DEDHAM, MA -- 09/15/09 --
Sonian Inc. (www.sonian.net), a creator of
cloud-powered, software-as-a-service data management services, today
announced it has secured $5.6 million in Series A funding from Prism
VentureWorks and Summerhill Venture Partners.
As a result of the financing, Prism's Will Kohler and Summerhill's Gary
Rubinoff have also joined the company's Board of Directors. Other company
advisors include John Landry, the former VP of Technology Strategy at IBM
and CTO of Lotus Development.
Sonian's financing will be used to expand the company's marketing and
engineering efforts.
Company Founder Greg Arnette formerly started and served as CTO of
IntelliReach Corporation, a pioneer in integrated messaging management,
which was acquired by Infocrossing. An expert at leveraging open source
technology within virtual environments, Arnette founded Sonian in 2007 to
solve ever-increasing data management and archiving demands with a software
solution designed to run on next-generation cloud infrastructure. As a
result, Sonian is the first SaaS archive and analysis solution to launch
from the cloud to be the trusted caretaker for all enterprise data.
President and CEO George Nichols Jr. brings over 18 years of executive
leadership in the technology industry. His career includes executive-level
operational responsibilities, including strategy, sales, business and
corporate development. Formerly, he was with Dialogic Communications, a
provider of hosted critical messaging systems. Dialogic grew from a $4.5
million to $21 million operating company and was acquired in 2006 by Plant
CML, a Golden Gate Capital portfolio company.
"Sonian sees a sizeable opportunity in uniting cloud computing with
managing employee-generated content and creating value-added services for
this rich data," said George Nichols, President, Sonian Inc. "Prism and
Summerhill share our vision for 'Hybrid IT,' one where businesses
strategically and tactically meld cloud-powered SaaS functions with
on-premise servers in order to access their data seamlessly, instantly and
cost-effectively."
"The current economic environment dictates that companies stand out across
a broad spectrum of skills -- from the strength of the executive management
team to product development and execution," said Prism's Will Kohler.
"Given their collective past successes, the team at Sonian clearly
understands the important role virtualization will play in running and
maintaining corporate data systems. We are pleased to have identified a
fast-growing, promising company like Sonian, with which we are able to work
collaboratively to achieve business success."
About Sonian Inc.
Sonian is a technology and hosted services company on a mission to help
millions of organizations world-wide manage their critical IT data
retention functions such as archiving, search, compliance, e-discovery,
information governance and storage management. The Sonian service is easy
to use, cost effective, scalable and secure. The company leverages a
mixture of Web 2.0 frame works, open source components, proprietary
intellectual property, and cloud computing infrastructure to deliver
competitive hosted services at a fraction of the cost of other current
vendors. For more information, visit www.sonian.net.
Press Contact:
Lisa Marafioti Black
781-405-8289
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