Thursday, April 17, 2008

WaveMaker, a provider of open source visual tools for Web application development got funding

What Company Is Offering:
WaveMaker Software, Inc. provides an easy-to-use, open source Web application development platform for aspiring Web developers. WaveMaker's Visual Ajax Studio and Rapid Deployment Framework are Web Fast and CIO SafeTM, enabling developers to quickly create and deploy Web applications that adhere to the CIO's architecture, security and data policies. WaveMaker Software is privately held and headquartered in San Francisco, California, and is funded by Allegis Capital, Hummer-Winblad and Worldview Technology Partners.

How Much They Got From VCs:

WaveMaker, a provider of open source visual tools for Web application development, today announced the appointment of Roger Sippl to the Board of Directors. With over 30 years of experience in building and managing enterprise software companies, Sippl will help guide WaveMaker as it continues to expand its Ajax open source Web application development platform. The company also closed $4.5 million in funding this month which will help fuel the continued growth of the company's developer community.

"WaveMaker makes it easy to assemble rich Internet applications from databases and Web services," said Chris Keene, CEO of WaveMaker. "With Roger Sippl, we get a world class entrepreneur with expertise on 4GLs, databases and Web services. Roger's business counsel and financial backing will be invaluable to WaveMaker as we move forward in our vision to be the PowerBuilder for Web 2.0 development."

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