Active Software Inc, the Santa Clara, California network-based integration software house, has secured $11m in its third round of funding. The company says it will use the money to further product development and to boost sales and marketing activities. Funding in this round came from original investors Enterprise Partners, the Kleiner Perkins Caufield and Byers Java Fund, Lehman Brothers and Sierra Ventures – as well as new investors, Aspect Telecommunications, Cambridge Technology Capital Fund, Charter Growth Capital, NIF Ventures USA (A Daiwa Securities Group Company), KPMG Peat Marwick and Spring Creek Partners. Active, which sees itself as leader in the field of enterprise application integration (EAI) software, has raised more than $22m in funding to date. Its products are designed to integrate varied computing environments, including custom or packaged applications, databases, internet apps and mainframe systems, through publish and subscribe procedures. The company claims more than 50 Global 2000 companies, including the likes of Boeing Corp, Daiwa Securities, Federal-Express Inc, and Hewlett-Packard Co, as customers. In May, the company formed a business and technology alliance with KPMG to use its Integration System technology in KPMG’s consulting and service offerings (CI No 3,413). Together, the two are hoping to make a bundle out of an emerging EAI market that is expected to be worth some $1bn within the next couple of years.
