Calabrio Secures $8 Million in Series B Funding.MINNEAPOLIS -- Calabrio, Inc., a leading provider of workforce optimization and unified desktop software for IP-based contact centers, today announced that it has closed an $8 million Series B round of financing from BlueStream Ventures and Split Rock Partners. The financing coincides with Calabrio's formal spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from Spanlink Communications on Nov. 1, 2007. The proceeds will be used for research and development, marketing, and expanding the company's resources dedicated to supporting channel partnerships. The Calabrio suite integrates a variety of applications that increase contact center efficiency and effectiveness in key areas, such as improving the customer experience and contributing to improved revenue and profitability goals. At the same time, Calabrio makes it easier for IP-based contact center organizations to deploy, support and use the software so that they can realize results from their investment. For example, Calabrio customers can create forecasts, generate work schedules, measure quality and efficiency, access reports and alerts, and collaborate within their teams to impact performance - all from a common desktop. Calabrio products are distributed through an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationship with Cisco and through direct relationships with certified See certification. partners globally. Calabrio's products have been installed on more than 500,000 desktops worldwide for customers including Getronics, Allianz Life Insurance, and Jostens. "Our goal is to provide IP-based contact centers with software that helps them support the goals of the business, such as revenue growth and customer satisfaction, while setting new standards in terms of integrated functions and ease of use," said Paul Lidsky, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Calabrio, Inc. "The financial support from BlueStream Ventures and Split Rock Partners validates the strength of our software and our team. With these funds, we will be able to further bolster and expand our leading suite of integrated contact center applications." Travis Winkey, co-founder of BlueStream Ventures, and Michael Gorman The name Michael Gorman or Mike Gorman may refer to:
"Calabrio software has delivered bottom-line results for both mid-sized and Fortune 500 companies," said Gorman. "The company's software is well positioned to respond to the global need for next-generation contact center solutions because it is built from the ground up to leverage the benefits of VoIP. Calabrio also has made great progress in developing new relationships with channel partners who are committed to delivering proven solutions to their clients in the contact center market." Winkey noted that this financing positions the business for future success. "Operating as a separate company heightens Calabrio's visibility and its ability to attract and train more partners," said Winkey. "Our financial support reflects our confidence in the company's strategy and the size of the market opportunity. We are looking forward to working with Paul and his team as they form new partnerships to increase market share for their products." About Calabrio, Inc. Calabrio, Inc. develops and markets a comprehensive suite of customer interaction and workforce optimization software Free and Open Source software
About Blue Stream Ventures BlueStream Ventures, with offices in Minneapolis and Sunnyvale, Calif., invests in growth stage technology companies operating within the communications, enterprise and infrastructure software, storage and wireless sectors. BlueStream Ventures brings more than 60 years of collective venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so , research, investment banking, operations, mergers and acquisitions and advisory experience to our portfolio companies. For more information, visit www.bluestreamventures.com. About Split Rock Partners Split Rock Partners, with offices in Minneapolis and Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif., invests in emerging Internet services, software, and healthcare companies primarily in the Upper Midwest The Upper Midwest is a region of the United States with no universally agreed-upon boundary, but it almost always lies within the US Census Bureau's definition of the Midwest and includes the states of Minnesota and Wisconsin, as well as at least the Upper Peninsula of Michigan. and on the West Coast. Split Rock Partners was formed in June 2004 by the Internet, software, and healthcare investment teams of St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Venture Capital (SPVC SPVC Soft Permanent Virtual Connection SPVC Switched Permanent Virtual Circuit SPVC Security Policy Verification Committee SPVC Soft Permanent Virtual Circuit ), and continues to manage SPVC's existing portfolio in these areas. Representative companies in the Split Rock Partners portfolio include Compete, Internet Broadcasting Internet Broadcasting (formerly Internet Broadcasting Systems), or IBS, is a provider of television station web sites. IBS hosts over 70 local stations' sites, and co-produced NBCOlympics. , LowerMyBills (sold to Experian in 2005), MyNewPlace, QuinStreet, and SPS (Standby Power System) A UPS system that switches to battery backup upon detection of power failure. See UPS. SPS - Symbolic Programming System. Assembly language for IBM 1620. Commerce. For more information, please visit http://www.splitrock.com. |
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