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Mark Logic Secures $12.5 Million in Additional Funding(May 26, 2009)
SAN CARLOS, CA -- (Marketwire) -- 05/26/09 -- Mark Logic® Corporation, a leading provider of software for information-centric applications, today announced that it has closed a $12.5 million round of financing, led by Sequoia Capital and including participation from Tenaya Capital.
The capital will be used to fund the company's continued growth in sales channels, international expansion, and new vertical market development. Mark Logic operates in both North America and Europe and has over 150 customers, 120 employees, and 60 partners. Over 450 people attended the company's annual user conference held recently in San Francisco.
"Mark Logic is a strong company, poised for continued growth," said Mark Kvamme, partner at Sequoia Capital. "Mark Logic's combination of unique technology, an exceptional team, and a disciplined go-to market strategy creates the opportunity for it to be a break-out company in the information technology space."
"I am happy to have this opportunity to put additional fuel in the tank to help sustain our high rate of growth," said Dave Kellogg, chief executive officer of Mark Logic Corporation. "We're thrilled to be a leader in the unstructured data management revolution, and look forward to a bright future helping organizations unlock the value that's currently trapped in the 80 percent of enterprise information that is not well handled by traditional systems."
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Wireless Networks, and Jonathan Kaplan of Pure Digital. To learn more about Sequoia Capital visit www.sequoiacap.com.
About Tenaya Capital
Tenaya Capital is a leading venture capital firm with offices in Menlo Park, California and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya became an independent company in 2009. Tenaya manages over $1 billion of committed capital, investing in a wide range of high-growth technology companies in industries including software, consumer Internet, communications, semiconductors, electronics, and cleantech. To learn more about Tenaya Capital go to www.tenayacapital.com.
About Mark Logic Corporation
Mark Logic Corporation is a leading provider of infrastructure software for information-centric applications, serving industries including media, government, software, transportation, and healthcare. Mark Logic was recently named the fourth-fastest growing information technology company in Silicon Valley. The company's award-winning product, MarkLogic Server, is the industry's leading XML server and includes technology protected by multiple US patents. Mark Logic is privately held with investors Sequoia Capital and Tenaya Capital. For more information, to download a trial or community version, or to read the award-winning Mark Logic CEO Blog, go to www.marklogic.com.
Copyright © 2009 Mark Logic Corporation. Mark Logic is a registered trademark and MarkLogic Server is a trademark of Mark Logic Corporation. All rights reserved. All other trademarks mentioned herein are the property of their respective owners.
Jason A. Tidwell
Copyright @ Marketwire
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