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Catalog Content Management Gets New Round of Funding
2001-12-17 admin
Funds will support launch of new catalog commerce technology and international expansion
18 December 2001
Pindar Systems, the leader in catalog commerce technology, has completed its second round of financing totaling $3.5 million.
Existing investors Granville Baird Capital Partners and The Pindar Group participated in the second round.
The new financing brings the total capital raised by the company to $11.5 million since its launch earlier this year as an independent entity.
Pindar Systems provides software that enables leading retail, distribution and manufacturing companies to aggregate, manage and publish product information and catalogs to print and Web.
The company, originally part of The Pindar Group, became an independent entity earlier this year and counts
among its customers W.W. Grainger, Office Depot, Spiegel, VWR Scientific,
Rexel and Eddie Bauer. The new round of funding will allow the company to introduce a new technology platform and extend its marketing and sales
efforts globally.
"This funding will support our growth as we continue to add the resources needed to fully realize our market potential," explains Paul O¹Sullivan, Chief Executive Officer of Pindar Systems.
"Because Pindar Systems has invested heavily in research and development during the past year, we are poised to
extend our lead over our rivals and add distribution in additional geographic regions."
Over the past year, Pindar Systems has added a dozen new B2B and B2C corporate
customers in the UK, U.S. and France; created a close-knit network of reseller agents in continental Europe; entered into strategic alliances
with consumer goods supply chain and B2B e-procurement systems developers;
and introduced major enhancements to its core Catalog Management System
(CMS) to better serve large retailers, streamline the catalog production process
and provide a flexible XML-based path for online product information migration.
In addition, Pindar Systems recently launched an catalog management system for growing companies.
www.pindar.com
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