Topaz Bridge Corp., a Bellevue, Wash.-based provider of a software application that integrates SAP software with Microsoft SharePoint, has raised $2 million in the first tranche of its Series B round. No investor information was disclosed. The company plans to raise up to $10 million.
Today Topaz Bridge Corporation announced closing of the first tranche of its Series B investment round at just over $2 million. The company plans to raise a total of $5 to $10 million in the Series B investment round.
Topaz Bridge provides the Topaz Bridge S2 Self Service solution for SAP® Software, an easy to use software application that leverages Microsoft® Office SharePoint® Server to deliver self service capabilities across the enterprise. The first product release is targeted at core human resource services that impact every employee in large organizations.
“Topaz Bridge S2 brings the same revolution in cost savings, ease of use and customer satisfaction to the relationship between employee and employer that online banking services have brought to consumer banks,” said Noam Topaz, Founder and CEO of Topaz Bridge. “In addition, effective self-service applications increase the accuracy of employee performance data, which is critical to managing global workforces in challenging economic times.”
Topaz Bridge will use Series B investment proceeds to continue its expansion, hiring additional sales and marketing and engineering staff, and expanding its operations to Europe later in 2009.
About Topaz Bridge
Topaz Bridge provides the Topaz Bridge S2 self-service application for SAP® software, an enterprise-class product that integrates SAP® software with Microsoft Office SharePoint 2007. Founded in 2007, Topaz Bridge self-service products that simplify the use of line-of-business systems while preserving data integrity and compliance with corporate policies. A demonstration of Topaz Bridge S2 Self Service Solution is available on the company’s website. Topaz Bridge is the leading authority on the integration and interoperability of Microsoft Office SharePoint with SAP Software.