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RealTime IT News

Captura Allies With EDS For Hosting, VC

EDS , the Plano, Texas-based provider of hosting services and Captura Inc., which delivers total expense management services, today announced an alliance to offer their clients an expense management solution designed to boost employee productivity and reduce the cost of employee expense management.

Under terms of the agreement, EDS will provide application hosting, systems integration, systems management and business process outsourcing services to support Captura's expense management software.

In a separate agreement, Captura announced today that EDS Ventures has provided funding for the growing company. The value of the investment was not disclosed but the EDS investment makes a total of $20 million raised by Captura so far in its second round of funding.

"Captura is excited to have EDS as an alliance partner, global hosting provider and investor," says Captura CEO Dan Vetras.

"As an investor, EDS understands the strong value Captura brings to the expense management market and its potential for long-term success. This is an excellent fit that we expect to benefit both companies for a long time to come," he continues.

Captura says it is in the process of migrating most of its hosted customers to EDS data centers. EDS manages approximately 50,000 servers in 140 company-owned and client-owned data centers.

"Captura and EDS present a compelling combination for delivering a cost effective, reliable and scalable total expense management service," says Bob Austrian, managing director, Banc of America Securities.

"This is a significant technology alliance that will further application service provider acceptance by large enterprises," he adds.

Says John Wilkerson, president of EDS Global Alliances and Indirect Market Strategies: "Captura continues to build an impressive Global 2000 client base, and EDS is pleased to become an alliance partner and an investor in this exciting and growing company."

Founded in 1994 and headquartered in Kirkland, WA, Captura customers include adidas America, Booz-Allen & Hamilton, Compaq, Ericsson, Ford Motor Company, General Motors, Hewlett-Packard, Leo Burnett and Merrill Lynch.