Kabira Closes Funding Round with Blue-Chip Investors
Company to Use Funds to Build out Product Portfolio to Serve Telecom and Financial Services Markets
San Rafael, CA — 26th September 2005 - Kabira Technologies Inc., a leader in high performance transaction processing software for global enterprises, announced today that it has successfully secured financing from a group of new and existing investors led by 3i, Sevin Rosen Funds, SVM STAR Ventures Management, and Crosspoint Venture Partners. The financing will be used to help accelerate development of a new set of software products designed for telecommunications and financial services companies. The funding and caliber of investors demonstrate confidence in the growing market opportunity for Kabira’s solution, which meets the needs of real-time, always-on business models that demand the highest performance, the lowest cost per transaction and unlimited scalability.
“With the upsurge in telecommunications and financial services networks, our target customers are looking to process enormous volumes of transactions at faster speeds and at lower cost than ever before,” said Paul Sutton, President and Chief Executive Officer of Kabira. “Our reputation, earned from successful customer deployments, combined with increasing interest in high performance transaction processing solutions is why we have attracted top-tier investors such as 3i, Sevin Rosen, and Crosspoint.”
Kabira’s Transaction Platform™ and Accelerator™ products provide highly effective solutions for organizations confronting today’s market demand for real-time transaction processing. Its unique Transaction Optimized Services ™ technology is the “secret sauce” that enables Kabira to do so much more for less. A 64-bit memory-resident platform, Kabira can execute more than 50,000 transactions per second running on standard open systems hardware. Since Kabira supports real-time data, transactions, applications, and connectivity in high-speed memory, transactions execute up to 100 times faster than with systems relying on disks. This inherent service-oriented approach to transaction processing is ideal for today’s SOA-based business applications and services that require flexibility, scalability, reliability and maximum performance.
