SAN CARLOS, CA -- 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 are 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.
Contact:
Jason A. Tidwell
Corporate Communications
Mark Logic
510-378-5280
Email Contact
