SnapLogic Receives $2.5 Million Initial Funding From Dhillon Capital

Data Integration and Internet Infrastructure Pioneers Join Forces to Tackle Data Integration for the Web

SAN MATEO, Calif.--(BUSINESS WIRE)--SnapLogic, an Open Source data integration project, received $2.5 million in financing from Dhillon Capital.

“The team has worked hard to get our Beta release ready for download and now this financing will allow us to further execute our strategy of gaining widespread adoption of SnapLogic for Internet data services.”

The funds from this round of financing will be used to support further development of the Open Source project, promote community awareness and developer contributions and accelerate end-user adoption.

While advising folks in Open Source software companies, I realized a fundamentally different approach using Internet-scale integration would revolutionize the data integration industry. In November, 2005, I seeded the company and tapped Mike Pittaro to build a solution blueprint, said Gaurav Dhillon, SnapLogic chairman and co-founder. We then recruited Chris Marino, who previously was the founder and CEO of Resonate to lead the team since his experience pioneering new Internet infrastructure solutions was well suited to what had to be done.

SnapLogic co-founder Mike Pittaro spent more than a decade helping customers implement enterprise data integration solutions at Informatica (Nasdaq:INFA). He was one of the earliest members of the support organization, and most recently was responsible for their customer support web presence. He recognized early on that traditional techniques could not accommodate the accelerating requirements for Internet data integration.

Gaurav and Mikes vision for the future of data integration is quickly taking shape, said Chris Marino, CEO of SnapLogic. The team has worked hard to get our Beta release ready for download and now this financing will allow us to further execute our strategy of gaining widespread adoption of SnapLogic for Internet data services.

Current integration solutions are complex and expensive and primarily targeted toward the narrow requirements of database and application integration behind the firewall. As an increasing portion of data migrates outside an organization, these kinds of enterprise solutions are poorly suited to integrate Web-based applications and services.

SnapLogic is an Open Source data services layer that is technically and philosophically aligned with LAMP and the Open Source development model. It includes transformation and integration services so that integrations can be performed as easily as Web servers are added to the Internet.

Beta Release Available Today

SnapLogic also announced today the availability of the Beta release of their Open Source data integration project. For more information or to download visit www.snaplogic.org.

About SnapLogic

SnapLogic is an Open Source Internet data services solution that uses the universal standards and technologies of the Web and applies them to the problem of data integration. SnapLogic transforms data into data services that can then be easily mixed and matched to satisfy any integration requirement.

About Dhillon Capital

Dhillon Capital was founded in 2005 by Gaurav Dhillon, co-founder and former CEO of data integration pioneer Informatica. The fund was launched to create innovative Web 2.0 companies and participate in their early stage development.

Contacts

SnapLogic
Molly Morelock, 650-655-7200 ext. 1010
510-917-0952 (cell)
molly@snaplogic.org
or
Dhillon Capital
Kathy Daw, 650-525-3502
info@dhilloncapital.com

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