Aventeon Closes Financing Round; Syndicate: 3i, TVM and Intel Capital
Summary
Our goal is to increase customer satisfaction, drive revenue growth, and reduce administrative and communication costs to an amortization timeframe of less than one year," noted STS Prasad, President of Aventeon and head of the US based development team. Joern Pelzer, Investment Director of the lead-investment firm 3i, notes, "Aventeons vertical industry-specific solutions, with interfaces to the important back-end software such as SAP, Siebel and Navision, can be installed efficiently and very cost effectively. According to Christian Claussen, General Partner with co-lead investor TVM, "Aventeons key differentiators are that a specific mobile Workflow can be structured, defined and supported by the end user." The core competence of the company is the development of software applications and middleware that are designed to streamline processes that connect mobile client device users with the heavy back-end ERP systems of their organisations. Aventeon collaborates with leading players in the mobile value chain including Intel, Vodafone, KPN, Cap Gemini Ernst & Young, Atos Origin or Symbol Technologies.
