“Covalent Technologies, Inc., the leading provider of Apache Web
server e-commerce solutions, announced today that it has closed $5
million in first round funding. The round, led by H&Q, LLC
(“HQVA”), included investments from their affiliated funds Adobe
and TI.”
“Covalent Technologies offers commercial support and
enhancements for the open-source Apache Web server software.
Covalent’s flagship product, the Raven(TM) SSL module, provides Web
professionals with the encryption necessary for safely transferring
data via the Internet.“
“We are extremely pleased to partner with Covalent
Technologies,” said Rupen Dolasia who, along with Standish O’Grady,
is a Principal of HQVA set to join Covalent’s Board. “We believe
Covalent is uniquely poised to continue its growth as the central
source for Apache Web server solutions across all supported
operating systems, including Linux and Solaris.”