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Provider of AJAX Development Platform Helmi Technologies Secures $2.5 Million in Funding

August 30, 2006; 02:52 AM
Helmi Technologies, Inc., a provider of an Ajax-based development platform for building browser-independent rich Internet applications (RIAs), announced that it has secured $2.5 million in additional funding. The lead investor for the current round is Conor Venture Partners, a leading Finland-based early-stage technology venture capital firm.

Joining Conor Venture Partners are The Finnish Industry Investment (TESI) and private investors from Helmi's previous round of financing. Helmi Technologies will use these funds primarily to maximize growth in the newly opened U.S. offices and to further develop its browser-independent RIA platform. In connection with Helmi's financing round, George Adams, CEO of SSH Communications Security, Inc., and Esa Parjanen, CEO of International Business Systems Nordics and former VP of SAP Nordics, were invited to and have joined the Board of Directors.

"We are delighted to have obtained additional funding to help us attain our aggressive growth goals and expand our U.S. presence," said Juho Risku, CEO of Helmi Technologies. "The funding validates our direction and enables us to quickly spread the word about our superior user interface technology."

"We believe Helmi's Ajax-based RIA platform will be valuable to enterprises developing their next generation RIAs and web services," said Sami Ahvenniemi, Chairman of Helmi Technologies and Partner at Conor Venture Partners. "Because it was designed from the ground up to allow Java engineers and UI designers to easily collaborate, enterprises will be able to quickly and cost effectively implement best-of-breed Web 2.0 applications and services."

Helmi Technologies' object oriented development platform enables developers to effectively create rich, high performance and highly interactive web applications by leveraging their existing development skills and development environments, such as Eclipse and JBoss. The platform enables companies to slash development time by 50 percent, significantly reduce costs and speed time to market.

Helmi Technologies announced on August 22, 2006 that it opened new offices in Silicon Valley. Helmi's Silicon Valley presence will now become the company's base to better serve its U.S. customers.

About Helmi Technologies

Helmi Technologies is the only product company focused on providing an Ajax-based development platform that employs patented technology for building browser-independent rich Internet applications. Helmi's RIA Platform works with existing development tools such as Eclipse and JBoss and allows web developers to create web applications that provide rich and highly interactive user experiences. The platform enables companies to slash development time by 50 percent and significantly reduce costs. The U.S. office of Helmi Technologies is in Mountain View, Calif. and global headquarters is in Oulu, Finland. For more information, visit http://www.helmitechnologies.com/ .

NOTE: Helmi Technologies is a trademark of Helmi Technologies, Inc. All other registered or unregistered trademarks are the sole property of their respective owners.

CONTACT: Anders Steele of FortyThree, Inc., +1-831-706-2722,
[email protected], for Helmi Technologies, Inc.
Web site: http://www.helmitechnologies.com/



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