Last week we passed a key stage in the development of commonIT, closing our first funding round. The €500k we’ve raised will be invested in accelerating current initiatives, both technical — we expect to announce release 2.0 of Virtual Browser early in 2010 — and in sales and marketing development.
It’s with pleasure, then, that we welcome Rhône-Alpes Création and Expansinvest (Banque Populaire des Alpes) to the table as partners in the commonIT project. They worked quickly and effectively with us allowing us to reach this funding agreement just eight months after founding commonIT, an important factor for us. Personally I’d like to extend a warm thank you to Mathieu Viallard, director of business development at Rhône-Alpes Création, for his efficiency and professionalism in managing the negotiations.
Tags: business development, Funding, growth
