Troux Technologies™ Solidifies IT Governance Leadership Through Acquisition of Computas Technology and Award-Winning Metis Products Tweet
Commercial and Government organizations will now be able to create a complete information foundation for IT Governance with a single enterprise architecture management solution
Austin, Texas - (Jan. 14th, 2005) - Troux™ Technologies, the leader in IT Governance software and solutions, today announced it has acquired the Norwegian-based enterprise architecture modeling company Computas Technology, a subsidiary of Computas AS, and its award-winning Metis product suite. The acquisition brings together the best-inclass business architecture modeling capabilities of Computas Technology's Metis product line and its strong U.S. Federal Government and European customer base with Troux's IT Governance System and U.S. Commercial market presence. Global 2000 and Government customers now have a complete information foundation for IT Governance, and a single, world-class provider for Enterprise Architecture Management.
Troux also announced today that it has raised an additional $16 million in funding. The funding was led by current Computas AS investors, including Four Seasons Ventures of Oslo, Eqvitec Technology of Helsinki, and IT Provider of Stockholm. Troux's venture capitalists Austin Ventures and Greylock also contributed to this round.
"Today's acquisition completes a key step of our strategy by providing our customers the ability to link their business architecture and IT infrastructure, and create a complete information foundation for effective IT Governance," said Hank Weghorst, CEO of Troux Technologies. "Our strengths in the Commercial market, combined with Computas Technology's strengths in the Government and European markets, secures our position as the leading company in IT Governance and enterprise architecture management."
With more than 160 Enterprise and Government customers in North America and Europe, including Weyerhaeuser, Warner Bros., Key Bank and Office Depot, Troux becomes the first and only global software provider to offer a complete IT Governance system that links the three key components needed for successful IT Governance, including processes, policies and information:
In addition to product synergies, the acquisition of Computas Technology marks Troux's expansion into Europe, with the first office in Oslo, Norway. Through the acquisition, Troux will add 50 employees, giving the company a total of 130. Approximately 90 employees will be based in Austin, where the company will continue to have its headquarters.
Computas Technology, a subsidiary of Computas AS, is the leader in business architecture modeling solutions for the US Federal Government and European markets. The Metis® Enterprise visual modeling toolset from Computas Technology enables companies to extract more value from enterprise investments in IT technology and personnel by offering visual modeling of complex interrelationships for use in decision support. Metis integrates with legacy applications and can be used by stakeholders in any functional domain, including enterprise architecture, business process modeling, and database, project, portfolio, and business process management.
Worldwide corporate customers include Boeing, NCR, Nextel, T-Mobile, Rolls Royce, EDS, GlaxoSmithKline and BNSF. U.S. federal government customers include organizations in the Departments of Treasury, Commerce, Health and Human Services, and Defense, as well as the Environmental Protection Agency, Food and Drug Administration, and Social Security Administration.
Troux Technologies (pronounced "True") is the leader in IT Governance software and solutions. Troux is the only company that provides a complete end-to-end baseline of both business and IT architectures, providing the visibility necessary for CIOs and executives to manage the business of IT. A well-established base of leading Fortune 500 customers in financial services, insurance, telecommunications, manufacturing, consumer goods and pharmaceuticals are using the Troux platform and solutions to eliminate unnecessary costs, improve IT infrastructure/business alignment, minimize business and operational risk, and increase business value. For more information on the Troux platform and Troux solutions, please visit www.troux.com, or call Troux Technologies at 512-536-6258.
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