Business Services Industry
Sagent Technology Garners $6.5 in Financing; U.S. Venture Partners joins Crosspoint, El Dorado and Greylock to back data mart start-up
Business Wire, July 29, 1996
MENLO PARK, Calif.--(BUSINESS WIRE)--July 29, 1996--Sagent Technology, Inc., the newest entrant in the fast-growing data mart market, today announced it has obtained $6.5 million in third-round financing that will help the company to bring to market its soon-to-be-announced integrated data mart solution for Windows NT.
U.S. Venture Partners is the newest on the list of investors for Sagent, which includes Crosspoint Venture Partners, El Dorado Ventures and Greylock Limited Partnerships.
"Data marts go a long way to solve the problem of delivering information to users in a timely fashion, and in a form they can use to make better, faster business decisions -- making this the fastest-growing segment of the data warehousing market," said Marc A. Friend of U.S. Venture Partners. "Sagent is expected to answer a strong market demand for a tightly-integrated, high-performance data mart solution."
"We are gratified by the support of an institution as venerable as U.S. Venture Partners, as well as the continued support from our existing investors," said Ken Gardner, president of Sagent. "We believe this strong show of support is a further signal of the strength of the data mart marketplace."
About Sagent Technology, Inc.
Sagent is a privately-owned company based in Menlo Park, Calif. It was co-founded in June, 1995 by Ken Gardner and John Zicker, both formerly with ReportSmith, Inc. The company's marketing efforts are headed by Perry Mizota, formerly vice president of marketing at Business Objects, Inc. Sagent is building an integrated data mart solution that leverages a variety of Microsoft technologies, including Windows NT, Microsoft BackOffice, Office and Visual Basic for Applications 5.0. -0-
Note to Editors: Sagent's web site is located at: www.sagenttech.com. Sagent is a trademarks of Sagent Technology, Inc. All other trademarks are the property of their respective owners.
CONTACT: Sagent Technology, Inc.
Gillian Webster, 415/833-6817
or
Evans Communications
Lori Evans, 415/595-8776
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
Most Popular Business Publications
Content provided in partnership with
