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OpenSpan Secures $8 Million in Venture Capital Funding

OpenSpan Inc., a pioneer of Surface Integration™ has announced that it has closed its first round of venture capital funding. Premiere venture capital firms Sigma Partners and Matrix Partners are the lead investors in this round. This funding will help to fuel the expansion of OpenSpan’s direct and channel business operations in order to advance its leadership position in the desktop integration and automation software market.

"By productizing what is traditionally a very complex and heavy services-oriented activity, it is now possible to greatly simplify a user’s desktop in literally minutes without ever writing a line of code,” said Francis Carden, CEO of OpenSpan. “People don’t believe it when they see the product in action, how the intuitive graphical modeling environment of Composite Studio can produce in minutes what would usually take weeks, months or years of back-end integration with senior engineers,” Francis said.

David Skok, General Partner at Matrix Partners added: “Our investment strategy is to invest in companies that we perceive to be on the cutting edge of creating major new markets in software, and OpenSpan fits that category with its ingenious and rapid approach to desktop integration and automation.”

Francis Carden concluded: “Sigma’s and Matrix’s investment in our company is a terrific endorsement of our technology, our team and our business plan. We look forward to working closely with two of the top value-added investors in the world, who have an incredible track record of proactive mentoring, networking, and support for their portfolio companies.”

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