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July 17, 2007

Connectbeam announces Series A funding

In pursuit of better serving our customers and increasing our pace of bringing new and innovative products to market, we are pleased to announce our Series A funding of $3.5 Million.

Gabriel Venture Partners lead the round syndicated with Startup Capital Ventures. We are absolutely delighted to welcome to our board Jim Long, representing Gabriel Ventures, and Bob Rees, representing Startup Capital. A long time believer in Connectbeam and a fellow Oracle alum, Jnan Dash also joins our board of directors. Connectbeam, together with our community of customers and partners stands to greatly benefit from the collective experience of our board members.

We move into this next phase of our company growth with very strong fundamentals, thanks again to our customers, investors, and a best in class team firing on all cylinders.

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