Leading the Series C round of financing was Cargill Ventures, the venture investment arm of Cargill, a $60 billion global provider of agricultural, food and financial products and services. In connection with the financing, Cargill Ventures Managing Director Deepak Malik has joined the board of directors of Intalio, San Mateo, Calif.
Intalio previously received $19.7 million in venture capital from Woodside Fund, 3i, XML Fund, SAP Ventures and Sippl MacDonald Ventures, bringing the company's financing total to $30.7 million since June 2000, an Intalio spokeswoman said.
Intalio will use the latest round of funding to expand its support, engineering and professional services operations, as well as expand sales and marketing efforts into new geographic markets.
Intalio is one of a host of vendors, including Savvion, Fuego and Oak Grove Systems, in the rapidly growing business process management (BPM) market. While many observers think BPM market consolidation is inevitable, Intalio is well-positioned to remain a contender in the space not only because it was early to market, having launched in 1999, but also because of the sizable amount of venture capital investment in the company.
Both Intalio and Fuego got a boost recently from their expanded partnerships with IDS Scheer, a leading professional services and software firm in the business process analysis and modeling space. Under the agreement, both BPM pure-plays will offer a variety of standards that make it easier to work with and complement IDS Scheer's Aris Toolset.
For its part, Intalio is delivering native support of Business Process Modeling Notation--enabling Intalio's software to directly execute Aris-generated models--and Business Process Execution Language, which is becoming an increasingly important standard for writing business processes.