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Evolutionary Technologies International, Inc. (ETI) Closes $6.5 Million Series A-1 Financing Round; Investment Completes Company's Successful Recapitalization.

Publication: Business Wire
Publication Date: 06-MAR-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
AUSTIN, Texas -- Evolutionary Technologies International, Inc. (ETI), a global provider of data integration solutions, today announced that the company has successfully secured a $6.5 million Series A-1 financing round. ETI develops software solutions that automate the enterprise-wide integration of disparate data sources.

Coupled with the buyout of original investors in early 2005, this funding event successfully completes the recapitalization of the company and will allow ETI to accelerate development of its new pre-packaged data integration products, grow its sales and marketing operations in commercial markets, and expand its federal market presence by building new partner channels.

The lead investor in the funding round is Appian Ventures, joined by Access Venture...

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