Displaying items by tag: funds
Tuesday, 15 September 2009 13:54
2001 - First Round Financing Completed
"First Round Financing Completed"
Kirkland, WA. (January 5, 2001) – The Software Revolution, Inc. (TSRI), a world-class provider of assessment, transformation, re-factoring and web-enablement software services for legacy systems, today announced that it has completed its $3 million "first round" of investment financing.
As TSRI's capabilities are becoming recognized as the fastest, lowest-risk, and most cost-effective approach to legacy system modernization, the company has rapidly begun to grow. To support that growth and to ensure a continuing exponential expansion of its business base, TSRI undertook the challenge of obtaining investment funds in the difficult financial environment currently affecting high-tech companies across the globe.
"It is a testament to TSRI's vision and to the potential long-term dominance of our approach to legacy system modernization that we were able to obtain investment funding when so many other companies are unable to get the attention of today's financial community," TSRI's CEO. "We will use the funding to expand and strengthen all aspects of the company with particular emphasis on the development of our technologies and services that have no peer in today's market, and in our sales and marketing force that will ensure the business world and government organizations are fully aware of our unique offering."
The Software Revolution, Inc.
The Software Revolution, Inc., established in 1995, specializes in the modernization of legacy system software. Employing state-of-the-art artificial intelligence-based technologies, The Software Revolution, Inc. has developed the capability to assess, transform, re-factor, and web-enable, a variety of different software source languages, along with system databases.
Employing a highly automated, low risk, cost-effective approach, The Software Revolution, Inc. can transform COBOL, C, Fortran, Mumps, Ada, and CMS2 into modern, platform-independent C++, JAVA, or XML with CORBA compatibility.
eVolution 2000™ toolset
The foundation of TSRI's capabilities is the eVolution 2000™ tool-set. Enjoying the benefit of over 100 man-years of development effort and nearly $20 million in corporate and private investment funding, the eVolution 2000™ tool-set addresses each of the major steps of the legacy system modernization process at near perfect levels of automation.
Beyond the ability to address the standard suite of legacy software languages, the eVolution 2000™ tool-set also has the flexibility to address most other legacy software languages, needing only 8 to 12 weeks of automated processes modification to accept the new source language.
Using the eVolution 2000™ tool-set, The Software Revolution, Inc. can help customers enter the modern computing world quickly and far less expensively than using currently available manual or semi-automated approaches.
For more information about TSRI, visit our web site or contact:
Vice President of Sales
Phone: (425) 284-2770
Fax: (425) 284-2785
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