Tuesday, March 18, 2008

Vivisimo, a leading provider of enterprise search software and expertise got $4 million USD funded by Portland

What Company Is Offering:
The Vivisimo Velocity platform provides enterprises with innovative search solutions that allow users to access, extract and manipulate all available content, regardless of location. The latest version of Velocity is the first major enterprise search platform to bring business-ready Web 2.0 functionalities, such as social tagging, social bookmarking, social networking and mash-ups to the market.
Vivisimo does search right by combining the simplicity and innovation of consumer search with the flexibility and control of enterprise software. The company works with customers to understand their goals and quickly deploy solutions that maximize the business value of information??with an interface user's love. Vivisimo serves its global client base through headquarters in Pittsburgh, PA, and Paris, France, and partners throughout the world.

How Much They Got From VCs:
Vivisimo, a leading provider of enterprise search software and expertise, today announced the completion of its first institutional investment round of , ME based North Atlantic Capital (northatlanticcapital.com). The financing will support Vivisimo's continued global expansion and strengthen the company's sales and marketing efforts.

About VCs:

Portland, Maine based North Atlantic Capital is an expansion stage venture capital firm investing primarily in tech-enabled business service, information technology and communications companies. Established in 1986, North Atlantic manages a pool of capital in excess of $200 million, and is currently investing its fourth fund, closed in 2007. In addition to growth capital and board level guidance, North Atlantic offers its portfolio companies free research and M&A services along with executive education programs at leading business schools. Other investments in the current fund include Tangoe, Inc., Servigistics, Inc., Invoke Solutions, Inc. and Synacor, Inc. To learn more about North Atlantic's investment criteria and approach to value creation, please visit www.northatlanticcapital.com

More at:www.vivisimo.com

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