XAware Receives $2.1 Million in Series-A Funding

Oct 08, 2002


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XAware, Inc., a developer of data integration software components designed to simplify the accessing, transforming, and integrating of disparate data and application resources has secured a funding package of $2.1 million. The capital infusion is a Series-A round of funding led by ITU Ventures and including Gefinor Ventures, new XAware CEO Bill Miller and former Sun Microsystems executive Janpieter Scheerder. The funding package is intended to enable XAware to expand sales and marketing efforts, while continuing to develop XML-based integration products. In conjunction with this expansion, XAware will concentrate on the needs of systems integrators and software vendors with its XML-based integration components. XAware is focusing its marketing, sales and development strategy to serve the needs of systems integrators and independent software vendors within the government and financial services sectors. Software tools and components from XAware enable companies to update existing applications or write new ones that are XML, Web Services and integration ready.

(http://www.gefinorventures.com), (http://www.itu.com), (http://www.xaware.com)