Connotate Closes Additional Funding

9 December 2008

Connotate, the leading provider of solutions which transform information from the Web and enterprise into user-empowered on-demand applications and actionable intelligence, announced today that it recently closed on a multi-million dollar financing transaction.

"We’re pleased with the continued support of our investors and the investment community," said Bruce Molloy, CEO of Connotate. “The value that investors see in Connotate is clear.”

Demand continues for Connotate’s Agent Community GEN2™ solution. As companies strive to be more efficient, part of that equation is gleaning actionable intelligence from information residing on the Web or within enterprise systems. To that end, Connotate has remained focused on raising the additional working capital needed to fuel its continued operational, product development, sales and marketing efforts.

In the current environment, Connotate customers are seeing productivity gains in both efficiency and information accuracy by deploying a cost-effective solution. By automating the data and intelligence collection process, enterprises and individuals can better track, share and extract key data and information from a wealth of web pages and data sources.

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