Ra'anana-based company Business Layers today announced the completion of a $25 million financing rounds, from U.S. and Israeli venture capital funds.
Business Layers maintains corporate headquarters in New Rochelle, New Jersey. It develops e-provisioning solutions. Its solutions manage allocation of physical and digital resources to company employees, business partners and customers, based on business needs.
The company's flagship, eProvision Day One, is meant to boost productivity and lower operating costs by streamlining working procedures of company employees with business partners and customers.
Business Layers recently presented a study by JP Morgan predicting that e-provisioning will be the next hot sector in IT. The study predicts that the market will grow by 80% a year over the next three years to a level over $1 billion a year.
The company's investors include Canaan Partners, Novell, Israel Seed Partners, Ascend Venture Partners, and several individuals. Established in May 1999 by Israeli entrepreneurs Izhar Shay, formerly of the BRM group, Avi Zamir, formerly of Radcom, Amir Weinstein, and David Lavenda, Business Layers employs more than 100 people.