Gizmox, a leader in enterprise-class HTML5 for new and existing business applications, has closed a $7.5M round of financing and named a new CEO to accelerate its sales and marketing efforts. The round was led by Atlas Venture with participation from existing investors Citrix, IVC, Consolidated Investment Group, and others. Jeff Fagnan and Christopher Lynch of Atlas Venture will join the Gizmox Board of Directors. The funds will be used to build and staff the company's headquarters in Boston.

"There is an enormous platform shift of mission-critical business applications from traditional Microsoft client-server to mobile, web and HTML5. While this is well understood and underway for horizontal or consumer applications, the problem for complex business applications is still largely unsolved. Gizmox has a unique solution informed by years of technology development and many successful customer deployments, to facilitate this shift," said Jeff Fagnan, Partner, Atlas Venture.

Gizmox provides an enterprise-class HTML5 platform for building rich UI business applications. Its two components are VisualWebGUI, a widely adopted web and mobile HTML5 framework for enterprise apps, and InstantCloudMove, which easily migrates from client-server to pure HTML5 and the cloud. Gizmox is the enterprise HTML5 platform for native-quality user interfaces. Differentiated from consumer-grade technology, Gizmox software was built from the start to provide the security, management and rich functionality required for mission-critical business applications.

Chris Lynch, Partner at Atlas Venture, added "Atlas Venture has led this investment in Gizmox to take advantage of the multi-billion dollar opportunity in enabling the transition to mobile HTML5 with the industry's leading solution. With Eugene at the helm, having previously driven the shift to XML-based applications in the enterprise, we are thrilled to be part of this team."

More than 50% of all enterprise applications, in most cases the core critical mission ones, are still client server, representing over 55 Billion lines of code.

In conjunction with the financing, Gizmox has named Eugene Kuznetsov as CEO. Kuznetsov was founder and President of DataPower, a SOA appliance company acquired by IBM, an IBM executive, and more recently co-founder and CEO of Abine, the leading online privacy company. Atlas Venture was an investor in DataPower and is the founding investor of Abine.

Michael F. O'Connor, Consolidated Investment Group, said "As demonstrated by its success with major customers, Gizmox's technology is unique in the rapidly-growing enterprise mobile market. We are excited to participate in this financing to support the next stage of Gizmox's growth."

Guy Rosen, Maayan Ventures Chairman, said,"We are happy to complete this significant investment round in Gizmox, which has been led by an experienced VC such as Atlas Venture, with the participation of Gizmox's existing shareholders. This round marks a great milestone for the company in materializing its vast technological and economic potential."

About Gizmox
Gizmox is leading the transformation to enterprise-class HTML5 business applications. For more information visit www.gizmox.com.

About Atlas Venture
Atlas Venture is a leading early-stage venture capital firm that invests in technology and life sciences companies. Since inception in 1980, we have helped build over 350 companies in more than 16 different countries. Atlas Venture is currently investing from its eighth fund and manages $2 billion in committed capital. For more information, please visit www.atlasventure.com.