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Asera  Acquired by SEEC (2003)

3000 Bridge Parkway
Redwood Shores, CA 94065
Website Company Summary Management Team

Outside board: (May no longer be on the board) Robert B Carter (Federal Express);  Matthew Cowan (Bowman Capital) Vinod Khosla (Kleiner Perkins) Raymond J Lane (Oracle President);  Janpieter Scheerder (Sun Microsystems);  Naomi O Seligman (individual investor);  Peter Solvik (Cisco Systems)
Advisory board: Ernest Von Simson (Cassius)

Business description: The SEEC Asera applications for manufacturing (Supply Chain and Commerce) and insurance (Integrated Customer Service) deliver immediate value to employees, customers and partners by integrating and automating business processes across the extended value chain. These configurable, composite applications let companies innovate new ways of serving customers and working with partners while providing a more rapid time-to-value, and more flexible business applications that can evolve as business changes. SEEC delivers industry-specific composite applications that help companies rapidly integrate and automate business processes across sales channels, product lines, extended supplier networks and complex internal information systems, creating new competitive advantages that drive profitable growth. Our pre-defined process components for insurance and manufacturing, our composite application approach, and our unique legacy transformation technology result in faster delivery (120 days or less), more rapid return-on-investment, and lower costs than traditional application packages or custom software development.
Customers include: Cadence Design Systemse2openElemicaExtreme NetworksInfineon Technologies;  Bankers Life and Casualty Company;  British Petroleum;  BT Ignite;  Canada Life;  Chatfield;  DSM;  LC;  Nationwide;  NIIT Limited;  Ohio Casualty;  Steel 24-7
Partners include: Active SoftwareCisco SystemsenCommerceInterwoveniSyndicateOracleSeeBeyondSun MicrosystemsUUNET;  CardonNet;  Mahindra-BT;  Satyam;  Selective

Rounds: 3
Recent Fundings:    Aug 2000
Capital raised: 260.0M
Ownership: Acquired by SEEC (2003)
Corporate investors: Cisco SystemsIntel Capital;  Eastman Chemical;  GE CapitalItochu

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Record updated: Jul 2003
Sector: Internet
Year Founded: 1998
Headcount: 201-300 as of Nov 2002
Rounds: 3
Recent Fundings:    Aug 2000
Capital Raised: 260.0M
Ownership: Acquired by SEEC (2003)