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Business Briefs: April 1, 2009

By SD Times News Team

April 1, 2009 — Complex event processing software companies Aleri and Coral8 merged, combining their product lines to offer what executives called a comprehensive software suite for developing real-time analytics and intelligence. The combined product line also brings analytics of live data sets delivered with online analytical processing software, Coral8 executives said.

Web-based engineering company dezineforce secured a second round of Series A funding for £1.8 million. Investors included IQ Capital Partners, DN Capital and dezineforce board members. dezineforce offers an “engineering design optimization” service over the Internet and on a subscription basis, company executives said. The funding will be used to grow the company and address vertical markets, including in civil engineering and automotive.

Data integration software provider Informatica signed a definitive agreement to acquire Applimation, a provider of application data management software. Informatica executives said the acquisition will expand its market and advance the company’s leadership in data integration.

Application infrastructure software provider Progress Software named Robert Stowsky as director of its financial services sector. Stowsky has 20 years of experience in the financial services industry and is a member of the Securities Industry and Financial Markets Association Asset Managers Forum Derivatives Operations Committee. Prior to Progress, he co-founded Brook Path Partners, a consulting firm focused on process automation. With Progress, Stowsky will try to help the company grow its product lines in the financial services industry.

Seattle-based cloud computing firm Skytap has closed a US$7 million Series B funding round from Ignition Partners, Madrona Venture Group and WRF Capital. Company executives said that the funds will be used to improve the development of Skytap’s cloud-based virtualization software.

EARNINGS
Mobile device software provider Intrinsyc Software reported revenues of US$24.7 million for the full year 2008, as compared to $17.6 million for 2007. Fourth-quarter 2008 revenue was $5.7 million, in comparison to $5.3 million for the same period in 2007. Revenue from the company’s software solutions increased to 43% of all revenues in the quarter compared to 10% in the same quarter a year before.

Wind River Systems reported revenues for its fourth quarter ending Jan. 31 of US$88.4 million, up from $84.3 million over the previous year. The company’s net loss widened to $4.4 million from a net loss of $2 million in the same period a year before. Company executives said they expect yearly revenue of US$374 million in 2009.

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