Thursday July 15, 2:29 pm Eastern
Time
Company Press Release
SOURCE: XMLSolutions Corporation
XMLSolutions Receives $3.6 Million in Venture Capital
Financing; Accelerates Solutions for End-to-End Commercial E-Commerce
Integration
VIENNA, Va., July 15 /PRNewswire/ -- XMLSolutions Corporation,
the leading provider of end-to-end commercial e-commerce
integration solutions, today announced the completion of a $3.6
million round in venture capital financing with Verticality
Investment Group, LLC, a Jersey City, N.J.-based venture capital
firm that invests in private technology companies.
The investment, which marks the company's first round of
funding, will be used to continue the rapid expansion of
XMLSolutions' superior professional services group and accelerate
deployment of the Exeter family of e-commerce software products.
``We are extremely excited about the Verticality partnership
and look forward to continuing their past success as one of the
industry's leading venture capitalist firms,'' said Kevin Kail,
CEO.
``The current crop of XML vendors add to the burden of IT
managers,'' said Hadar Pedhazur, a principal at Verticality
Investment Group. ``XMLSolutions has put together an
extraordinary team that will unveil products and services that
will enable the Global 2000 to leverage their existing systems
and investments, while utilizing XML-based technologies to forge
ahead and capture their share of the new economy.''
The Exeter family of products will be released on August 1,
1999. XMLSolutions backs its XML e-commerce software with a
superior professional services team, staffed with top experts in
XML, EDI, enterprise metadata and legacy system integration.
About Verticality
Verticality Investment Group, LLC, is a venture capital
management company that focuses on investments in private
technology companies, generally those involved in software
development concentrating on finance, the Internet, programming
tools, development environments, distributed object systems and
programming languages. Verticality's partners have achieved
notable successes in both large corporate and entrepreneurial
venues. For more information, call Hadar Pedhazur at 201.656.9311
or visit the web site at http://www.verticality.com.
About XMLSolutions
XMLSolutions Corporation is the leading solutions provider for
end-to-end commercial e-commerce integration. Pioneer in XML-EDI,
XMLSolutions Exeter family of products enables large corporations
to leverage their investment in EDI and extend their reach to
small and midsize trading partners through XML.
XMLSolutions is headquartered in Northern Virginia, with
offices in Chicago, Illinois. For more information, contact
XMLSolutions Corp., 8401 Old Courthouse Rd, Suite 130, Vienna, VA
22182. Phone: 703.980.7326; email: info@xmls.com;
web: http://www.xmls.com
SOURCE: XMLSolutions Corporation
