AltoWeb

About AltoWeb

AltoWeb, founded in 1999 by Vincent Graux, operated in the enterprise software market, specifically focusing on e-business infrastructure software. The company's core business was the development and sale of a software platform designed to simplify the deployment of complex web applications. This platform enabled client companies to build applications by accessing multiple, heterogeneous data sources and then deploying them across various devices.

The business model centered on providing tools that reduced time-to-market for enterprises developing web applications. AltoWeb's software offered significant benefits by improving the internet experience for end-users and streamlining the development process. The company's clients were businesses seeking to rapidly create and manage robust online applications. The firm was privately held and venture-capital backed, securing significant investment to fuel its growth. Notable investors included Intel Capital, Norwest Venture Partners, Accenture Technology Ventures, Frank Caufield, Regis McKenna, and ALI KUTAY.

A key milestone in the company's financial history was an Early Stage VC funding round on February 26, 2002, which raised $16 million. After operating for several years and establishing itself within the business productivity software sector, AltoWeb was acquired by Borland Software on August 15, 2003, marking its exit and integration into a larger technology corporation.