The Village View

Tuesday, August 15, 2006

SAP Announces Strategic Investment in Questra Corporation

Earlier this year, SAP launched a new fund (SAP NetWeaver Fund) to "nurture companies desiring to leverage the benefits of the SAP ecosystem." Here was Jason Wood's take on the fund when it was announced. Well, today SAP announced the first investment by this fund, in Questra Corporation. SAP's strategic investment was part of a $12.5M financing round that also included previous investors Trident Capital and Menlo Ventures. (Questra had announced a $9M Series C in 2004).

SAP AG (NYSE: SAP) today announced it has made an investment in Questra Corporation, a leader in intelligent device management (IDM). Today’s announcement marks the first investment for SAP’s $125 million global SAP NetWeaver® Fund

Developed in conjunction with joint SAP and Questra customer Heidelberger Druckmaschinen AG, the Questra composite application enables manufacturers to monitor remote devices and automatically generate service notifications in their SAP Service and Asset Management solution.

Here's a bit more on the composite application -Questra RemoteService(TM)- that I found on a Questra press release:

It offers an enhanced business process for automatically integrating performance data from devices at customer locations with manufacturers' business processes....In a single interface, Questra RemoteService brings together the problem profile from the Questra IDM solution, which is populated with performance data from a manufacturer's equipment installed at customer sites, with the customer profile from the manufacturer's SAP solution. Using Questra RemoteService, manufacturers' service personnel receive immediate notification of performance issues along with the device and customer information they need to resolve problems quickly...

Questra's customers include: Agfa, Dade Behring, Eastman Kodak's Health Imaging Group, GE Healthcare, Science Applications International Corp. (SAIC), Samsung, Ingersoll-Rand, and Waters.

In addition to SAP, Questra lists IBM, Microsoft,BEA and Siebel(Oracle) as partners.


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