Big news at day one of CloudBeat 2011! Vehera, a cloud file server appliance company that trades as SMEStorage.com, announced it is participating in a $1 million growth equity investment round with IDJ. This is a significant investment for Vehera and will greatly accelerate company growth. Vehera's management will continue to own a significant portion of the company. Vehera is a privately owned company, which first achieved profitability in Q4 2010. The company plans to expand globally with the new funding.
Argalistore launches one of the most awaited online holistic retail solution designed exclusively for the SME Retail Segment. Argali is built on Openbravo Professional Edition - the World’s leading open source web-based ERP.
Argali combines the power of ERP, E-Commerce and Point of Sales functions focusing the SME segment. Argali solution manages and integrates technology, logistics and intelligence aspects of a retail business and enables the retailer to focus on expansion, growth and development.
The enormous potential in the Retail SME segment plays an important role towards the growth of economy. However, the sector currently is unable to scale up as the current operation structure is intensively manual.
Argali with its advance integration process delivers one-stop solution for retail business by improvising on the efficacies in the retail operations. The syndication of retail key business functions and advanced technology makes Argali an intelligent 3rd generation solution.
According to the Ravi Venugopal, CEO “Argalistore’s vision is to offer an innovative, engineered online solution for the Retail SMEs at an affordable low cost – pay as you go (SaaS) model, which will facilitate the global Retail SME community to keep pace with the ever changing demands of the next generation customers.”
Paolo Juvara, CTO of Openbravo, said “Openbravo Professional Edition is fast becoming the ERP platform of choice for innovative vertical solutions such as Argali Store. Multi-tenant SaaS provides an efficient and effective delivery model for standardized back office solutions of all types; in the case of Retail, Openbravo also provides a robust Point-of-Sale component to enable seamless front-to-back operations for Retail SMEs”. About Argalistore Argalistore, a US based Organization is a leading provider of the Retail Management Solution in SaaS (Software as a Service) model. The company offers a Holistic, Integrated end-to-end solution which perfectly fits the small and medium retail businesses and enables a smooth operational flow.
The company’s mission is to be customer centric and provide continuous upgrades at single cost which is challenged to be the lowest in the industry without any compromise on the product or service quality.
About Openbravo Openbravo is the award-winning developer of Openbravo ERP, a web-based commercial open source ERP solution for SMBs - the industry's first real alternative to proprietary software. The company's Enterprise Resource Planning (ERP) has been downloaded more than 1.75 million times, and is used in over 50 countries.
Openbravo's growth is fueled by an ever expanding international community of users, partners and developers. The company's commercial open source business model eliminates software license fees, providing support, services, and product enhancements via an annual subscription. An expanding range of free and premium solutions and extensions for Openbravo ERP is available through the company's unique marketplace,Openbravo Exchange.
Openbravo is venture backed and has received record funding in the Open Source ERP space from Amadeus Capital Partners, GIMV, Adara Venture Partners and Sodena.
BoardSuite® Corp. (www.boardsuitecorp.com), the freemium on-demand board portal, has chosen Tenzing (www.tenzing.com) as its hosted Cloud environment to provide the most secure, scalable and redundant solution for its mission critical portal application for boards of directors.
In partnership with Tenzing, a provider of enterprise hosting solutions for Software-as-a-Service (Saas) providers and Ecommerce systems integrators, BoardSuite's infrastructure and data storage practices meet the absolute highest standards in the industry today. Tenzing is the only hosting provider in the country that has achieved SAS 70 Type I and II and ISO 27001 information security certifications. In addition, Tenzing's fully redundant infrastructure provides for complete backup and recovery of business critical information.
"A board portal houses confidential data, the most valuable asset to any company. It was paramount that BoardSuite entrusted a managed hosting company that could support our application, which addresses the needs of companies with strict security and compliance requirements," said Oscar A Jofre Jr., Founder, President and CEO of BoardSuite. "We can confidently provide board members and advisors with access to their organization's portal wherever they are, whenever they need it, securely and reliably."
BoardSuite® Corp. (www.boardsuitecorp.com) President and CEO Oscar A. Jofre. Jr. was recognized by the Rt. Hon. Stephen Harper among a delegation of past award winners of the "10 most influential Hispanic Canadians". This marked the first time award winners were invited to meet face-to-face with the Prime Minister of Canada in his office to bring awareness of the importance the Hispanic community has contributed to Canada.
"This day made me realize that the hard work and contributions we've made in Canada is recognized and the world is watching and waiting for innovation that can be truly beneficial," said Mr. Jofre. "My meeting with Mr. Harper fuelled my personal mission to continue building solutions to solve real problems."
BoardSuite® Corp. (www.boardsuitecorp.com), the freemium SaSS-based board portal, today announced it has acquired eBusiness Solutions company, InWeb Media Inc. The acquisition supports BoardSuite's strategy to provide an ecosystem of mandated and trusted business services within its flagship portal.
InWeb Media will provide BoardSuite users with premium offerings ranging from interactive annual reports and IR websites for public companies to eMarketing campaigns and lead generation tools for private and not-for-profit organizations. Incorporated in 2005, the award winning company embraces a proven methodology of project scoping, work flow, web design, development, analysis, and testing for measurable results.
