Rich May: News
February 15, 2007
Rich May Client, Trident Capital, invests in SeaTab Software,
Inc., a leading developer of enterprise-grade, on-demand business
intelligence solutions
SeaTab Software, Inc., a leading developer of enterprise-grade,
on-demand business intelligence solutions, today announced $3.5 million
in new funding. Trident Capital led the round, with private investors
also participating. SeaTab intends to use the new funding to accelerate
its sales, marketing and product development efforts. The company will
also use a portion of the new funds to repurchase shares previously
held by Novell, an early investor in SeaTab.
Rich May, a Professional Corporation, a Boston business law firm,
represented Trident Capital, a national venture capital and private
equity firm focused on investments in business services, information
services and software sectors. Stephen M. Kane and Robert P. Tedesco
led the Rich May team on this engagement.
About SeaTab Software, Inc.
SeaTab Software is a leading developer of enterprise-grade, on-demand
business intelligence solutions for companies operating in dynamic
environments. SeaTab’s PivotLink BI puts the full power of Business
Intelligence in the hands of people who need it, with tailored
environments for each user – from CEOs to rank-and-file employees, from
vendors to customers. And SeaTab’s unique, self-directed analytics
capabilities provide these users with complete analytical freedom
without requiring IT involvement. PivotLink BI is a Software as a
Service (SaaS) solution that is typically deployed in under 30 days,
seamlessly integrates data sets from multiple sources, dynamically
accommodates changes in business operations and provides the industry’s
fastest query response times – even for the most complex, ad hoc
queries. SeaTab Software was founded in 1998 and now provides Business
Intelligence Solutions to nearly 12,000 companies, including such
well-known brands as REI, Concur, Zones, Car Toys, Wireless Advocates
and Novell. For more information please visit www.seatab.com.
About Trident Capital
Trident Capital is a leading venture capital and private equity firm
with over $1.5 billion of capital under management, including $400
million raised in its most recent fund, Trident Capital Fund VI.
Trident’s core investment focus has remained consistent since inception
in 1993. Trident focuses on investments in the business services,
information services and software sectors across a variety of
industries. Within its sector focus, Trident invests across multiple
stages, including traditional venture capital investing as well as
investments in micro-cap public companies, buyouts and consolidation
platforms. The firm has made over 120 investments since inception.
Trident has investment offices in Palo Alto, Calif. and Westport, Conn.
For more information, visit the firm’s website at www.tridentcap.com.
About Rich May
Rich May’s diverse practice embraces the organization and operation of
business ventures, venture capital, private placements, hedge funds,
public offerings, technology licensing, mergers and acquisitions,
contracts, joint ventures, internet and e-commerce law, employee
relations, intellectual property, litigation and dispute resolution,
energy, telecommunications, public utilities, wealth planning and real
estate. Rich May provides superior legal and strategic counsel through
its extraordinary commitment to clients’ success, outstanding
professional competence and straightforward ability to communicate.
Rich May embraces an entrepreneurial spirit and maintains a mission
execution culture that distinguishes Rich May from other law firms.
Rich May combines the stability and experience of one of Boston’s
oldest preeminent law firms with the innovative spirit and energy of a
venture catalyst intensely focused on serving high-tech entrepreneurs,
emerging companies and investors in New England and throughout the
United States.
For more information, visit www.richmaylaw.com.
