'Enterprise software is sexy again'—Montréal's StatusNet raises new round worth more than $2 million

Posted by Knowlton Thomas

capThe Montréal-based open source microblogging service, StatusNet, has reeled in $2.3 million worth of investment, led by FirstMark Capital, which is based out of U.S. financial hub New York City. Other partners included in the round include BOLDstart Ventures, iNovia Capital, and Montreal Start Up.

"We're building an enterprise sales and support team to further push StatusNet software into the Global 1,000 market," says Evan Prodromou, Founder and CEO of StatusNet. "Our investors and partners have deep experience in enterprise and open source software that will help us during our next phase of growth."

"We see more and more companies using microblogging in the enterprise, and it is likely that social networking software will replace email as the primary interpersonal communications as it already did for about 20 percent of users in the consumer space," says Josko Bobjanovic of iNovia Capital. "The market opportunity for StatusNet couldn't be more clear."

"StatusNet shows the true power of open-source software in the enterprise," said Ed Sim, the managing partner of BOLDstart. "Large organizations love the flexibility of the product's plug-in architecture and client API. This investment will give additional resources to the company's recent development of dedicated desktop and mobile clients for StatusNet."

The deal has Box.net CEO Aaron Levie stating that "enterprise software is sexy again." 

Company:
iNovia Capital
Website:
http://www.inovia.vc
Location:
Montréal, Québec, Canada

iNovia partners with exceptional entrepreneurs to build successful companies in high-growth sectors. The team is comprised of entrepreneurs and sector experts focused on Mobile, Internet and Digital Media. iNovia has offices in Montreal, New York City and Calgary and invests across North America. iNovia has $275M under management across three seed and early-­stage funds. For more information, visit www.inovia.vc... more

Company:
Montreal Start Up
Website:
http://www.montrealstartup.com
Location:
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more

Company:
StatusNet
Website:
http://status.net/
Location:
Montréal, Québec, Canada

StatusNet (formerly Laconica) is a Free and Open Source microblogging platform. It helps people in a community, company or group to exchange short (140 character) messages over the Web. Users can choose which people to "follow" and receive only their friends' or colleagues' status messages. It provides a similar service to sites like Twitter, Jaiku, and Plurk, and runs the site Identi.ca among others. StatusNet,... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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