Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ddb8182-18ef-4297-bf0e-7d848e3f9fa0&Preview=1
Date 1/18/2011
Company Name Sonian
Mailing Address 100 Crescent Rd Needham, MA 02494
Company Description Sonian is a technology platform and hosted services company on a mission to help millions of organizations world-wide manage their critical IT functions such as archiving, search, compliance, e-discovery and storage management. The Sonian platform 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 grid computing utility infrastructure to deliver competitive hosted services at a fraction of the cost of other current vendors.
Proceeds Purposes Sonian will use the funds for continued research and development for its information archiving platform, and business expansion to meet increasing demand for its affordable, reliable, scalable and secure archiving solutions.