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Waltham: Active Endpoints, the inventor of visual orchestration systems, has announced that it has raised $5 million in an extension of its series B funding. Participating in the investment round was North Bridge Venture Partners, one of the company's original investors. Active Endpoints will use the new funding to expand R&D, marketing and sales to capitalize on the success of ActiveVOS in the Business Process Management (BPM) marketplace.
Enterprises today increasingly look to BPM technology to automate core, long-running business activities that use a combination of computing resources and human tasks. ActiveVOS has established leadership in automating business process management applications with an easy-to-use, affordable, standards-based product which has grown rapidly in both customer acquisition and revenue since the announcement of ActiveVOS 6.0 in September, 2008.
"In the tight economic times we are in today, before a company will acquire a BPMS, vendors have to meet a much higher standard of proof that a BPMS will deliver productivity quickly," said Mark Taber, CEO, Active Endpoints. "ActiveVOS delivers the real return on investment BPMS buyers want. As a result, more and more customers are discovering ActiveVOS and using it to revolutionize their business process management applications. Now, with the continued support of our investors at North Bridge Venture Partners, we will be able to expand our reach to more customers who can succeed with ActiveVOS," Taber added.
ActiveVOS allows developers, business analysts, operations staff and managers to model, develop, test, deploy and manage a new generation of 100 percent standards-based BPM applications affordably and quickly. In contrast to the costly, stitched-together-through-acquisition approaches of other vendors, ActiveVOS is complete. ActiveVOS is easy to learn and can be rapidly deployed. The company offers a free, supported 30-day trial and a website with dozens of samples, learning materials, complete class curriculums, demos, podcasts, webinars and more - all available for download without registration.
"Strong, positive response from customers to ActiveVOS demonstrates that there is a large and growing marketplace for easy-to-use, standards-based and affordable business process management systems," said Michael J. Skok, general partner, North Bridge Venture Partners.
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