Visible Path Releases Enterprise Relationship Capital Management Solution
Announces Additional $2 Million in Venture Funding
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(i) database software (such as Microsoft SQL Server), and (ii) business application software (for example, enterprise email, enterprise resource planning, and customer relationship management). Any other usage of the Server Software is not permitted. The rights and limitations described in the “Other Rights and Limitations Regarding Windows Server 2003, all editions” section of the Additional Terms for Windows Server 2003, Standard Edition above are also applicable to this Server Software ( bit version), with the exception of sections (b) and (c)(iv).
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NEW YORK--(BUSINESS WIRE)--July 20, 2004--Visible Path Corporation, a leading developer of relationship capital management (RCM) software and services, announced the general availability of Visible Path v1.0 today. The company also announced today an additional $2 million in financing from Kleiner Perkins Caufield and Byers.
New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work, and play. Practicing classic venture capital for over 25 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value. With $6 billion under management, NEA's experienced management team has invested in over 500 companies, of which more than 145 have gone public and more than 185 have been acquired. www.nea.com
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The Visible Path platform provides the foundation for enabling enterprise applications such as sales force automation and customer relationship management with RCM functionality. It includes technology and processes to help businesses leverage the mass of undiscovered relationships of employees and partners to solve critical business problems. For example, if a salesperson wants to reach a new prospect using existing sales software, a single click on a person or company name will map the strongest path to the prospect through relationships in common.
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Acronis True Image comes in a desktop version which customers can download directly, as well as enterprise versions available through solution providers. The Enterprise Server and Server for Windows versions allow customers to create an exact server disk image over a network and backup and restore individual files and databases. They also allow the recovery of crashed servers, as well as instant bare metal restores. Bare metal restore applications provide fast, based recovery for enterprise servers, workstations, or desktops by restoring the operating system and data in case of a complete system failure.
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Unlike public social networks and websites, Visible Path helps large companies develop their own, private relationship networks of employees and trusted partners. It eliminates the risk employees face when passing information to entities outside the corporations' control, and it is the only RCM platform that allows professionals to access the entire enterprise's trusted relationship network without invading privacy or compromising relationships.
"Computer industry analysts estimate that some 60 percent of all corporate data exists only on desktop and laptop computers, " said Walter Scott, CEO of Acronis. "Incorporating Acronis True Image with New Mexico Software backup server is the ideal solution to capture that corporate data and ensure that it is not lost. While traditional server backups are effective for protecting server data, every company should have a combination of server and workstation backup plans."
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"While small companies often share relationships, larger enterprises find it impossible to encourage employees to contribute private relationships to company-controlled systems," said Antony Brydon, CEO, Visible Path. "This new service offers customers broad visibility across the corporate relationship network while offering every user the privacy and control over relationship information that they demand."
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Additional features of the new release include:
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-- Scalability to support terabytes of relationship data
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-- Performance and reliability for large enterprise deployments
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-- Advanced security and session management
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The $2 million financing brings Visible Path's funding to $5.7 million. The company will focus the additional funds on product development and integration with a broader set of enterprise services.
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Contacts
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Visible Path Corporation
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Lynda Radosevich, 877-VIS-PATH x1954
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lradosevich@visiblepath.com
www.visiblepath.com
