Ontier Inc Exceeds Goal in Funding Round
Accelerating interest in Ontier leads to oversubscribed round
Portland, Oregon—January 2, 2009 — Ontier Inc., developer of on-demand software that accelerates business communication, today announced it has oversubscribed its initial funding goal, bringing in more investment dollars than originally planned. Most recently, Doug Fieldhouse joined a number of other prominent business leaders including Les Fahey and Paul Gulick in backing Ontier. The company reports that 90% of its investment dollars in this round have come from the Portland area.
“We are very pleased with the interest and support from the investment community,” said Ontier CEO Sebastian Rapport. “It is a healthy sign that early-stage funding is still available for startup companies despite the current financial climate. With this type of support, young companies can play an essential role in helping to restore economic vitality.”
Ontier will use the funds for ongoing development and a customer beta program in early 2009.
About Ontier
Ontier (http://www.ontier.com) delivers on-demand software that accelerates business communication by filling the significant gap between e-mail and web conferences. With Ontier, proposals are delivered convincingly; feedback on projects is gathered more quickly; and customer support costs are lowered. Ontier provides the power of in-person interaction and the convenience of email. It’s what email should be – fast and natural communication that speeds business along. Ontier Inc. was founded in early 2008 in Portland, Oregon.
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