Boston, MA, June 25, 2008 - Optaros, an assembler of Next Generation Internet applications, today announced a third round of financing co-led by .406 Ventures and Globespan Capital Partners with participating investment from existing investors Charles River Ventures and General Catalyst Partners. The $12 million investment provides capital for continued expansion into new geographic markets and the introduction of new offerings.
“Optaros excels in assessing the business needs of its customers and developing compelling Next Generation Internet applications. The company has doubled revenue and maintained impressively high client satisfaction,” said Larry Begley, managing director of .406 Ventures. “We see Optaros as being well positioned to expand their business into new markets.”
Optaros is helping companies like The New York Times and Swisscom seize new online opportunities in ecommerce, social media and brand engagement by assembling compelling user experience applications from open source software. The combination of Web 2.0 user experience design, open source technology and full support services provide clients with a complete solution.
“Our clients are looking for greater business agility from their IT investments to meet rapidly growing online customer expectations,” states Bob Gett, CEO of Optaros. “Our new round of funding will allow us to introduce new offerings and allow us to expand our reach into European markets.”
About Optaros Optaros designs and assembles fully supported, Next Generation Internet (NGI) solutions that deliver superior business performance. The unique Optaros Assembly Methodology (OptAM) leverages pen ource, Service Oriented Architectures, and rich interface design to assemble solutions faster and more flexibly than traditional build, buy or rent options. Optaros serves over 90 clients including ABB, Biogen Idec, McKesson, Merck/Serono, The New York Times, Sony Pictures, Swisscom, and many others. For more about Optaros, go to www.optaros.com.
For more information, contact: Katie Sullivan Metis Communications 617-236-0500 katie.sullivan@metiscomm.com
