Ravenflow Secures $6 Million in New Funding

Alloy, Palomar, and Roda Join New Round of Funding for Innovative Provider of Business Requirements Definition Software

EMERYVILLE, Calif. Ravenflow, the leader in Business Requirements Definition™, today announced that it has secured $6 million in a new funding round by existing investors Alloy Ventures, Palomar Ventures, and the Roda Group.

“In this difficult economic climate, only the best technology ventures get funding,” said John Shoch, partner at Alloy Ventures. “Ravenflow’s customers consistently report compelling ROI from their deployments of RAVEN. In the last year we have seen some of the most prestigious companies in the world move from specific project usage to large global rollouts of RAVEN.”

“Ravenflow enables companies to gain better insight, clarity, and quality in their process improvement and application development projects,” said Susan Boers, president and CEO of Ravenflow. “This new round of funding confirms the confidence that our investors have in our product and business model.”

Ravenflow will be deploying the new funding immediately, opening new offices in Reston, Virginia as well as Raleigh, North Carolina. In addition, Ravenflow has just announced the opening of its online store, enabling customers to try and buy its award-winning RAVEN software and its new entry-level product, RAVEN Express, from the Ravenflow website at www.ravenflow.com.

About Ravenflow

Ravenflow is the leading provider of business requirements definition software that allows companies to gain better insight, clarity, and quality in their process improvement and application development projects. Leveraging a uniquely business-driven and process-based approach, Ravenflow transforms requirements definition by empowering business analysts to rapidly produce clear specifications of their business process workflows, business use cases, and business application needs. Ravenflow recently was named the fastest growing company in the Requirements market, received the 2009 Jolt Award for Productivity, and was selected as a Gartner “Cool Vendor in Application Development.”

All products mentioned in the release are trademarks or registered trademarks of Ravenflow. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.

Source: Ravenflow