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Abstract
(Marketwire - August 3, 2010) - StatusNet Inc., the company behind the open source microblogging server StatusNet(TM), has taken on additional investment led by New York-based FirstMark Capital joined by BOLDstart Ventures, iNovia Capital and Montreal Start Up. The round brings StatusNet's total investment to date to $2.3 million. Founder of open source ad platform, OpenX, angel investor and FirstMark Capital venture partner Scott Switzer will join the StatusNet board.
StatusNet is a popular microblogging solution for Fortune 1,000 companies who want to encourage secure employee communication and collaboration inside the corporate firewall. StatusNet provides a commercial support subscription for its software, the StatusNet Enterprise Network(TM), and a Software-as-a-Service (SaaS) offering, the StatusNet Cloud Service(TM).