AtTask, Inc. Secures $7 Million from OpenView Venture Partners
Orem, Utah – AtTask, Inc., recognized as an industry leader in on-demand project and portfolio management software has secured its first ever outside money from Boston-based OpenView Venture Partners.
“AtTask is an extraordinarily unique company.” said Scott Johnson, CEO of AtTask, “We have achieved a position of technology leadership with a who’s who customer list without raising a single penny to-date. Our partnership with OpenView underscores our commitment to provide the industry’s best PPM solutions to the global enterprise. We’re chomping at the bit to take advantage of this opportunity.”
AtTask’s company size has doubled in the last 7 months and its 2007 revenues have already surpassed 2006, which was up 200% over 2005. “This growth, which, to-date has been organic, is due to the fact that our solution makes sense for end-users and executives alike. People really are enabled when they use @task”, said Abe Knell, VP of Sales, “It’s project management 2.0.”
“AtTask delivers a unique combination of a broad project management feature set with an extremely user friendly interface, the right price with exceptional customer support, coupled with explosive yet profitable growth,” said Scott Maxwell, founding partner of OpenView Venture Partners. “AtTask is an outstanding addition to OpenView’s portfolio of expansion stage software companies.”
OpenView Venture Partners is an expansion stage venture capital fund with a focus on high-growth software, Internet and technology-enabled companies. Through its staff of seasoned operating executives, who collectively bring several decades of technology and management experience to the firm, OpenView is able to help portfolio companies with quickly ramping up sales, marketing and product development functions to best practice levels. The firm was founded in 2006 by Scott Maxwell with an inaugural fund encompassing $100 million in committed capital. OpenView Venture Partners is based in Boston and invests on a worldwide basis. For more information, please visit openviewpartners.com.
AtTask is a leading provider of on-demand project and portfolio management software. Its flagship product, @task, puts business intelligence tools in the hands of executives and team collaboration in the hands of the front line. Its platform-independent solution is increasing efficiency and productivity for Fortune 500 companies across the globe. Some of AtTask’s clients include: Apple, CBS, Johnson & Johnson, Chevron, Fujitsu, Hanes, Hawaiian Airlines, HBO, Hitachi, GE, McDonalds, Toyota, UCLA, and Walt Disney. For more information, please visit www.attask.com.