Convertigo raises $4.5 Million with Auriga Partners and begins US deployment

Paris, France– Convertigo (formerly Twinsoft), creator of mashup company solutions, announces the receipt of 4.5 million Dollars in its first round of funding with Auriga Partners. This funding will strengthen the Convertigo team, as well provide for the increased development and adaptation of its commercial structure as requested by its growing customer base. Convertigo is already developing its market share in Europe and will initiate the deployment in the United States. Convertigo was advised by Aelios Finance in this round of funding.

In 2009, Gartner identified mashups enterprise as one of 10 technologies that will profoundly change the design of the company information system in the coming years. Already recognized as a major player of the Enterprise 2.0, Convertigo has the most complete platform for Enterprise Mashup available in the market.

Convertigo Enterprise Mashup Server (C-EMS), the flagship product, gives the agility to companies to revaluate their historical applications and easily combine them with the increasing large amount of information and application processes available on the Internet. Conceived to meet the needs of both skilled and inexperienced users, Convertigo offers a platform to develop Web 2.0 applications simply, quickly and at a lower cost than traditional development, yet are completely integrated into the existing information system of the company. With more than 300 customers including Club Med, BNP Paribas, EDF, Société Générale and Carlson Wagonlits, C-EMS stands out as a strong, successful solution. It addresses the safety and governance requirements of companies and also meets the increasing need to dynamically tie numerous and heterogeneous applications - in particular legacy - with the web.

François le Masne, President of Convertigo and Olivier Picciotto, Founder and Chief Executive Officer, share the same vision that, "The data and processes available on the WEB are booming and it is becoming strategic for companies to master them and to integrate them easily and quickly in order to make their information system an innovative tool that will serve their competitiveness. The support of a recognized partner like Auriga is essential at this stage of our growth as we intend to spread our solutions and knowledge all over the world ". François Lainée, Partner at Auriga Partners adds, "Convertigo is one of the few players in the Web 2.0 who know how to exploit the application heritage of companies. It is a major stake in which the big editors are strongly going to converge. When that happens, Convertigo will very quickly be placed in a strategic position." And to conclude "We were pleased by the quality of the management team of Convertigo as well as by the strong potential for growth of the project."

Auriga Partners
Aelios Finance