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Astoria Software Raises $11.4 Million, Adds Blueprint Ventures, Goldman Sachs as Investors
Astoria Software, provider of software for managing structured content, today announced $11.4 million in new funding, adding Blueprint Ventures and affiliates of Goldman Sachs as new investors. The money will be used to continue delivering Astoria’s technology to market leading companies, along with increased sales and marketing efforts within its targeted vertical industries.
“Astoria Software provides a unique solution to the challenge of managing complex documentation and content,” said Tom Steding, CEO of Astoria Software. “This funding from new and existing investors reflects the tremendous potential of Astoria’s technology, experienced team and valued customer base.”
Originally developed at Xerox – the birthplace of content management – Astoria’s software is designed to manage the world’s most complex documents and content. Customers use Astoria to automate the inefficient and expensive authoring, publishing and updating processes of documents that have long lifecycles, are updated frequently, or require regulatory review .
Astoria’s latest application, Configuration Publishing®, automates the management and assembly of configuration-specific documentation for multi-component products -- such as producing flight manuals -- to an aircraft’s specific equipment configuration. Unlike traditional file-based document management systems, Astoria is differentiated by its ability to manage structured (XML/SGML) content at the granular or element-level. This approach delivers automation and process efficiencies in the sharing, updating, and re-purposing of content for any electronic output format including print, web and PDA. Astoria technology is currently used by leading enterprise customers, such as The Boeing Company, Lockheed Martin, Cessna and Texas Instruments.
"We led this investment in part, based upon the tremendous traction Astoria has secured in its core Fortune 100 customer base," said George Hoyem, Managing Partner, Blueprint Ventures, "The combination of large customers such as The Boeing Company, combined with installed and mature products, and the strong financial backing this financing delivers, puts Astoria in a strong position to dominate their market sector."
“As the complexity of print and digital documents continues to grow, so does the need for Astoria’s technology, which manages the process of authoring, reviewing and publishing this content,” said Joe DiSabato, Managing Director at Goldman Sachs. “We believe that Astoria has the right team, technology and timing to lead this sector of the market.”
This Series A round was led by Blueprint Ventures. In addition to Goldman Sachs, all existing investors also participated. These include APV Technology Partners, Ticonderoga Capital, Crystal Ventures and Solstice Capital.
Astoria will use the new funding to continue to successfully deploy its technology in segments of the market with the greatest need to manage and assemble complex documents and content, such as it has in the aerospace and semiconductor markets.
About Astoria Software
Astoria Software (www.astoriasoftware.com) is the established developer of software for structured document management in the enterprise. Its package software applications automate and manage the authoring, review, assembly and publishing processes of structured content. Natively architected to manage XML/SGML content, Astoria is unique in managing content at the document, component, and even element level. This flexible approach to managing information enables Astoria customers to share, re-use, and re-purpose information across one or thousands of documents for easy delivery to any delivery channel, web, print, PDA and others. Enterprise customers including Texas Instruments, The Boeing Company, Lockheed Martin, Cessna use Astoria Software to address their most complex content requirements. 05.04.2004, Astoria Software
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