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Eba Systems accepts $1.2 m seed funding


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Announcement from prior venture raise for mobile CRM (Eba Systems)

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Eba Systems accepts $1.2 m seed funding

  1. 1. Eba System accepts $1.2M Seed Funding Go SEP OCT NOV Close 4 captures 9 Help 9 Oct 99 - 17 Oct 00 1998 1999 2000 Eba Systems accepts $1.2M Seed Funding from Labrador, Arete, and Cordova Ventures Mobile Enterprise Server Company Targeting Enterprise Market Atlanta, GA March 17, 1999 Eba Systems, Inc., the mobile enterprise server company, today announced the acceptance of $1.2M in seed funding commitments from Labrador Ventures of Redwood City, CA. in collaboration with Arete Ventures and Cordova Ventures of Atlanta, GA. Stuart Davidson, Managing Director of Labrador and Nelson Chu, Senior Associate of Arete will both serve on the companys Board of Directors. The mobile enterprise server market addresses the deployment of corporate applications on palmtop, wireless and mobile devices over the Intranet or Internet. Eba Systems is the first software and services company committed to delivering and managing the online workflow between heterogeneous applications for mobile platforms. "Eba has created a distinctive approach to mobile computing that weve not seen in the marketplace," remarked Davidson. "Ebas design for online mobile workflow, support for wireless communications, as well as cross- application capability uniquely positions company to help organizations deploy sales force, customer service and other applications to small cost-effective devices". "A new category of software application is required that allows mobile computing users to access multiple corporate applications without rewriting front-ends, just as webservers empowered PCs to access heterogeneous data sources," said Tim Jones, Eba Systems President. "Eba has attracted a worldclass team to address this opportunity in mobile computing." According to the Red Herring, two of the most important trends for the post-PC world include support for ubiquitous palmtop devices and wireless applications, both of which the Company addresses with its solutions. The Company was a featured presenter at the Red Herring Venture Market South conference held March 16-17 in Atlanta, GA. The Company has also been accepted to the Advanced Technology Development Center incubator program at the Georgia Center for Advanced Telecommunications and Technology. The Company will use this round of funding to continue development of the Eba Mobile Server. The Company will maintain facilities in both Atlanta, GA and San Francisco, CA. For more information, contact Eba Systems at 250 14th St., NW, 4th Floor, Atlanta, GA 30318; phone (404) 313 3863; fax (404) 894 5712. Information can also be obtained by emailing Contact: Eba Systems Tim Jones, President 404-313-3863 or 415-553-8790 Labrador Ventures Arete Ventures Cordova Ventures1 of 2 11/9/11 9:54 PM
  2. 2. Eba System accepts $1.2M Seed Funding Go SEP OCT NOV Close Stuart Davidson 4 captures Nelson Chu Frank Dalton 9 Help 9 Oct 99 - 17 Oct 00 1998 1999 2000 Managing Director Senior Associate Partner (650) 366-6000 (770) 399-1671 (678) 942-0305 fd@cordovaventures.com2 of 2 11/9/11 9:54 PM