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01/29/2004
DataSynapse Raises $6 Million in Series C Financing
Stonehenge Capital Corporation announced today that it has participated in DataSynapse's $6.0 million Series C financing. This round also includes Bain Capital Ventures, Intel Capital, Wachovia Capital Investments, NeoCarta Ventures and other Series A and B investors.
DataSynapse will use the proceeds of this financing to continue to add clients in the financial services market and also to address the growing demand for grid computing solutions outside financial services, including the key energy, industrial and government sectors.
This financing represents Stonehenge's second investment with DataSynapse. Steve Brotman, Stonehenge's Director stated, "DataSynapse has continued to offer award-winning solutions to the financial services industry. We are excited to be able to support the company as grid computing use expands into other sectors of the economy."
Based on the proven business value repeatedly captured by its customers, DataSynapse won "Business ROI Software Product of the Year" from the Financial Times Business Group. DataSynapse beat out a field of 1,000 competitors for this award and was also the only company to receive a second leadership award, "Risk Management Solution of the Year." In addition, DataSynapse was the only company to repeat winning the NY Software & Information Industry/NY New Media Association's "Top Technologies" award in 2003.
About DataSynapse
DataSynapse, Inc. is the fastest-growing provider of grid computing software for commercial applications today. Its award-winning, production-proven on demand application infrastructure software, GridServer" provides a real-time application operating environment to manage a complex, diverse IT landscape. Using standards-based grid technology, DataSynapse delivers quantifiable, hard-dollar benefits and unparallel levels of application scalability, performance and reliability, while optimizing computing resources and measurably increasing revenues. DataSynapse works with leading organizations in the financial services, energy, industrial and public sectors. The company boasts more than 40 worldwide installations including Wall Street heavyweights, Bank of America, Wachovia Securities, Bank One and UBS. DataSynapse is headquartered in New York, with offices in London, Paris, Houston, Chicago, Washington, D.C., and San Jose, Calif. For more information, please visit www.datasynapse.com.
About Stonehenge
Stonehenge Capital Corporation is a private equity firm providing equity, mezzanine and debt financing for growth-oriented companies. Stonehenge Capital manages approximately $500 million in capital through its offices in New York, Colorado, Florida, Louisiana, Missouri, Ohio and Wisconsin. For additional information about Stonehenge visit our website at www.stonehengecapital.com.
DataSynapse will use the proceeds of this financing to continue to add clients in the financial services market and also to address the growing demand for grid computing solutions outside financial services, including the key energy, industrial and government sectors.
This financing represents Stonehenge's second investment with DataSynapse. Steve Brotman, Stonehenge's Director stated, "DataSynapse has continued to offer award-winning solutions to the financial services industry. We are excited to be able to support the company as grid computing use expands into other sectors of the economy."
Based on the proven business value repeatedly captured by its customers, DataSynapse won "Business ROI Software Product of the Year" from the Financial Times Business Group. DataSynapse beat out a field of 1,000 competitors for this award and was also the only company to receive a second leadership award, "Risk Management Solution of the Year." In addition, DataSynapse was the only company to repeat winning the NY Software & Information Industry/NY New Media Association's "Top Technologies" award in 2003.
About DataSynapse
DataSynapse, Inc. is the fastest-growing provider of grid computing software for commercial applications today. Its award-winning, production-proven on demand application infrastructure software, GridServer" provides a real-time application operating environment to manage a complex, diverse IT landscape. Using standards-based grid technology, DataSynapse delivers quantifiable, hard-dollar benefits and unparallel levels of application scalability, performance and reliability, while optimizing computing resources and measurably increasing revenues. DataSynapse works with leading organizations in the financial services, energy, industrial and public sectors. The company boasts more than 40 worldwide installations including Wall Street heavyweights, Bank of America, Wachovia Securities, Bank One and UBS. DataSynapse is headquartered in New York, with offices in London, Paris, Houston, Chicago, Washington, D.C., and San Jose, Calif. For more information, please visit www.datasynapse.com.
About Stonehenge
Stonehenge Capital Corporation is a private equity firm providing equity, mezzanine and debt financing for growth-oriented companies. Stonehenge Capital manages approximately $500 million in capital through its offices in New York, Colorado, Florida, Louisiana, Missouri, Ohio and Wisconsin. For additional information about Stonehenge visit our website at www.stonehengecapital.com.
| Associated Company |
| DataSynapse, Inc. |
| Associated Office |
| New York |
