Venetica, a 10-year-old integration software firm which says it is already profitable, has secured $7 million in venture capital and plans to use that money to expand its operations.
The A round was led by Charles River Ventures and General Catalyst Partners. The deal was disclosed Tuesday morning.
“This infusion of resources will allow us to be more aggressive in responding to market demands for our content integration solutions and services,” said Stuart Levinson, president and chief executive officer of Venetica.
Levinson said the money would be used for sales, marketing and engineering.
“The company has demonstrated over a period of years its ability to develop high-potential products and meet customer needs,” said Ted Dintersmith, general partner of Charles River Ventures. “The operating discipline ingrained in the company prior to this investment will serve it well in today’s business climate.”
On Monday, Venetica introduced a prototype software solution at BEA eWorld in Florida. Its lead product is known as VencieBridge, and its new “liquid content” solution compliments BEA Liquid Data, according to Venetica.
Liquid data permits BEA customers to get access to unstructured information in various formats across an enterprise network. “Liquid Content” further refines the process so documents about a particular customer, order or account can be pulled together for what the company calls a “360 degree view of the customer.”
Levinson earned his undergraduate business degree at the University of North Carolina at Chapel Hill and a Master of Business Administration from The McColl School of Business at Queen’s University.
The company’s name comes from Venetic, the ancient language of Venice that dates to the 5th century BC. Venetic as a language helped unite 120 islands connected by more than 400 bridges into one community. The company Venetica “speaks the language of universal content access and exchange by bridging the many different islands of content across the extended enterprise,” according to its web site.
Venetica: www.venetica.com
