December 30, 2005
GKM Ventures participated with Talkot Ventures and Sandler Capital in a Series 2 follow-on round. Use of proceeds supports launch of new software version. This is the second investment in ADX by GKM Ventures; the first investment occurred in June 2003.
ADX is an outsourced transaction-processing network that enables small and mid-size (SME) suppliers to exchange business documents electronically with their large enterprise customers. Large enterprises commonly employ a well-established data transfer protocol called Electronic Data Interchange (EDI) for the exchange. However, due to the high EDI costs and complexity, SMEs are not often electronically connected with large enterprises.
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