The funding round was led by Pequot Ventures, with previous investors Bessemer Venture Partners, Globespan Capital Partners, Mayfield, and Symphony Technology Group all participating in the round.
This brings the total funding in the company so far to $39 million. In August 2000, it received $10 million in Series A funding and then in July 2001 it received $17 million in Series B.
The new round of financing will allow Trigo to meet growing global demand for its products and services. The proceeds of the round will be used to accelerate the development of new products and to expand its sales, marketing, development and alliances organizations.
Trigo is currently profitable and cash flow positive. It’s partnership deals with IBM Corp [IBM], IBM Global Services, UCCnet (a subsidiary of the UCC United Code Council – UCCnet is the North American standards organization responsible for driving standards and adoption of global data synchronization in the US), and global data synchronization services provider Transora, are big growth drivers for the company.
The Brisbane, California-based company was founded three and a half years ago and employs 125 people around the world. It has five offices in the United States, as well as offices in the Netherlands, France, Germany and the UK. It also has an Indian development center, which is an outsourced operation.
It revealed that 25% of its business is done in Europe, with the rest in the United States, barring a small portion in Asia Pacific. Its customers are primarily large retailers, manufacturers and distributors, including Albertsons [ABS], Buhrmann [BUH], Corporate Express [CXP.AX], Hewlett-Packard [HPQ], and Pinault [PRTPq.L].
The Trigo product center helps companies create and manage a central ‘golden source’ of comprehensive information about the products and services they make, distribute or sell.
Companies then integrate this information into their internal operational systems, use the information to provide better customer experiences, empower their employees with more complete, accurate information, and synchronize product information with their trading partners.
This article was based on material originally published by ComputerWire.
