New Company Secures Funding and Proves Innovation is Not Dead
Menlo Park, CA - June 2, 2003—Above All Software, founded and led by Roger Sippl, provides software that helps companies take advantage of the unprecedented access to corporate information available through Web services. Leading venture firms JPMorgan Partners, Adobe, Granite Ventures and SipplMacdonald Ventures invested $6.5 million in Above All Software while the company was in "stealth mode" in 2002. The company announced the beginning of its beta test period today.
One of the biggest problems in corporations today is that while millions of dollars have been invested in enterprise software, each application is a separate entity, housing its own business logic and information. Companies are still struggling with how to transact with multiple related systems in an easy and cost-effective way. Web services, if harnessed properly, can make these interactions easy, and change the way we all work.
"While Web services have been discussed excitedly for a couple of years now, the true power of what these enterprise 'software robots' provide has not been tapped," said Roger Sippl, CEO of Above All Software. "When business users can directly take advantage of these services there will be a significant productivity impact. The situation is similar to the relational database management revolution of the 1980's. At the time, the relational database made tables of data available on-line and provided easy to understand tools for information workers to integrate information together from multiple tables. Today, our new 'Application Browser' provides that same interactive access, but this time allows workers to relate together whole chunks of business logic from major applications."
Above All Software provides the first technology of its kind, letting anyone in the organization build new applications with point-and-click ease. The result is that organizations can now respond immediately to changing business requirements without the long and costly software acquisition, integration or development lifecycles.
Using Above All Software's AppBrowser™, any user within the organization intuitively searches for business logic exposed as a Web service or other callable interface such as a database stored procedure. Users then easily assemble together just the functions they need, creating instant and functional applications that help them interact with the information they need to do their jobs better. Because these new applications utilize already proven enterprise applications and legacy systems, they are higher quality, less costly and more quickly developed than alternative approaches to integration. Costs are further reduced because applications are assembled and not coded, requiring less specialized technical skills and involves no programming.
"The Web services Service Oriented Architecture (SOA) really is the 'next big thing', and we invested in Above All Software because they leverage that infrastructure and actually make it useful directly by the business users. They are the 'last mile' of the SOA solution delivery system." said Tom Furlong of Granite Ventures. "Also, since Roger is one of the few Silicon Valley executives to have won the 'Hat Trick Award' from JP Morgan's Cristina Morgan for taking three companies public, we knew he would build a terrific team."
Led by Mr. Sippl, Above All Software has attracted a proven and seasoned executive team, averaging more than 17 years of operating experience, from companies such as Informix, The Vantive Corporation, BroadVision, Oracle, MarketFirst, Visigenic and Baan. Above All Software's executive management team includes Gino Padua, VP of Sales and Business Development; Chris Maloney, VP of Research and Development; Tommy Hawkins, VP of Partner Engineering; and Deborah Scharfetter, VP of Product Marketing.
Roger Sippl is a well-known innovator of enterprise software. Mr. Sippl founded Informix and Visigenic Software and co-founded of The Vantive Corporation. All three companies founded by Mr. Sippl traded publicly and were successfully acquired: Informix by IBM, Vantive by Peoplesoft and Visigenic by Borland. Vantive was one of the first client/server packaged software companies, pioneering repository-based architectures and Customer Relationship Management (CRM) solutions. Visigenic Software was one of the first application server companies, pioneering the concept of sharable server-based business logic. In addition, Mr. Sippl has invested through his venture firm, SipplMacdonald Ventures, in leading companies such as Illustra, BroadVision, SupportSoft and Red Pepper Software. SupportSoft and BroadVision are publicly-traded standalone companies.
The Above All Software board of directors is comprised of Sippl, Furlong and Buck French from JP Morgan Partners. Mr. French was the founder of OnLink Technology, now part of Siebel Systems.
AppBrowser is currently available through a beta program. Above All Software is proud to participate in the upcoming DCI Real-Time Enterprise conference in Chicago on June 10th through 12th. Information about the DCI conference is available online at www.dci.com.
About Above All Software
Above All Software is pioneering point-and-click software that enables the rapid assembly of composite applications that are based on existing information resources such as enterprise applications, legacy systems and database procedures. With no programming and no changes to existing systems, both business and technical users can assemble solutions that integrate critical business functions like sales, finance and manufacturing. Above All Software is based in Menlo Park, California and backed by a leading group of investors that include JPMorgan Partners, Granite Ventures, Adobe and SipplMacdonald Ventures. More information about Above All Software is available online at www.aboveallsoftware.com.
Above All Software