Sarvega Secures $10M Funding

Sarvega attracts $10M in Series B funding, bringing the total raised to date to over $20M; touts XPE appliance performance at CommWorks

June 11, 2003

4 Min Read

CHICAGO -- SarvegaTM, Inc., the leading provider of intelligent XML appliances, today announced that it has attracted $10 million of Series B funding to help the company expand its sales and marketing activities and further its market leadership. The Series B financing brings the total capital raised to date to over $20 million and introduces new investor InterWest Partners to existing investors Bessemer Venture Partners, ComVentures, and KB Partners, who also participated in this round.

The company also announced the appointment of Steve Bowsher, general partner with InterWest Partners, and David Cowan, general partner with Bessemer Venture Partners, to the Sarvega board of directors.

Sarvega will use the additional funds to continue its sales and marketing thrust to strengthen the market leadership position of its intelligent XML appliances. Sarvega’s XPE™ appliances have saved millions of dollars while delivering order-of-magnitude performance improvements at such Global 1000 organizations as 3Com and Fujitsu as well as healthcare organizations such as Chicago’s Mt. Sinai Hospital Systems.

XPE appliances deliver these impressive financial and architectural benefits due to the industry-first approach of transparently decoupling complex XML processing tasks from the application infrastructure and offloading them to the network infrastructure. The XPE family of XML processing appliances is built on Sarvega’s patent-pending core technology, XML EventStream™ Operating System (XESOS™). XESOS, which addresses all facets of XML processing from XSL transformation to XML/Web services security, is the most flexible and comprehensive core technology platform in the market.

"Since pioneering this market, Sarvega has maintained a leadership position through continuous technology developments as well as securing an impressive list of Global 1000 customers. InterWest’s investment conveys our strong belief that Sarvega’s products solve problems that deliver an immediate return on investment for customers,” said Steve Bowsher, general partner at InterWest Partners.

"XML enables web services and application integration – and Sarvega enables XML," said David Cowan, general partner of Bessemer Venture Partners. "Sarvega has the team and technology to lead the market for XML network infrastructure."

"We are very pleased that Sarvega’s strong market growth and customer traction are being validated by prestigious venture firms with histories of investing in highly successful companies,” said Sunil Gaitonde, co-founder, president and CEO of Sarvega. “We will use this funding to strengthen our momentum in the marketplace, expanding our sales and marketing activities as well as research and development.”

In a separate release:

SarvegaTM, Inc., the leading provider of intelligent XML appliances, today announced that CommWorks Corporation, a 3Com Company (NASDAQ: COMS), has enjoyed reliable, non-stop operation from its Sarvega XPETM appliance-based XML infrastructure since the solution went into production in 2001. CommWorks is using Sarvega’s XPE appliances to accelerate XML processing in its global customer support applications infrastructure, enabling a high level of customer responsiveness at a much lower total cost of ownership. CommWorks was the first Global 1000 organization to deploy an XML appliance for a mission-critical, global application and is the longest deployment in the industry.

CommWorks provides high-end, Internet Protocol (IP)-based multi-service networks to the world’s largest service providers.

Sarvega’s XPE suite of intelligent XML appliances help enterprises maximize their IT investment by transparently decoupling complex XML processing tasks, such as XSL transformation and XML/Web Services Security, from the application infrastructure and offloading them to the network infrastructure. The decoupling of XML processing as provided by Sarvega XPE appliances delivers significant financial and architectural benefits, including lower operational and capital costs. The XPE product family is built on Sarvega’s patent pending XML EventStream™ Operating System (XESOS™) technology. XESOS, which addresses all facets of XML processing from XSL transformation to XML/web services security, is the most flexible and comprehensive core technology platform in the market.

“Customer service is a corporate priority for us. Since we initially deployed the Sarvega XPE infrastructure in 2001, we have significantly improved response times while reducing costs. The XPE appliances are very reliable, having delivered non-stop performance since their deployment in our production infrastructure,” said Chandru Bolaki, Director, CommWorks.

“The non-stop operation of CommWorks’ XPE infrastructure strongly validates the value proposition of decoupling XML processing from the application infrastructure in general and, more specifically, the reliability of the XPE appliances and the XESOS platform for global corporations’ mission-critical applications,” said Sunil Gaitonde, Sarvega co-founder, president, and CEO. “We are very proud of this track record as well as the excellent ROI that CommWorks has realized from the XPE deployment.”

In addition to the XPE appliances, Sarvega also provides enterprises XESOS StudioTM, the first stand-alone platform that centralizes configuration, deployment, and management of large-scale, distributed deployments of Sarvega XPE appliances. XESOS Studio was designed to support distributed XPE deployments such as that of CommWorks. The XPE appliances can also be managed by Command Line Interface (CLI), Web Interface, and Simple Network Management Protocol (SNMP).

Sarvega Inc.

CommWorks

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