 |
|
Join the IVC Network on LinkedIn
|
|
Become an IVC fan on Facebook
|
|
|
|
|
|
| Transaction management co Correlix raises $2.8m | Published by: Globes
www.globes.co.il
Batya Feldman
04/10/2006
| Correlix specializes in control and monitoring technologies for automated mapping of business processes in large enterprises.
Israeli start up Correlix Ltd. Announced today that it completed a first institutional financing round, raising $2.8 million. Genesis Partners led the round, and was joined by the company’s existing investors Blumberg Capital and Xenia Ventures, which previously invested $1 million.
Correlix specializes in control and monitoring technologies for automated mapping of business processes in large enterprises. The company has developed a non-invasive software platform that enables enterprises to automatically discover IT business transactions and their constituent steps. The platform supports a wide range of information systems currently in use by large enterprises.
Correlix was co-founded by CEO Shawn Melamed, a former partner in Strauss Strategy, who holds a degree in bioinformatics and who served in a computer unit in the IDF Intelligence Corps. The other founder is VP R&D Amir Knippel, a well-known communications and enterprise network expert with an extensive track record as a technology leader in Israeli start ups such as Kashya Networks, Softier, Voltaire Ltd., Expand Networks, and other companies.
Correlix is currently running a feasibility trial of its product in collaboration with large enterprises from the financial sector in the US. “We began developing the idea a year and a half ago, and in December we raised initial financing to enable us to begin development,” said Melamed today.
|
Close Window
|
 |
|
|
|
 |
|
The most complete volume
of Israel’s high-tech & venture capital industry.
The yearbook includes data on Israeli technology companies, VC investors and more.
|
|
