Furthering its leadership position as the world’s first developer of SLA solutions for Service Providers, Oblicore, Inc. today announced that it has closed its second round of equity financing. The company received an equity investment of $11 million—the largest amount it has raised to date.

The investment was led by Concord Ventures, an Israel-based venture capital firm. Other investors include Ampal-American Israel Corporation, an international investment firm and a number of institutional investors. The funding round was managed by De-Kalo Ben-Yehuda of Israel, and it marks the second investment round in Oblicore since its inception early this year.

?“Oblicore, Inc.’s second round of financing is significant.” said President and CEO, Erez Hendelman. “We look forward to leveraging this investment to broaden our sales, support and professional services organizations especially in North America, and to strengthen our leadership position in the SLA market for Service Providers.”

An end-to-end solution, Oblicore helps Service Providers manage service level issues – from initial negotiations with customers and signing of agreements, to service management of both technical and human resources, to web-based customer reports. Service Providers that utilize Oblicore’s solution are able to optimize allocation of their resources according to customer priorities.

"Oblicore is addressing the major challenge of the Service Providers industry - gaining customers trust through continuous high quality service delivery." Said Yair Safrai, General Partner at Concord Ventures. "With its vision and devoted management team, we at Concord Ventures believe that Oblicore is soon to become the leader in providing SLA Management solutions to the Service Providers market."

About Oblicore Inc.

Oblicore Inc. is the innovative leader in providing comprehensive end-to-end Service Level Management solutions. The power of Oblicore's solution is that it enhances service quality, revenue, productivity and profitability. Oblicore is headquartered in Germantown, Md. with Sales offices in North America and Europe; development facilities are located in Israel. Founded in January 2000, Oblicore is a privately held company, funded by international venture capital investors led by Concord Ventures.