Wisor Closes Third Round of Funding at $10 Million

SAIC Venture Capital Corporation Leads Funding With Strategic

$8 Million Investment



Apr 30, 2001, 01:00 ET from Wisor

    ROCKVILLE, Md., April 30 /PRNewswire/ -- Wisor, an innovative developer of
 Service Order Management solutions for next generation communications
 providers, announced today the closure of its third round of funding at US $10
 million.  SAIC Venture Capital Corporation extended the presence of its parent
 -- Science Applications International Corporation (SAIC) -- in the
 telecommunications marketplace by leading this funding round with an
 investment of $8 million.  Existing investors continued their support with a
 total of $2 million.
     Wisor also announced agreements with Daleen Technologies and Granite
 Systems, two other investments of SAIC Venture Capital Corporation last year.
     The Wisor Service Management Solution(TM) (SMS) Suite uses a patent-
 pending workflow engine that automates and directs the order management
 process at the service management layer, unifying a suite of software modules
 for pre-order support; design, order, and trouble ticket management; and
 multi-vendor interconnection.  These software modules can be purchased
 individually, allowing communications providers to choose only those functions
 that they need.
     "The continued support of our existing investors gives us support and
 validation that we are making smart business decisions," remarks Vaikunth
 Gupta, CEO of Wisor.  "And, a large investment from SAIC Venture Capital
 Corporation gives us confidence that strong industry leaders see value in our
 product."
 
     About Wisor
     Wisor (http://www.wisor.com ) is focused on delivering highly scalable
 operation support systems to telecom providers supplying services over a
 complex network.  The company's flagship product, the Service Management
 Solution(TM) (SMS) Suite, is a complete and innovative service ordering and
 provisioning system that provides Integrated Communications Providers (ICPs)
 with the critical technology necessary to enter, adapt and prosper in today's
 competitive telecommunications market.  Wisor is headquartered in Rockville,
 Md., with a development center in Bangalore, India.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03366133
 
 

SOURCE Wisor
    ROCKVILLE, Md., April 30 /PRNewswire/ -- Wisor, an innovative developer of
 Service Order Management solutions for next generation communications
 providers, announced today the closure of its third round of funding at US $10
 million.  SAIC Venture Capital Corporation extended the presence of its parent
 -- Science Applications International Corporation (SAIC) -- in the
 telecommunications marketplace by leading this funding round with an
 investment of $8 million.  Existing investors continued their support with a
 total of $2 million.
     Wisor also announced agreements with Daleen Technologies and Granite
 Systems, two other investments of SAIC Venture Capital Corporation last year.
     The Wisor Service Management Solution(TM) (SMS) Suite uses a patent-
 pending workflow engine that automates and directs the order management
 process at the service management layer, unifying a suite of software modules
 for pre-order support; design, order, and trouble ticket management; and
 multi-vendor interconnection.  These software modules can be purchased
 individually, allowing communications providers to choose only those functions
 that they need.
     "The continued support of our existing investors gives us support and
 validation that we are making smart business decisions," remarks Vaikunth
 Gupta, CEO of Wisor.  "And, a large investment from SAIC Venture Capital
 Corporation gives us confidence that strong industry leaders see value in our
 product."
 
     About Wisor
     Wisor (http://www.wisor.com ) is focused on delivering highly scalable
 operation support systems to telecom providers supplying services over a
 complex network.  The company's flagship product, the Service Management
 Solution(TM) (SMS) Suite, is a complete and innovative service ordering and
 provisioning system that provides Integrated Communications Providers (ICPs)
 with the critical technology necessary to enter, adapt and prosper in today's
 competitive telecommunications market.  Wisor is headquartered in Rockville,
 Md., with a development center in Bangalore, India.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03366133
 
 SOURCE  Wisor