"InWeb Media is a great addition to BoardSuite's overall strategy to provide a single point of entry for directors, officers and advisors of board managed entities to engage business services directly from the BoardSuite portal to achieve good corporate governance and best practices," said Oscar A Jofre Jr., Founder, President and CEO of BoardSuite. "InWeb has proven experience in BoardSuite's target market of small and medium enterprises and not-for-profit associations. Their team of talented and dedicated developers, production and creative staff made them a great fit."
BoardSuite® Corp. (www.boardsuitecorp.com), the freemium SaSS–based board portal, today announced the appointment of Melanie Kurzuk as Chief Marketing Officer responsible for leading BoardSuite's worldwide branding and driving the company's product, sales and marketing initiatives.
Kurzuk is an innovative leader who brings 20 years of demonstrated success in progressively senior roles in B2B within the media and information services industry. She has a deep knowledge of corporate governance, capital markets, disclosure, and investor relations. Prior to her appointment at BoardSuite, Kurzuk was Senior Vice President of News and Information Technology at CNW Group (formerly Canada NewsWire).
"Melanie has extensive strategic and operational insight on mandated and trusted services that companies require to meet regulatory obligations. She will be invaluable in our business strategy to acquire these types of services for integration to the flagship board portal," said Oscar A Jofre Jr., Founder, President and CEO of BoardSuite. "In addition, she has a propensity to SaSS-based applications as she led the successful launch of a cloud offering in her last mandate."
BoardSuite® Corp. (www.boardsuitecorp.com), the freemium SaSS-based board portal, today announced the appointment of Greg Harper as Chief Operating Officer.
Harper is a seasoned executive with more than 25 years of demonstrated proficiency in investment management, corporate finance, operations and administration. He founded Harles Management, a strategic management company, where he has advised businesses in areas of capital management, revenue growth and profitability. Harper began his career as a Securities Trader at Canada Life followed by a position in Private Placements. Harper then joined Colonia Life and at the time of the sale of the company he held the position of Senior Investment Officer responsible for all areas of investment and portfolio management. Following this Harper was Chief Operating Officer at FRI Corporation primarily responsible for restructuring.
"Greg's command of managing start-ups through growth stages is completely aligned to guiding BoardSuite's going public transaction and business plan," said Oscar A Jofre Jr., Founder, President and CEO of BoardSuite. "He will be responsible for the day-to-day operations of BoardSuite and will provide leadership in M&A activity, short-term and long-range planning and budget development to support strategic business goals."
Collins, a seasoned financial executive, has a proven track record in raising capital through IPOs, private equity and venture capitalists. He is a Chartered Accountant with more than 20 years experience in building and growing both public and private companies. Prior to his appointment at BoardSuite, Collins held progressively senior roles as CFO at EnGlobe Corporation Inc., Vice President Finance at Insception Biosciences and Vice President Finance and Administration at Hydrogenics Corporation.
"Jim's demonstrated ability in taking companies public and his experience in mergers and acquisitions put him in the driver's seat for BoardSuite's going public transaction," said Oscar A Jofre Jr., Founder, President and CEO of BoardSuite. "He will be responsible for all financial and fiscal management aspects of BoardSuite to meet its business strategy to acquire financial and business services to be integrated into the flagship BoardSuite Portal."
BoardSuite® Corp. (www.BoardSuiteCorp.com), a freemium on-demand board portal, announced today that it has entered into a sponsorship and financing agreement with Kingsdale Capital Markets Inc. ("Kingsdale") to facilitate a Go Public Transaction.
Kingsdale has been engaged by BoardSuite to complete equity financing, to source an appropriate Capital Pool Company for the planned RTO and advise on other aspects of the Go Public process. Kingsdale Capital is an internationally recognized firm delivering corporate finance and capital market solutions for corporations, shareholders and investors.
"BoardSuite's technology platform provides a single point of entry for mandated and trusted services that supports good corporate governance for board managed entities", said Cameron Prange, President, Kingsdale Capital Markets Inc. "We feel their strategy to consolidate the corporate and financial services market in North America for small and medium enterprises (SME) and not-for-profits (NPO) will bring great value to BoardSuite's clients and investors."
BoardSuite® Corp. ("BoardSuite") is pleased to announce the closing of a subscription agreement with China Select Capital Partners Corp. The investment will allow BoardSuite to execute on its business strategy to acquire targeted corporate and financial service providers to integrate to the on-demand board portal.
"We believe BoardSuite has a strong business plan and strong management team to establish a foothold in the board portal software industry worldwide," said Min Kuang, President at China Select. "We will also be assisting BoardSuite on financing and acquisition activities in Asia and the United States."
"BoardSuite remains focused on expanding and enhancing its ecosystem of business services, content, and functionality for its core offering to make our board portal the de facto standard for good corporate governance and regulatory compliance for small and medium enterprises and not-for-profit organizations", said Oscar A. Jofre Jr., Founder, President and CEO of BoardSuite. "Today, more than 6,000 users embrace BoardSuite to manage board communications, oversight and process."
