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Contact: Samira Abrari Corticon Technologies 650.212.2424, ext. 247 pr@corticon.com |
Corticon Technologies Raises $3 Million in Latest Round of Funding
Corticon
also introduces industry veteran Eric Kintzer as new Vice President
of Business Development
SAN MATEO, CALIF., January 22, 2003—Corticon Technologies,
the leading provider of next-generation business rules software,
today announced that it has raised $3 million from existing investors
in its latest round of funding. The company also announced that
Eric Kintzer, Former CTO of Blaze Software (now Fair, Isaac & Company),
has joined the company as VP of Business Development.
"In these uncertain times, the bar has been raised for companies
looking for new financing and Corticon has exceeded this bar, resulting
in this over-subscribed round of financing based upon their accomplishments,"
said George Sollman, Chairman and CEO of Arabesque Investments LLC
and Chairman of the Board of the company. "Corticon has successfully
delivered the next generation of business rules technology, providing
customers the opportunity to automate today's manual decision-making
processes, with a degree of ease and consistency never before possible.
Given the strong customer interest in and demand for Corticon's
products, we are not surprised that this round of financing was
supported strongly by our investors."
In addition to the new financing, Corticon also announced the addition
of Eric Kintzer to its management team. Mr. Kintzer's career spans
both sides of the business rules industry. During his career at
American Management Systems, a $1 billion systems integrator, he
was the technical architect in applications projects centered on
business rules in a variety of domains including securities processing,
telco risk management, and credit card collection. Most recently,
Mr. Kintzer joined the executive team at Neuron Data, and, as CTO,
drove the company's product strategy and revenue base in a successful
re-launch as Blaze Software, the market leader in business rules
technology. This led to their successful IPO in 2000. He concluded
his career at Blaze with a successful sale of the business to HNC
Software, now Fair, Isaac & Company (NYSE: FIC).
"Corticon has solved one of the most difficult problems in software:
allowing business people to define and manage executable decision-making
logic," said Mr. Kintzer. "Since launching their product last year,
Corticon has demonstrated a track record of innovation and customer
success. I'm very excited to join the Company at this critical inflection
point in its growth."
About Corticon
Technologies
Corticon™ Technologies provides the leading software platform
for formalizing and automating decision-making activities as business-managed
web services. Corticon's products help organizations enhance the
efficiency, quality and manageability of their mission-critical
business processes. This results in solutions that dramatically
increase a company's productivity, yet are agile enough to evolve
with the dynamic needs of today's business environment. Headquartered
in San Mateo, Calif., with an engineering center in Culver City,
Calif., Corticon is a venture-backed, privately held company. Visit
www.corticon.com for additional company information.
