KXEN (Now part of SAP) raises $10m
Transaction managed by Clipperton Finance
Motorola and XAnge Capital have made strategic minority investments in KXEN as part of a recently closed round of equity financing
San Francisco/London, October 25, 2004 – KXEN, a leading supplier of predictive and descriptive analytic software solutions, today announced a series C funding, led by XAnge Capital and Motorola. With KXEN, customers can elevate their strategic business decision making to another level by building reliable predictive models in a matter of hours, rather than weeks or months. KXEN’s existing investors, Innovacom, Sofinnova Partners and Sofinnova Ventures, also participated in the round, with Roger Haddad, KXEN’s co-founder and CEO.
For this transaction, KXEN was advised by Clipperton Finance, a corporate finance boutique focused on the high tech and media sectors.
KXEN provides next generation business analytics software to drive better corporate decisions. KXEN’s unmatched speed, ease of use and scalability enable leading companies around the world to expand the use of predictive analytics and enhance corporate performance. Based on breakthrough mathematical theory, KXEN’s products offer reliable predictions and deep insight for achieving critical business goals. The company partners with leading systems integrators and software vendors to integrate advanced analytics into enterprise applications and business processes. Founded in 1998, KXEN is headquartered in San Francisco, California, with offices in the USA, UK, and France, and distributors throughout the world. Visit the KXEN Web site at www.kxen.com
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.