Performance support software co Kryon Systems raises $1m

The current financing round, which will be expanded, is intended for marketing and continuing to recruit large US enterprise customers.

Performance support software company Kryon Systems has raised $1 million from private investors in the US. The current financing round, which will be expanded, is intended for marketing and continuing to recruit large US enterprise customers.

The company has also launched a new version of flagship product Leo, which will be presented this week at the ASTD 2013 exposition in Dallas, Texas. Leo provides a complete platform to help organizations develop, deploy and support users that depend upon applications in their job roles.

Kryon Systems also announced that its software is being installed by Clalit Health Services. Other customers include AT&T, Capital City Bank, Pelephone and the Israel Electricity Corp.

Founded in 2009, Kryon Systems has raised $6 million to date from US investment fund AJJS Holdings and private investors. The company employs 15 people at its development center in Tel Aviv and sales center in New Jersey.

Kryon Systems CEO Bibi Rosenbach said, “The business potential of the company will increase following the launch of our latest product. As a result, we are in the midst of recruiting new customers, including prominent organizations and institutions in Israel and the USA. Raising additional capital will enable the company to accelerate its expansion in the American market, where we see the main business potential for the expansion and development of our operations.”

Published by Globes [online], Israel business news - www.globes-online.com - on May 20, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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