Making people and ideas findable
Compendium Blogware Closes on $1.6mm funding round
I am pleased to announce that we were oversubscribed on our most recent funding round.
Seeking $1.5mm we quickly had commitments from angel investors for $1.6 at which point we closed the round. Almost every dime of this funding came from local Indiana investors. For those of you out there seeking funding, have faith...it's out there.
Obviously, we are really excited and proud to have the support of our investors and proud of the fact that that so many Organizations (from large enterprises to small businesses) are finding tremendous value in our blog management software. This may not always be the case as we accelerate our growth, but at this point because our client base is growing so quickly we are able to fund a great deal of the company out of operations.
Blogging for business is just beginning a rapid adoption and organizations are recognizing the need for an easy to deploy SaaS solution with a solid ROI.
Follow this link to a nice article today on the announcement....Compendium Blogware Funding Announcement
Tags: blog, blogging, blogware, business, compendium, corporate, indianapolis, software, startup, startups
7 Comments
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Comment by Don Schindler on June 27, 2008 at 10:36am -
Congrats, Chris!
Blogging is so powerful for search that it's hard to understand why more companies aren't doing it.
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Comment by Pat Coyle on June 27, 2008 at 10:37am - Congratulations...
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Comment by Kyle Lacy on June 27, 2008 at 10:40am - Congratulations Chris!
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Comment by Nicki Laycoax on June 27, 2008 at 10:56am -
Actually Noah, I read in the Indy Star that they are expanding their staff...
Indy blogging company plans expansion
Compendium Blogware , an Indianapolis-based tech company that specializes in teaching businesses how to market themselves on the Internet, will add 10 jobs over the next six months. The year-old company today said it now has 150 clients and has secured $1.6 million in private funding. Compendium is located on Monument Circle and clients range from Clarian Health to Circle City Tickets. Compendium said it is actively seeking sales, support and marketing personnel, as well as senior level software developers and senior level engineers.
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Comment by Hazel "The Queen" Walker on June 27, 2008 at 11:56am - Congratulation Chris...........you deserve to be proud!
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Comment by Peter Bornhorst on June 27, 2008 at 12:45pm - If you are interested in the vast capabilities of organizational blogging or would like to network with blog enthusiasts and professionals alike then please join our Business Blogging Network on Smaller Indiana.
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© 2008 Created by Pat Coyle
I don't suppose this means you'll be expanding your staff? (not that I'm looking!!) ;)