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ACQUIRED COMPANY
 
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Covalent Technologies  Acquired by SpringSource (2008  amount undisclosed )

1646 N. California Blvd, Suite 230
Walnut Creek, CA 94596
USA
(925)-974-8800
Website Company Summary Management Team
Company

Business description: Covalent Technologies is the most trusted source for complete enterprise open source solutions. The leading provider of products and services for the Apache Tomcat Application Server, Apache Axis Web Services Framework, Apache Geronimo Application Server, and Apache HTTP, the world's leading Web server*, Covalent is one of the few sources for full commercial support for Apache, Tomcat, Axis and Geronimo on a global basis. Founders of Covalent helped develop the Apache HTTP Web server. Covalent has since assembled the deepest talent pool of Apache experts in the industry and is proud to be one of the most distinguished supporters of the Apache Software Foundation (ASF), the dominant community for useable open source, and the open source community in general. Covalent has been the trusted source that Fortune 1000 enterprises rely on when migrating to open source and when deploying new open source initiatives. Covalent now supports many of the world's largest IT operations groups and Web infrastructures-- including more than 50% of the Fortune 500 and more than 70% of the Fortune 100 companies. Through Covalent's products and services, Apache, Tomcat , Axis and Geronimo users receive all the flexibility and benefits of open source, with the support and reliability of a commercial enterprise fully dedicated to those open source technologies.
Customers include: 3ComAdvanced Micro DevicesATandTBEA SystemsCisco SystemsComcastExpediaFiservGEGoldman SachsHarvard UniversityHPJohnsonAndJohnsonLucent TechnologiesMerckMorgan StanleyNASANetegrityPeopleSoftPfizerRaytheonRSA Data SecuritySun MicrosystemsTeaLeaf TechnologyTexas InstrumentsUS BankVerioVeriSignVisa;  Bear Stearns;  BMC;  Boehringer Ingelheim;  Boise Cascade;  Columbia House;  Dial;  Entrust Technologies;  Federal Express;  Fidelity Investments;  Flagstar Bank;  Freddie Mac;  GlaxoSkithKline;  Hewitt and Associates;  Intercontinental Hotels Group;  Northrup Gruman;  Pacific Life;  PHH Mortgage;  University of Souhern California;  USDA;  USGS;  Zions Bank
Capital

Rounds: 3
Recent Fundings: Jan 2002   Jan 2001
Capital raised: 36.0M
Last Round: 18.0M
Ownership: Acquired by SpringSource (2008  amount undisclosed )
Corporate investors: Adobe Ventures;  TI Ventures

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Overview
Record updated: Jan 2008
Sector: Software
Year Founded: 1998
Rounds: 3
Recent Fundings: Jan 2002   Jan 2001
Capital Raised: 36.0M
Last Round: 18.0M
Ownership: Acquired by SpringSource (2008  amount undisclosed )