Systinet Secures Seed Financing

Systinet, a Cambridge, Mass., maker of Web services infrastructure software, has raised $2.3 million in seed-round
financing for product development and sales and marketing.

Windcrest Partners was lead investor. 3TS Venture Partners, Robin Neustein, and entrepreneur Esther Dyson also participated in backing the privately
held startup.

“Enterprises struggle to deal with an increasingly complex IT infrastructure that can’t keep pace with dynamic business requirements,” said Roman Stanke,
Systinet’s founder and CEO. “Web Services offer a solution by making it possible to integrate heterogeneous technologies and systems over the network and to
create new applications and business processes on the fly.”

Stanek is perhaps best known as the creator of NetBeans, a software development platform, which he sold to Sun

In conjunction with receiving new capital, the company has opened its headquarters, and has changed its name from Idoox.

“Systinet has created a solid technology platform, and has assembled a proven management team to back it up,” said James Gellert, of Windcrest Partners.
“We look forward to working with the company as it grows and develops.”

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