Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8e6dffb5-cffd-420b-8d13-aceb82661a97&Preview=1
Date 5/31/2012
Company Name Sonian
Mailing Address 95 Wells Ave Newton, MA 02459
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 The investment — which marks nearly $27 million raised to date — will be used to scale sales and marketing, and accelerate innovation of the company’s flagship cloud archiving products.