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SpatialNews.com Press Release
 Wireless News - Business News - Feature Columns
Datria Systems, Inc., Receives Funding From Leading VC FirmDENVER, Colo., May 16, 2000--Datria Systems, Inc., a leader of mobile speech application software that allows mobile workers to have real-time interaction with remote databases, today announced that it has received funding from Koch Ventures as part of a $5.3 million round of funding. Koch Ventures, based in Scottsdale, Arizona, has invested more than $160 million in venture capital transactions since 1993. Koch Ventures is the private equity investment arm of Koch Industries, the second largest privately held company in America. Other investors include Quest International Management, Denver; Four States Investment, Jericho, NY; Greenwood Gulch Ventures, Denver, and Datria management. Datria's product line is centered on its VoCarta(TM) software, a speech-enabled remote data collection system. Speech-based mobile computing allows organizations to streamline business processes, increase productivity, reduce costs and thereby gain competitive advantage through real-time bi-directional access from the field to corporate enterprise information systems. VoCarta is successfully being used to collect data and populate databases by over 40 of Datria's customers including utilities and communications companies as well as state and local governments on public works, transportation and public safety projects. Datria's customers include U.S. West, Energy South, Inc. (Mobile Gas Company), Parsons Brinckerhoff and the City of Austin. VoCarta gives mobile field workers hands-free, eyes-up capability when actively collecting data for spatial or relational databases, such as a Geographic Information System or a Relational Database Management System. VoCarta combines speech with a variety of digital input devices such as GPS, barcode readers, and digital cameras to solve customers' complex data collection requirements and directly download data into spatial, relational or web-enabled databases. Currently, Datria's VoCarta line of products includes four major products developed for specific speech-enabled data management requirements:
About Koch Ventures/Koch Industries Koch Ventures, based in Scottsdale, has invested more than $160 million in venture capital transactions since 1993. Koch Ventures is the private equity arm of Koch Industries, Inc. Koch Industries, Inc. through its subsidiaries, employs 12,000 people worldwide and is involved in virtually all phases of the oil and gas industry, as well as in chemicals, plastics, energy services, chemical and environmental technology products, asphalt products, metals and mineral services, ranching, and financial services. For more information on Koch Ventures refer to www.kochventures.com. About Datria Systems Datria Systems, Inc., headquartered in Englewood, Colorado, was founded in 1997 when it acquired exclusive commercial intellectual property and patent rights to speech recognition technology from Lockheed Martin. The privately held company is the premier provider of mobile speech applications that serve a variety of industries. Datria's flagship product, VoCarta, is a suite of speech recognition software products that enables rapid and accurate data acquisition and retrieval by the mobile field workforce. VoCarta technology permits an order-of-magnitude-improvement over other field data collection methods. All of the commercially available speech recognition engines, including those from Microsoft, Lernout & Hauspie, Nuance and SpeechWorks can be used with Datria's products. Datria can be contacted by calling 303/645-9300 or by visiting its website at www.datria.com. CONTACT: Datria Systems, Inc. Jim Blaha, 303/645-9312 jim.blaha@datria.com or Hill/LF Communications Chad Hill, 925/945-7910 hillcomm@earthlink.net Len Fernandes, 510/538-8916 lencom@earthlink.net www.datria.com |
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