• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Venture Capital Matters

#VentureCapital: VC meets social media

  • Pitch a Startup
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

ASCI Raises Strategic Investment to Accelerate Expansion of Leading Workload Automation Solution

November 15, 2019 By 3v.org Leave a Comment

Advanced Systems Concepts, Inc (“ASCI”) announced today that it has secured a strategic investment from Turn/River Capital, a leading technology-focused growth equity firm. The investment will be used to accelerate product development and market expansion for ASCI’s flagship product, ActiveBatch®.

ActiveBatch enables organizations to more easily and reliably develop, integrate, and manage end-to-end IT and business processes. By using a low-code/no-code approach, ActiveBatch can be quickly deployed to meet an organization’s new business demands and to coordinate and consolidate automated processes across an array of disparate applications, databases, and platforms. With ActiveBatch, organizations worldwide have simplified their IT environments, increased efficiency, and established operational peace of mind.

ASCI was founded in 1981 by Ben Rosenberg and has been a pioneer in the IT Automation space for over three decades. Continuous innovation based on feedback from customers and interactions with IT professionals at all levels have earned ASCI recognition as a leader in the IT Automation industry, year after year. Today, ActiveBatch is redefining IT Automation with an architectural, layered approach that features unsurpassed integration capabilities and simplification of increasingly complex IT environments.

“Turn/River was a natural fit for us,” said Ben Rosenberg. “Their operational experience and expertise in the areas of Sales and Marketing complemented our areas of strength in building Enterprise wide products. As our industry transitions from on-premises perpetual to SaaS offerings, this partnership and funding round will allow us to bring our SaaS offerings to market in a more timely and resourced manner while at the same time ensuring that our customers continue to maintain and optimize their existing investments in our software products. This investment will allow ASCI to grow even faster as companies continue to purchase and deploy IT/Business automation to satisfy their company’s business requirements.”

“ASCI has been a leader in the field of IT Automation for over 35 years and has seen tremendous growth driven by its best-in-class product offering and laser focus on customer success,” said Dominic Ang, Turn/River Capital’s founder and Managing Partner. “We are thrilled to provide growth capital and our expertise in sales and marketing to support the ASCI team as they further expand the functionality and reach of ActiveBatch.”

ASCI was advised by New York-based investment bank Sparring Partners Capital and legal counsel Arnold & Porter Kaye Scholer LLP. Turn/River Capital was advised on its investment by Orrick, Herrington & Sutcliffe LLP.

About Advanced Systems Concepts
Since 1981, ASCI has developed products across markets, including ActiveBatch, a recognized leader in Workload Automation. With a worldwide base of customers in more than 50 countries, Advanced Systems Concepts helps organizations respond to increasingly complex business and IT needs. For more information, please visit www.advsyscon.com.

Related

Filed Under: PR Tagged With: Workload Automation Solution

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

RSS Market Research Media

  • America’s 100 largest housing markets are overpriced
  • How do media companies perform in digital transformations?
  • A six-step forecasting methodology
  • New skills will be required for the future world of work
  • Two biggest barriers to wider adoption of XR are user experience and limited content
  • The current market value for AR/VR/MR is around $30.7B, and the worldwide market may rise to $300B by 2024
  • Global asset classes compared by market cap in 2021
  • Russian oil production succumbing to the impact of Western sanctions
  • Russia’s default on its foreign debt is around the corner
  • BRIC Investment Funds Have Taken a Beating This Year

RSS Market Analysis

  • Another pandemic may be on the horizon: antimicrobial resistance
  • Low-carbon fuels will be essential for decarbonization
  • Blue hydrogen becoming increasingly cost competitive
  • The construction industry is responsible for 11% of the world’s man-made carbon emissions
  • Military Applications of Quantum Technology
  • New Technologies to Disrupt Traditional Renewable Fuels
  • Australia approves a drought-tolerant genetically modified strain of wheat for use in food
  • The Pentagon’s FY2023 budget request for hypersonic-related research is $4.7 billion
  • Middle East and North Africa region’s economies grew by 5.8% in 2021
  • Job openings hit a record high March

RSS Technologies

  • Cloudflare Unveils New SQL Database Offering
  • Cloudflare announces Workers for Platforms
  • Intel is rolling out new processors designed for data centers
  • EU moves to wean itself off Russian fossil fuels
  • A New Hydrogen-Powered Behemoth
  • BAE Systems to Bring Next-Generation Electric Drive System to Heavy-Duty Industrial Vehicle Market
  • MEMS Speakers Are Replacing Balanced Armature Speakers
  • Trends in data and analytics
  • Apple takes another step towards EV development
  • French company captures methane leaking from abandoned mines

Copyright © 2018 3V.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT