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Chordiant Software  (Stock symbol: CHRD ) Acquired by Pegasystems (2010 $ 161,500,000 )

20400 Stevens Creek Blvd
Cupertino, CA 95014
Website Company Summary Management Team

Outside board: (May no longer be on the board) Daniel A Gaudreau (Actuate CFO) Charles Hoffman (Covad Communicatons Former President/CEO) Richard G Stevens (Hunter Stevens Managing Director) Allen Swann (Manpower Software Division Interim CEO) David R Springett (Community College Foundation President)
Advisory board: Peter Fingar (Greystone Group);  Mike Hughes (;  Kevin Lloyd (Barclays Group);  David Luckham (Stanford University Professor);  Regis McKenna
Former advisory board: Steve Yates (USAA Information Technology)

Business description: Chordiant Software, Inc. is an enterprise software provider of solutions that automate operational business processes to meet the needs of service-driven organizations such as retail banks, consumer credit, insurance providers, and telecommunications companies. Chordiant automates the end-to-end operational business processes that enable the business from the back-office systems, existing applications and processes, through to the communications with customers. The emphasis on the automation of operational business processes is designed to address employee productivity; operating costs of end-to-end processing and work management; and customer effectiveness – each a key issue faced by companies in the service industries.
Customers include: Cox CommunicationsMetLifeNokiaTelenorTelstraTime Warner Cable T-Mobile Wachovia ;  BankWest;  Barclays;  CIBC Card Products;  CompuCredit ;  DAK ;  DeutscheBank;  Edgars;  Fairmont HotelsAndResorts;  Group Banque Populaire;  Halifax;  HSBC ;  ING Canada ; ;  L'Tur;  mobilkom austria;  Natexis Assurances ;  Quick and Reilly;  RSA Solutions ;  SNS Reaal Group ;  The Boston Globe ;  The Northern Ireland Social Security Agency;  The Royal Bank of Scotland;  Thomas Cook;  Total Systems;  VKG Verlagvertriebs KG;  Yapi Kredi
Partners include: Aspect SoftwareBEA SystemsEDSIBM KPMGMCIPricewaterhouseCoopers;  HCL Technologies ;  iContaq;  ISBAN;  Merit International

Rounds: 6
Capital raised: 77.0M
Ownership: Acquired by Pegasystems (2010 $ 161,500,000 )
Stock Symbol: CHRD
Angels/other VCs: Mitchell Kertzman (Sybase)
Corporate investors: MCI

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Record updated: Sep 2010
Sector: Software
Year Founded: 1997
Headcount: 201-300 as of Nov 2007
Rounds: 6
Capital Raised: 77.0M
Ownership: Acquired by Pegasystems (2010 $ 161,500,000 )
Stock Symbol: CHRD