July 27, 2004
Contact:
Mark Juliano
The Haley Enterprise, Inc.
mjuliano@haley.com
800-233-2622
412-741-6420
Pittsburgh, PA – July 27, 2004 – The Haley Enterprise, Inc., a technology leader in business rules and process management, announced today it recently closed a $5.5 Million Series A round of venture capital funding. The Series A round was led by Pequot Ventures, with participation from Draper Triangle Ventures, LP, and PA Early Stage. Haley will use the investment to expand sales and marketing in the rapidly growing business rules and process management market, and to assist with the ongoing development of the company's innovative and technology-leading software products.
"Haley is on the leading edge of how we see businesses operating in the future," said Larry Lenihan, Managing General Partner of Pequot Ventures. "Moving forward, business agility and competitive advantage will be gained when business people can easily access, modify and leverage their information technology (IT) resources. Haley is enabling that change, and is endorsed by the market as shown by its ongoing revenues from Fortune 1000 customers."