[March 03, 2011]

Glue Networks Secures $4.5 Million in Series A Financing

Glue Networks, Inc., developer and provider of the world's first enterprise-grade cloud networking service, today announced that it has secured $4.5 million in Series A financing to ramp up its sales efforts and customer-support capabilities.

The new investment comes during a period in which competition for Series A technology investments has been fierce and funding has remained generally low.

Series A investors in Glue Networks include Keiretsu Forum (News - Alert), San Joaquin Angels, Sierra Angels, Sacramento Angels, Sand Hill Angels and Harvard Angels.

"Once industry veterans within top angel groups became aware o the maturity and power of Glue's platform, we were able to rapidly close on our significant Series A financing," said Jeff Gray, Glue Networks Chief Executive Officer. "Our focus to date has been on developing and launching a robust enterprise class platform ready for deploying thousands of end users per day, and this funding will help us accelerate the adoption of our game-changing technology and service."

Remote offices and teleworkers constitute a small fraction of information-technology (IT) infrastructure, but they represent the majority of total IT cost.

Available now, Glue Networks' primary product, Glue Virtual Office ™, extends corporate networks to remote offices and teleworkers at low cost, allowing organizations of all sizes to deliver the high-security, high-bandwidth, real-time applications required by today's workforce. Powered by the company's patent-pending GLUWARE^TM technology, Glue Virtual Office delivers the industry's only virtual office networking platform as a service through an affordable monthly subscription.

Sacramento-based Glue Networks was founded in 2007 and is the only company in the world providing an enterprise-grade cloud networking service. Glue Virtual Office is available to enterprise customers through partnerships between Glue Networks and top service providers and value-added resellers. Additional company information is available at www.gluenetworks.com.

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