|Kintana Secures Second Round Financing Led By Camelot Ventures
SUNNYVALE, CA, January 22, 2001 — Kintana Inc., the leading creator of software providing technology chain automation to power business transformation, today announced that it has secured second round financing led by Camelot Ventures, a Michigan-based private investment group, with existing investor TA Associates participating in the round.
"Kintana is clearly the leader in defining the emerging technology chain automation space," said David Katzman, Managing Partner of Camelot Ventures. "Their 200-plus customers, which include Cisco, GE, Commerce One, and Dell, are some of the most respected companies in the world, providing a true testament to Kintana's value proposition and the quality of its products and services."
"From our beginnings five years ago, we’ve been building our company to last by focusing on great products, high customer satisfaction, and a healthy growth level consistent with a responsible pace of expenditures," said Bryan Plug, Chief Executive Officer of Kintana. "Now, with Camelot’s help, we’re ready to move forward faster at a time when companies increasingly recognize how important our value proposition is to their business."
Founded in 1995 as Chain Link Technologies, Kintana has grown steadily through sales of a growing suite of technology chain automation products. Kintana products comprise an enterprise application that brings companies real-time visibility and control over their e-business initiatives and operations. As e-business becomes a core competency for more and more companies, the need to automate the technology chain behind e-business systems becomes a critical new requirement for those companies.
"We have been very disciplined in our use of venture capital. Since we fund most of our growth through our own sales revenues, this is only our second round of venture funding in five years," said Paul McFeeters, Chief Financial Officer of Kintana. "We’re pleased to team with Camelot because they appreciate our disciplined approach to building our business."
Kintana plans to leverage the Camelot investment to further broaden its product line and to scale its operations, both by strengthening its sales team and by expanding internationally.
About Camelot Ventures
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