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

Posted by Knowlton Thomas on 2010-08-03 9:38:00 AM

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.inoviacapital.com
Location:
Montréal, Québec, Canada

iNovia Capital is one of Canada’s premier managers of seed and early-stage venture capital funds, with operations in both Eastern and Western Canada. We combine access to innovative technologies, deal-structuring experience and a rigorous investment philosophy to build successful companies that deliver returns. Whether in information technology, life sciences or cleantech, we seek out companies that have global... 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


Similar Posts


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. 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... more



Recent Comments

Powered by Disqus