Idiom Technologies Secures An Additional $6M In Venture Funding
Major Customer Wins And New Funding Accelerate Idiom's Growth
Waltham, Massachusetts - September 22, 2003 - Globalization Management Systems (GMS) leader, Idiom Technologies, Inc. announced today the successful completion of a $6 million Series D round of financing. The latest round brings the total investment in the company to more than $40 million. Sigma Partners, North Bridge Venture Partners, Globespan Capital Partners, and Greylock - all previous investors in the company - participated in the latest round. The company plans to use the funds to accelerate sales and marketing efforts.
Idiom also announced today that former Rational Software (acquired by IBM) marketing executive, Dave Rosenlund, has joined the Idiom management team. Mr. Rosenlund brings more than 20-years of experience in the enterprise software industry to Idiom, and he will now lead the company's marketing and business development efforts.
"Idiom continues to land major deals with world-class, global companies," said Bob Davoli, managing director at Sigma Partners. "The fact that they are adding the likes of Motorola, eBay, Oracle and Network Associates to their customer portfolio further validates Idiom's strategy. They are well positioned to capture significant market share."
"We've made significant progress in the last 12 months, both in terms of product enhancements and customer traction. The market is responding well to our global content management systems approach to automating the complete lifecycle of content; from creation to globalization," said Joe Fiorentino, company President and CEO. "Our latest round of funding, and the addition of a marketing and business development veteran like Dave to our team will help us accelerate our growth and maintain our leadership position."
About IdiomFounded in 1998, Idiom Technologies, Inc. is the leading provider of globalization management systems. Idiom's flagship product, WorldServer™ 6.0, enables global companies to become simultaneous enterprises - able to release content in multiple forms and many languages simultaneously. As a result Idiom's customers are able to achieve significant growth in international revenues while dramatically reducing operating costs. The company is backed by leading venture capital firms Globespan Capital Partners, Greylock, North Bridge Venture Partners and Sigma Partners, and the company counts global enterprises like Adobe, eBay, General Electric, Motorola, Oracle, Staples, and Travelocity among its customers.
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EDITORIAL CONTACTS:Public Relations
Idiom Technologies, Inc.
+1 (781) 464-6000
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