Idiom Closes $6 Million Round Of Venture Financing To Expand
Customer Service And Sales Initiatives
Funding Marks Increased Traction in Content Globalization and Gloibal Publishing
Waltham, Massachusetts, USA - April 18, 2005 - Idiom
® Technologies, Inc. (Idiom), the only enterprise software company that combines the power of modern XML publishing and market leading globalization, today announced it has closed a $6 million round of venture financing. The Series E round includes previous investors, Sigma Partners, North Bridge Venture Partners, Globespan Capital Partners and Greylock. Idiom will focus the capital on customer-facing initiatives, including customer service, sales and marketing.
"Idiom has successfully propelled itself into a leadership position at the nexus of two high-growth markets—content globalization and XML publishing. The company has parlayed that position into consistent and impressive business momentum, with significant wins at some of the world's most successful global enterprises," said Bob Davoli, managing director, Sigma Partners. "Our decision to invest in the company's ability to accelerate sales and marketing efforts is an indicator of the confidence we have in the company's strategy."
Idiom is well positioned to extend its market reach. The new funding will enable Idiom to accelerate sales of WorldServer™ OpenTopic, the company's innovative XML and DITA (Darwin Information Typing Architecture)–based publishing solution, and related products.
"This infusion of capital is a reflection of our board's confidence in our solid sales pipeline and the revenue potential of our market-leading globalization and XML publishing solutions," said Joe Fiorentino, president and CEO, Idiom Technologies, Inc. "In 2004, we successfully doubled our business for the second consecutive year. This year will mark additional milestones for Idiom in terms of expanding our customer base and increasing market acceptance for our solutions."
About Idiom Technologies, Inc.Idiom uniquely combines the power of modern XML publishing and market leading globalization to create and deliver the only comprehensive enterprise software solutions for authoring, managing, and publishing content in any format and any language.
The company is headquartered in Waltham, Massachusetts, with offices throughout North America and in Europe. To learn more please visit www.idiominc.com or call
+1 781-464-6000.
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Idiom and WorldServer are trademarks, or registered trademarks of Idiom Technologies, Inc. All other brand names, product names, or trademarks belong to their respective holders.Media Inquiries:Liz Campbell
fama PR
ph: +1 617-758-4149
idiom@famapr.com