понедельник, 27 февраля 2012 г.

The Aurora Funds, Inc. Invests in FORESIGHT Corporation.

Business Editors, High Tech Writers

RESEARCH TRIANGLE PARK, N.C. & COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 30, 2000--

Research Triangle Park, NC-based venture firm invests in XML-based

Internet application integration company (or "B2B integration")

The Aurora Funds, Inc. today announced an investment in FORESIGHT(TM) Corporation, a leader in the Internet Application Integration (IAI) market.

Aurora, along with co-investors River Cities Capital of Cincinnati, Core Capital Partners of Washington D.C. and Fountainhead Capital Investment Partners of Chicago, provided FORESIGHT its initial round of institution funding of $6 million.

FORESIGHT provides web-based solutions that enable companies of all sizes and complexities, as well as government agencies, to extend their web applications and their legacy enterprise business systems utilizing XML and their other proven B2B integration techniques. These advanced capabilities provide cost-effective systems integration, as well as significantly measurable ROI for FORESIGHT's customers and their respective trading partners. FORESIGHT's unique mapping technology simplifies the move to Internet-based applications yielding record-breaking conversions for their business partners.

The company's core product, TradeSite(TM), has rapidly gained acceptance with over two-dozen global companies having implemented TradeSite(TM) to support their internet-based selling, procurement, and logistics initiatives. Customers include Dell Computer, Mellon Bank, Honeywell and General Electric.

"FORESIGHT's suite of products allow Fortune 1000 companies to dramatically extend the functionality of their current enterprise systems and to rapidly integrate them with both large and small trading partners across heterogeneous applications and platforms. The fact that over 30 companies already have implemented FORESIGHT's solution validates the tremendous market need for their technology," stated Rich Brown, a principal at Aurora.

"With our technology leadership and funding in place, FORESIGHT is now in a position to penetrate the IAI marketplace much more aggressively," said Bob Fisher, president and CEO of FORESIGHT. "We are poised to assist businesses in creating their own `technology roadmap' that respects their capital investments in their legacy systems."

About The Aurora Funds, Inc.

The Aurora Funds, Inc. is a family of venture capital funds focused on early-stage technology-based software, mobile Internet, and life science companies primarily in the southeastern US. Aurora has assembled a unique investment team with first-hand operational and entrepreneurial experience that actively partners with entrepreneurs to build companies. Aurora's portfolio consists of over 25 companies, including Alerts.com, Blackboard, Haht Commerce, InterAdNet, Technauts, Xanthon, Cogent Neurosciences, and Virologic (NASDAQ: VLGC). The firm is headquartered in Research Trainable Park, NC, and has offices in Tyson's Corner, VA and Birmingham, AL. For more information, contact Pam Newton, (919) 484-0400, ext. 103; pam@aurorafunds.com or visit the firm's web site www.aurorafunds.com .

About FORESIGHT Corporation

Based in Columbus, Ohio, FORESIGHT is an emerging leader in B2B integration technology. The company's flagship product, TradeSite(R), allows companies to extend their enterprise systems cost-effectively to the web. TradeSite web-enables both legacy and new IT investments - while improving ROI and flexibility. By deploying TradeSite, FORESIGHT's customers quickly extend the reach of existing applications using Internet-based technologies such as XML and HTML. More than 30 leading companies have successfully implemented TradeSite as early adopters to support internet-based selling, procurement, and logistics. Customers included Dell Computer, Mellon Bank, Alcatel, Federated Department Stores, Hong Kong Shanghai Bank, Circle International, Advanced Micro Devices, iVendor, Honeywell, General Electric, and Visa International. For more information visit the company web site at www.foresightcorp.com or call Dave Owens at 1-888-500-0800.

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