A software company providing e-commerce solutions and encryption software for the Apache Web server platform. Covalent develops commercial software enhancements for Apache and is the only source of full commercial support for the Apache Web server. Founded in 1994, Covalent is a graduate from the company's incubator program. In 1999, they moved out of the TDC building after securing $5 million in first round venture capital. H&Q Venture Associates led the funding round.