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99 Park Avenue 8th Fl
New York NY 10016
212 293 2230
www.access-stp.com
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2128 15th Street
Denver CO 80202
303 223 6400 |
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Access International Receives Series-B Funding
Jan 27 2003, New York City and Denver
Access International Financial Services, a leading provider of reference
data management solutions for achieving straight-through processing (STP)
requirements, today announced that it has closed a second round of financing
led by Bessemer Ventures Partners and Opticality Ventures. This series-B
round of financing will be used to support and expand the company’s
product development and sales & marketing activities in North America
and abroad.
“After speaking with many potential customers, vendors, and industry
analysts relevant to this space, it is clear that Access has the potential
to be the breakout leader with their product offering, the Global Product
Suite™,” said Rob Stavis, partner at lead investor Bessemer
Partners. “We believe that the most successful software companies
unite a compelling technology with strong business execution and, given
the significant market opportunity that exists today within the reference
data space, believe Access International is well positioned and uniquely
qualified to leverage these opportunities.”
“This is a tremendous vote of confidence for the Access vision and
our team,” said Jeffry Metter, chairman and co-founder of Access International.
“We are especially pleased to have attracted the quality and depth
of investors that we have in this round. This investment will allow Access
to grow of its business by increasing the product range, management team,
and support organization.” |
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About Access International’s Global Product Suite™
The Global Product Suite™ is designed and implemented as the corporate
product database that drives the processing of a real-time, multi-currency,
multi-entity back office system. Access International’s Global Product
Suite™ is comprised of three real-time application components:
Product Master –
a robust reference application comprising comprehensive product data to
support a global back-office system
Product
Classification – a flexible tool that permits unique views of
product information based on user-defined rules, updated in real-time via
Product Master
Firm Price Management – a powerful
database system for the collection and dissemination of multi-currency product
pricing information
About Access International
Based in Denver and New York City, Access International Financial Services
provides front, middle, and back office support to global market players
using a unique approach to product reference data and back office applications
to clear and settle cross border transactions. Access International provides
real-time, multi-currency application software that delivers straight
through processing (STP) across an enterprise in a consistent, timely,
and cost effective manner.
To learn more about Access International, visit www.access-stp.com.
About Bessemer Venture Partners
Bessemer Venture Partners is a private venture capital firm that carries
on one of the longest-standing venture capital activities in the country.
In 1911, Henry Phipps established what was to become Bessemer Securities
Corporation, BVP's principal limited partner, as an investment firm for
the benefit of his descendants, starting with his share of the proceeds
from the sale of Carnegie Steel. Since its inception, a central component
of Bessemer Securities' charter has been to invest in and help build innovative,
high-growth companies. Some of the companies that Bessemer helped establish
or build in the early days include W.R. Grace, International Paper, and
Ingersoll-Rand.
To learn more about Bessemer Venture Partners, visit www.bvp.com.
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Copyright © 2001-2002, Access International Financial Services, Inc.
All rights reserved. Terms
of Use. |
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