Application coordination pioneer Choreology secures a further $4.5 million investment by Atlas Venture

Contact: Katy Birch
Choreology Ltd.
+44 (0)870 739 0056
katy.birch@choreology.com

Thursday, 29 May, 2003, London: Choreology Ltd, the application coordination software company, announces a $4.5 million funding agreement with Atlas Venture. This is in addition to an initial investment of $3 million by Atlas Venture, announced in July 2002, and founder and angel funding of $1million.

Choreology, founded in January 2001 by a group of worldwide experts in the field of distributed transaction management, is developing business transaction management software for application coordination. Many of the company's staff have substantial experience in delivering sophisticated distributed computing solutions in organizations across a broad range of industries.

Cohesions 1.0 is a Coordination Service that enables the synchronization of update operations spanning multiple applications. Business processes using Cohesions 1.0 benefit from application-level consistency, and automated completion of business transactions, even in the event of failures. Cohesions 1.0 implements Business Transaction Protocol 1.0 and WS-Coordination+Transaction. Cohesions 1.0 works in the native Java environment and also integrates with several leading Web Services toolkits.

"Cohesions 1.0 is the first product to make application coordination and transaction management a reality in today's heterogeneous enterprise." said Alastair Green, CEO and co-founder of Choreology. "Atlas Venture's continuing support of the company reflects a growing recognition of the need for a reliable coordination solution in product form. Our product works with existing deployed applications as well as the growing web services and grid environments."Atlas Venture Principal, Christopher Spray, added: "Since our initial investment, Choreology has released its product and hired product management, sales and marketing teams. The company has created significant momentum in its initial target business sectors of financial services and telecommunications. We are pleased to continue our involvement with the company through the next phase of its growth, which we expect to be rapid and substantial."

ENDS