TrackVia Announces Series A Funding
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
Share
TMCnews
[July 15, 2008]

TrackVia Announces Series A Funding

(Marketwire Via Acquire Media NewsEdge) DENVER, CO, July 15 / MARKET WIRE/ --

TrackVia, Inc. (www.trackvia.com), provider of a
powerful online database application for small to mid-sized businesses
(SMBs), today announced that the company has received Series A funding from
a syndicate of investors led by FlyWheel Ventures and Access Venture
Partners.

Since the company's launch in 2006, thousands of active, paying users have
chosen TrackVia to help their teams better track and collaborate on their
business critical data. TrackVia's customers have found it to be the best
"one-stop shop" for managing data online, and they rave about the product's
blazing fast performance and the company's dedication to customer support.

"The fun thing about providing an online database application is that our
customers come from all different industries, and they use our product to
solve an incredibly diverse set of problems," said Chris Basham, co-founder
and president at TrackVia. "This funding will enable us to continue to
innovate our product to grow with our customers' needs, and to get the word
out about TrackVia to the millions of businesses worldwide that need a
better way to track their business information."

Today, most SMBs still use a hodge-podge of systems and software products
to collect, manage and share data, a limiting and time-consuming approach.
TrackVia's mission is to revolutionize the way small businesses collect,
organize and share data, which means providing a powerful online database
application that includes a practical feature set: granular user permission
settings, mail merge, customizable database views, web forms, and one-click
statistical analysis.

"For several years, I've seen a huge opportunity for a flyweight database
company to enter the market and be incredibly disruptive, just as we saw
happen with Skype and Hotmail," said Tim Draper, one of TrackVia's
prominent angel investors. "When I heard about TrackVia, met the team, and
used the product, I knew I'd found that company."

TrackVia stands out among all software-as-a-service companies because of
its intense focus on the "behind the scenes" infrastructure that delivers
the application. While back-end infrastructure efforts are typically
thought of as un-sexy, and invisible to end-users, TrackVia views its
infrastructure and systems administration duties as being just as critical


as customer-facing features. This focus is why TrackVia has an impeccable
uptime record, and is why TrackVia will retain its blazing speed and
responsiveness as its user base continues its rapid growth. It also
explains the company's popularity with real businesses.

"TrackVia stands apart in the online database market," said Scott Caruso of
FlyWheel Ventures. "We've chosen to invest in TrackVia because of the
team's amazing track record at providing a world-class product, and at
signing up customers who pay for the service. As a result TrackVia is the
fastest, most powerful and easy-to-use database option for SMBs on the
market today."



According to IDC, the worldwide relational database management systems
market saw a 12.6 percent growth spike in 2007 to US$18.8 billion compared
to $16.7 billion in 2006.

About TrackVia

TrackVia provides a powerful online database application for real
businesses. The web-based service gives organizations greater flexibility,
visibility and control over their data through features such as the ability
to manage mailing lists, clients and contacts; organize assets, inventory,
locations or partners; sort and filter information; create custom reports,
share data in real-time and set up different levels of permission-based
access. TrackVia has received funding from Flywheel Ventures, Access
Venture Partners and other private investors.

For more information, please visit www.trackvia.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=797316

Copyright ? 2008 Marketwire

[ Back To TMCnet.com's Homepage ]


Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
Featured White Papers
Top Stories
Related VoIP News

Subscribe FREE to all of TMC's monthly magazines. Click here now.