November 26, 1996 1:30 PM ET
$8.6M in VC funding fuels telecom startup helmed by Sybase veterans
By Maria Seminerio

  Venture capitalists including Crosspoint Venture Partners and Sevin Rosen Funds and IT companies including Informix Technologies Inc. have contributed $8.6 million to launch Softwire Corp., a telecommunications software developer headed by a group of former Sybase Inc. managers.

Softwire, founded in February by former Sybase director of messaging technologies Allan Lees, plans to roll out its first products by the end of second quarter in 1997. The company is working on a real-time, fault-tolerant development environment for building links between mission-critical applications and network elements, including RDBMSes and object-oriented database managers, officials said. Lees serves as president and CEO.

Co-founders of Softwire include chief technology officer Dan Sifter, formerly the chief architect of Sybase's Connectivity Products Group, and George Timmes, former vice president of Sybase's telecommunications business group.

Privately held, Softwire is based in Larkspur, Calif.

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