Enterprise 2.0 vendor NewsGator gets funding boost

NewsGator, an enterprise social computing software vendor, has raised $10 million in a new round of funding.

NewsGator, a maker of hosted and on-premise social computing software for companies, has closed a US$10 million round of funding, the company announced Monday.

Masthead Venture Partners, Mobius Venture Capital and Vista Ventures participated in the round of funding. All three companies had previously invested in NewsGator.

NewsGator initially focused on the RSS market and has since broadened its focus to enterprise social networking with its Social Sites product.

Social Sites, now in version 2.5, is designed to provide a Facebook-like experience in the workplace to improve communication and collaboration among employees. It is specifically designed as a complement to Microsoft's SharePoint Server.

The Edelman public relations firm was among the large companies that became NewsGator customers in late 2008, along with banks, pharmaceuticals and manufacturers.

The fourth quarter of 2008 was the best in terms of revenue in NewsGator's five-year history, the company said. NewsGator's competitors include SocialText, Jive Software, Central Desktop, Telligent and Atlassian, as well as bigger players such as IBM and Google.

These companies are all trying to capitalize on the rising interest among IT managers and CIOs in implementing social computing capabilities in their workplaces, having seen how these systems can help employees communicate, collaborate and do their jobs more efficiently.

The interest in enterprise social networks, workplace RSS, corporate blogging and workplace wikis follows their booming popularity among consumers in recent years.

Specifically, enterprise social networks typically mimic the core functionality of consumer sites such as Facebook and MySpace, including the creation of lists of "friends" and the easy sharing of messages and content. However, enterprise social networks, like other workplace social computing technologies, have special security and IT control features, as well as workplace-specific capabilities.

Tags social networking

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?