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RealTime IT News

Agari Lands $5 Million

Agari Mediaware, Inc., which develops enterprise content application integration middleware, has completed a $5 million funding round led by Safeguard Scientifics, Inc. . The financing brings the most venture capital round to $10 million. The investment will be used to continue the expansion of sales and marketing, fund product development, and provide support for the company's customer base.

To date, the company has raised more than $18 million in total financing.

The Herndon, Va.-based Agari's Media Star enterprise content application integration platform turns applications into federated web services so employees can access them from anywhere on the network.

"Agari is redefining the way that enterprises work with content-intensive applications," said Anthony Craig, president and chief executive officer (CEO) of Safeguard. "Agari leads the market for enterprise content application integration solutions and we are excited about their growth opportunities."

The Agari solution connects together enterprise content that is managed by distributed applications yet still allows departments to select best-of-breed applications, maintain content ownership, and create personalized, role-based metadata. Agari's products allow IT departments and system integrators to eliminate custom application-to-application programming and reduce the time, cost, and risk in building enterprise content systems.

"Agari and Safeguard share the same vision for the next generation of integration solutions - those that incorporate both structured and unstructured data," said Tom Magazzine, president and CEO of Agari Mediaware. "The closing of this round of funding is further validation that Agari is well positioned for continued leadership in the content middleware market."

Safeguard is an operating company that seeks to create long-term value by focusing on technology related companies that Safeguard develops by providing operations and management support. Safeguard acquires and develops companies in three principal areas: business and IT services, software and emerging technologies.