NEW YORK, Jan. 4, 2005 (PRIMEZONE) -- XMPie(R), the award-winning software provider for dynamic publishing, today announced the completion of a $5.5 million round of expansion financing from international venture firm JVP. XMPie also named Eyal S. Goldwerger as its new chief operating officer, who will lead the company's global business development, sales and marketing activities.
"Eyal brings to XMPie a unique strategic perspective and invaluable experience in developing and deploying technologies that facilitate highly targeted consumer marketing," said XMPie CEO and Founder Jacob Aizikowitz. "The capital infusion of this round and expanded executive team perfectly position us to continue our rapid sales growth, while further investing in our technology and product line enhancements."
Over the last year XMPie has experienced 300% growth in global sales for its flagship dynamic publishing software, PersonalEffect. The current investment round will allow XMPie to bolster its global sales and support operation in response to increasing customer demand.
"XMPie is enjoying rapid growth by working closely with select channel partners such as Xerox, Adobe, and Fuji Xerox across North America, Europe and Asia. Our continuous collaboration with our channel partners offers our customers superior access to both products and services, including exceptional pre- and post- sales support," said COO Eyal Goldwerger.
Most recently, Eyal served as executive vice president, Consumer Products and Distribution at WhenU, a leading online marketing company, where he ran global distribution and product development, contributing to its rapid growth. Previously, he was Founder and CEO of GoCargo.com, an Internet-based trading system for container shipping capacity that was the leading, global B2B platform of its kind. Prior to GoCargo.com, he was a management consultant at the Boston Consulting Group in New York. Eyal is a graduate of Tel Aviv University School of Economics and holds an MBA from INSEAD.
"By expanding their geographic reach, sales team and key relationships with technology giants such as Xerox and Adobe, XMPie is on course to dominate the dynamic publishing market," said Allon Bloch, general partner with JVP. "We look forward to their continued success and innovation in the future."
About XMPie
XMPie Inc. is the leading provider of software for dynamic publishing. Its award-winning PersonalEffect software helps businesses get the increased responses of 1:1 marketing by making it efficient to design and produce highly personalized communications, in any media on demand. XMPie bridges design, data and printing functions to enable highly relevant marketing that increases responses while building stronger and more profitable customer relationships. XMPie is a privately held company headquartered in New York with operations in the US and Israel. For more information on XMPie, visit www.xmpie.com.
About JVP
JVP is a leading Israeli venture capital firm focusing on investments in early stage companies in the enterprise software & networking, semiconductors & components and communications & mobile infrastructure sectors. With over $680 million under management, and offices in Jerusalem, New York, London and Tokyo, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets. To learn more about JVP, visit www.jvpvc.com.