Clickmarks, a provider of software solutions for web and wireless application development and deployment, today announced the closing of an additional round of venture funding, investments from Silicon Valley venture capital firm Draper Fisher Jurvetson ePlanet Ventures, RB Webber & Company, and Vodafone Ventures.
“Clickmarks has demonstrated clear progress in sales and product development to its investors and has been rewarded with a significant amount of funding in an incredibly tough investment environment,” said Umair Khan, President and Chief Executive Officer of Clickmarks. “Our plan for 2003 is to build on the successes of 2002 by continued focus on channel sales and customer acquisition.”
“Our commitment to the company remains strong, as does our belief in the market opportunity for rapid, non-invasive alternatives to the traditional methods of ebusiness application integration and development,” said Asad Jamal, co-chairman and managing director of DFJ ePlanet. “Clickmarks fundamentally changes the way e-business applications are integrated, developed, and deployed. Equally important is the fact that the team has achieved increasing momentum on sales and business development amid tough ecomonic conditions.”
Specific uses for the funds include an expansion of indirect sales channels via alliance partnerships and further development of the company’s sales and support organization.
About ePlanet Ventures
Draper Fisher Jurvetson ePlanet Ventures (“DFJ ePlanet”), (www.dfjeplanet.com), is a global venture capital firm focused on the information technology sector. DFJ ePlanet was founded in 1999 to take advantage of the growing trend towards globalization in technology by the leading Silicon Valley-based venture capital firm, Draper Fisher Jurvetson (www.dfj.com) in partnership with Europe-based ePlanet Partners (founded by Messrs. Roderick Thomson and Asad Jamal). ePlanet invests in seed to later stage companies in Europe, Israel and Asia, and in expansion and later stage companies in the United States. The fund currently operates offices in Redwood City, London, Tel Aviv, Beijing, Singapore and Tokyo.
About Clickmarks, Inc.
Founded in June 1999, Clickmarks, Inc. (www.clickmarks.com) is the pioneer of Presentation Level Integration (PLI), a noninvasive integration technology that allows existing applications to become re-usable components at the presentation layer. This capability enables rapid development and deployment of integrated business applications and web services. Clickmarks and its partners use PLI technology to leverage existing enterprise investments to deliver workflow automation, portal integration, and decision support solutions accessible on web sites and mobile devices. The company’s products and solutions have been commercially deployed at some of the world’s largest companies, including Vodafone Group, PLC, Unisys, Nippon Information Technology Corporation, Sun Microsystems, and Telefonica. Clickmarks is a privately held company whose principal investors include DFJ-ePlanet, Vodafone Ventures, Entrust, and Mitsubishi Corporation. Clickmarks, Inc. is headquartered in Fremont, California.
