Speechbobble Signs Razor Capital Partners to Secure Growth Financing

TORONTO, Ontario – May 18, 2011 - Speechbobble™, one of Canada’s fastest growing enterprise social networking companies, today announced it has signed Razor Capital Partners of Toronto to secure its next round of growth financing. Razor has an exclusive mandate in raising up to CDN $3.0 million in Series A financing.

“Our social networking platform is mature and is experiencing serious traction with customers of all sizes and types,” said Josef Zankowicz, CEO of Speechbobble. “The new financing will help us focus on our go to market efforts and scaling operations to sustain continued growth. Razor has a proven track record of matching investors with emerging technology opportunities and we are pleased to have them as part of our team"

Speechbobble’s growth strategy is focused on securing channel and technology partnerships. The Company is seeking suitable partners to deliver social consulting, launch planning, community management, customization, and integration with existing IT systems. The Company’s platform is designed to support different business models including white labeling, advertising, and revenue share with partners. If a partner needs to add ‘social’ to an existing application, web service, or consulting offering Speechbobble can be readily integrated to provide a community to support loyalty, product and service differentiation, and intelligence gathering.

“Speechbobble is an exciting opportunity for investors to capitalize on the growing appetite for social software by businesses everywhere,” said Rick Callander, Partner with Razor Capital. “The market timing is ideal. Combine this with a proven management team and technology platform, investors are provided key ingredients for success in one complete package represented by Speechbobble.”

About Speechbobble
Based in Toronto, Speechbobble provides a private cloud social networking platform to enhance employee collaboration, affect change, guide management decisions, improve performance and reduce costs. The platform captures the collective intelligence of an organization by integrating with existing enterprise tools and the external social web. Specifically, the platform enables efficient idea sharing and workforce planning across geographies, while allowing management to identify key influencers and trends within the organization and to manage rising organizational issues. These capabilities are enhanced with extensive analytics and enterprise grade security in one integrated dashboard. For more information please visit speechbobble.com.

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© 2011 Speechbobble Inc.

For investor and media contact: Ken Killin, CFO, Speechbobble Inc.
Ken.killin@speechbobble.com
416-938-0047

Contact Information

Ken Killin

CFO

Speechbobble Inc.

Contact via E-mail