SAN FRANCISCO, Calif., August 24, 2001 - Collabridge Technologies, Inc., a leader in optimizing E-Business system performance to improve ROI for global vendors, announced its $3 million second-round financing, led by Draper Fisher Jurvetson. This round brings total funding for Collabridge Technologies to $8 million.
Collabridge Technologies optimizes E-Business system performance by extending a vendor`s existing E-commerce, eCRM, Business Analytics and Sales Automation functionality directly into the systems of Demand Chain partners such as resellers and distributors.
"Vendors who have been struggling to make E-Business systems pay off can now link those systems through their partners to optimize their interactions with a much larger customer base and generate a better return on their investments," said Bill Brown, CEO, Collabridge Technologies, Inc. "Customer-centric vendors will take this approach to managing the Demand Chain - where often more than 85% of their revenues are generated."
The CollabridgeTM Platform is an E-Business integration hub that connects vendors to multiple demand chain partners. It can be integrated in a matter of days, with minimal IT involvement and training. Consequently, vendors can quickly realize a return on investment from the Platform. The Collabridge Platform has been successfully deployed for leading manufacturers including IBM, Iomega, Sharp, NEC Mitsubishi and Seagate.
"By using the Collabridge Platform to deliver better selling and CRM applications, our customers have increased sales, improved customer satisfaction and retention, and reduced the costs associated with managing programs through the channel," CEO Brown concluded. "These are significant goals of every vendor, especially in today`s tough economic market."
The company is using the funds to continue its market penetration and technology development efforts, and expects to reach profitability by Q3 2002.
About Collabridge Technologies, Inc.
Collabridge Technologies, Inc. maximizes E-Business investments for Global 3500 product and service vendors. The company`s technology platform enables vendors to experience significant ROI by extending their reach and influence through channel partners. Collabridge Technologies, Inc. is headquartered at 540 Howard Street, San Francisco, Calif., 94105. Telephone: (415) 593-3858.
For more information, please visit the company`s website at www.collabridgetech.com.