[email protected] Gets $1 Million in Venture Capital

To bring its next-generation OLAP client software products to market and expand research, development, marketing, and sales initiatives, [email protected] Inc. secured $1 million in seed funding from Celtic House International, a venture capital fund that provides seed equity to start-up information technology companies in Europe and North America. "Microsoft's entry into the OLAP database market with SQL Server 7.0 has presented [email protected] with an opportunity to quickly establish \[itself\] as the leading provider of embedded analysis tools based on this . new technology," says Andrew Waitman, Celtic House general partner. In June 1999, [email protected] launched [email protected] for Excel version 1.2, which transforms Microsoft Excel into an OLAP analysis tool that utilizes users' existing spreadsheet knowledge and speeds OLAP adoption and deployment times.

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