MEETINGSENSE SOFTWARE CORPORATION SECURES $3 MILLION IN SERIES A FUNDING
MeetingSense Software Corporation joins with TVC Capital, to dramatically change the way businesses manage meeting information
SAN DIEGO, Aug. 29 /PRNewswire/ -- MeetingSense Software Corporation, a leading provider of meeting productivity software, today announced the closure of $3 million in series A funding from TVC Capital LLC.
MeetingSense 2.0, the company's flagship product, provides organizations with tools that provide unprecedented improvements to meeting productivity by allowing users to effortlessly capture, distribute, and manage the information and action items exchanged during meetings. MeetingSense improves the effectiveness of meetings by guaranteeing clear communication between all participants through a comprehensive meeting management dashboard.
"Online tools have changed the way business meetings are scheduled and held but little attention has been paid to capturing and sharing meeting metadata such as discussions and next steps," said Mark Levitt, Program VP for Collaborative Computing and the Enterprise Workplace, IDC. "MeetingSense is designed to pick up where the other tools leave off."
Since MeetingSense became available in November 2006, leading technology, financial services, education and government customers, including Cisco, Hewlett-Packard, Chase, Pfizer, Dell, Texas Instruments, LSI, The National Institute of Health and more than 160 other companies have purchased MeetingSense in an effort to make their meetings more efficient and their business more productive. The current version of MeetingSense has proven to save users between five and seven hours of time a week.
"MeetingSense Software is very excited to have TVC Capital as a partner in our shared vision to change the way that businesses utilize their meeting information," said Hannon Brett, MeetingSense Software Corporation Founder. "This partnership allows us to continue to push the productivity envelope by expanding the depth and breadth of the product's features and reach, empowering our customers to further improve their business."
In conjunction with this round of funding, MeetingSense Software Corporation has named Jeb Spencer, Managing Partner, TVC Capital to Chairman of the Board.
"TVC Capital is excited to be a part of helping to expand the penetration of MeetingSense products across the globe," said Jeb Spencer, Managing Partner, TVC Capital, adding "MeetingSense offers a unique and powerful product in an overlooked segment of the market and puts an end to 'waste of time' meetings and unaccountable employees once and for all."
MeetingSense Software Corporation will use the financing to rapidly accelerate new product development, expand sales efforts, and support world-wide marketing initiatives.
About MeetingSense Software Corporation
MeetingSense Software Corporation (formerly Yon Software) was founded in 2004 by former IBM and Macromedia management to address the dire need among today's businesses for a simple but effective way to dramatically improve meeting information management and enhance meeting productivity. For more information, visit http://www.meetingsense.com.
Availability
MeetingSense is available for an introductory price of US $99 per license. Volume pricing is available. Visit: http://www.meetingsense.com/buy or call 1-888-565-3420 for more information.
Try MeetingSense in your organization free for 14-days: http://www.meetinsense.com/try, or join us for a live online demonstration given by a MeetingSense product expert: http://www.meetingsense.com/demos.
About TVC Capital, LLC
TVC Capital LLC (http://www.tvccapital.com) is a San Diego based private equity fund focused on the investment in and acquisition of software and software enabled service firms across a wide spectrum of industries. TVC seeks investment opportunities with companies generating revenues of $3 million to $50 million. The firm typically invests in and acquires companies that are profitable, meet a mission-critical need of their customer base, and are in need of capital to accelerate their growth plans. TVC is managed by Jeb S. Spencer and Steven Hamerslag who, in the last four years, have led investments in the following Southern California based software companies: Del Mar Database Inc. (acquired by Fiserv Inc.), FieldCentrix Inc. (acquired by Astea International Inc.), TechnoCom Inc., Digital Map Products Inc., Accordent Technologies Inc., and Q4bis Inc.