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Gwen Dille
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gwen.dille@vantos.com
VANTOS SECURES $10.6 MILLION IN SERIES B FUNDING
Product Innovations, Customer Demand Fuel VANTOS’ Growth in the Enterprise Investigation Management Market
Seattle, WA – June 4, 2008 – VANTOS, Inc., the global leader in the enterprise investigation management market, today announced it has closed its Series B funding by raising $10.6 million. The funding was led by Fluke Venture Partners, a pre-eminent investment firm in the Pacific Northwest with deep roots in technology innovation. With this investment, VANTOS also announced the appointment of Kevin Gabelein, Managing Director at Fluke Venture Partners to its Board. Existing investors, OVP Venture Partners and Outlook Ventures, also participated in the round.
“VANTOS has the opportunity to be the 'Remedy' of the Enterprise Investigation Management space,” said Lucinda Stewart, Managing Director, OVP Venture Partners. “Just as Remedy noticed a massive swell in volume and complexity of help desk ticketing and, at the right time, brought to market an end-to-end management workflow suite that dominated the industry, VANTOS is seeing this same opportunity in the Enterprise Investigation Management space. Managing, processing and organizing investigations using something as basic as spreadsheet tools is no longer an option given the new compliance-laden world in which we live. VANTOS is grabbing the opportunity, helping their clients reduce their risk exposure by compressing time and lowering both direct and indirect costs for all types of investigations.”
Blue-chip clients have embraced VANTOS V-Flexim, putting it at the core of their investigation management strategy.
“VANTOS is responding to an urgent and profound business need to bring investigations under control,” said Tom Spadafore, President and CEO of VANTOS. “Over the last two years, we were focused on driving innovations in our V-Flex platform and the V-Flexim product for Enterprise Investigation Management. This Series B investment will help us accelerate sales, deliver best-of-breed customer experience, expand our strategic partner ecosystem, and further strengthen our Automated Investigation Playbooks as an industry standard.”
VANTOS Automated Investigation Playbooks provide enterprises incomparable ease and flexibility in codifying essential practices, which, for the first time, enables stakeholders to manage investigations with consistency and repeatability, the key requirements for audit and defensibility. V-Flexim ships with a number of Playbooks that customers can use right out of the box, and new Playbooks are being created daily in response to customers’ investigative needs.
“VANTOS delivers on all of the success factors we look for when searching out new investment opportunities: a new and fast growing market, innovative technology, fresh approach, and a seasoned executive leadership team,” said Kevin Gabelein, Managing Director, Fluke Venture Partners. “We look forward to working with the VANTOS team as they continue to arm its growing customer and partner base with the industry’s only Comprehensive System of Record for Enterprise Investigation Management.”
For more information about VANTOS investors, please visit: Fluke Venture Partners, OVP Venture Partners and Outlook Ventures.
About VANTOS
VANTOS is recognized as the global leader in the Enterprise Investigation Management market. V-Flexim Comprehensive System of Record manages all physical and digital violations and criminal investigations. VANTOS automates investigations with repeatable, auditable, defensible and recoverable results, delivering rapid economic justification to all stakeholders across the enterprise. VANTOS is in use by world-class customers and has already proven to accelerate insight into their risks, reducing time and costs of their investigations. VANTOS is headquartered in Seattle, Wash. and can be found online at www.vantos.com.
