a leading transatlantic venture capital firm, which invests in growth companies providing information technology products and business services that leverage information technology. Kennet offers expansion capital to firms that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor. Kennet Venture Partners acts as an advisor to Kennet I LP, a Jersey limited partnership, and to Kennet II LP, a Guernsey limited partnership. Kennet Venture Partners is authorised and regulated by the Financial Services Authority.
For more information: www.kennet.com
Kapow Technologies is the leading provider of Web Integration solutions. Kapow markets RoboSuite, an integration platform that enables fast and powerful integration of web-based content and applications into portals, content management systems and knowledge management systems. RoboSuite can access web resources and automate web interactions to extract and re-use online content, data or business functionality, regardless of origin or underlying technology. The platform includes an intuitive visual design environment, as well as comprehensive Web Integration lifecycle tools, that simplify integration and speed project delivery so that users can achieve faster and better results than with traditional integration approaches.
Kapow Technologies has more than 70 public and private customers worldwide. With a solid track record of documented savings of several man-years in portal projects and with an ROI in the range of 500 to 1000% in Web Integration projects, RoboSuite is becoming a key infrastructure component when developing, testing and deploying new Web solutions. Kapow partners with BEA, IBM, WRQ, CoreMedia, Inxight Software, Mobile Aware, Autonomy, Fatwire, Unilog, Synkron, Valtech, Softlogic, SoftPro, Domino Systems, Uptime and Avinci. Customers include Intel Corp, USACE, US Government, Deutsche Post, Lycos Europe, Barclays Bank, Total, DZ Bank, Swedish Defense and Danish Broadcasting.
For more information on the company: www.kapowtech.com