News: Portfolio 2004

Haley Secures Funding to Advance Leading Position in Business Rules and Process Management Market

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Haley's customers include Adobe, AT&T, Corporate Systems, Cigna, IBM, Medco Health Solutions, NCR, One Beacon Insurance, and various government organizations.

"The market opportunity is large and continually expanding," commented Mark Juliano, President and CEO of Haley. "This round of financing now gives us the ability to fully participate in that market opportunity and move the business forward." He continued, "I am very pleased with our ability to attract significant financial and board representation from leading venture capital firms."

"Haley has technology-leading products with proven abilities to help large enterprises -- and application software vendors -- reduce the cost of operations while optimizing revenues," said Rob McCord, Managing Director and cofounder of PA Early Stage. "We know the Series A funding will fuel sales and marketing of already-proven products."

Draper Triangle's Don Jones sees the venture investment as enabling a seasoned management team led by Mark Juliano, the new President and CEO, and Paul Haley, founder, Chief Technology Officer and Executive Vice President. Don said, "Mark Juliano brings significant entrepreneurial expertise to a successful firm that has been led for years by Paul Haley, who has grown the firm on his technical expertise and innovation. We believe in this team."

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