SOURCE: Sonian

Sonian

September 15, 2009 09:00 ET

Sonian Closes $5.6 Million in Series A Funding

Backing From Prism VentureWorks and Summerhill Venture Partners in Competitive Financing Market Validates Cloud-Based SaaS Platform

DEDHAM, MA--(Marketwire - September 15, 2009) - Sonian Inc. (www.sonian.net), a creator of cloud-powered, software-as-a-service data management services, today announced it has secured $5.6 million in Series A funding from Prism VentureWorks and Summerhill Venture Partners.

As a result of the financing, Prism's Will Kohler and Summerhill's Gary Rubinoff have also joined the company's Board of Directors. Other company advisors include John Landry, the former VP of Technology Strategy at IBM and CTO of Lotus Development.

Sonian's financing will be used to expand the company's marketing and engineering efforts.

Company Founder Greg Arnette formerly started and served as CTO of IntelliReach Corporation, a pioneer in integrated messaging management, which was acquired by Infocrossing. An expert at leveraging open source technology within virtual environments, Arnette founded Sonian in 2007 to solve ever-increasing data management and archiving demands with a software solution designed to run on next-generation cloud infrastructure. As a result, Sonian is the first SaaS archive and analysis solution to launch from the cloud to be the trusted caretaker for all enterprise data.

President and CEO George Nichols Jr. brings over 18 years of executive leadership in the technology industry. His career includes executive-level operational responsibilities, including strategy, sales, business and corporate development. Formerly, he was with Dialogic Communications, a provider of hosted critical messaging systems. Dialogic grew from a $4.5 million to $21 million operating company and was acquired in 2006 by Plant CML, a Golden Gate Capital portfolio company.

"Sonian sees a sizeable opportunity in uniting cloud computing with managing employee-generated content and creating value-added services for this rich data," said George Nichols, President, Sonian Inc. "Prism and Summerhill share our vision for 'Hybrid IT,' one where businesses strategically and tactically meld cloud-powered SaaS functions with on-premise servers in order to access their data seamlessly, instantly and cost-effectively."

"The current economic environment dictates that companies stand out across a broad spectrum of skills -- from the strength of the executive management team to product development and execution," said Prism's Will Kohler. "Given their collective past successes, the team at Sonian clearly understands the important role virtualization will play in running and maintaining corporate data systems. We are pleased to have identified a fast-growing, promising company like Sonian, with which we're able to work collaboratively to achieve business success."

About Sonian Inc.

Sonian is a technology and hosted services company on a mission to help millions of organizations world-wide manage their critical IT data retention functions such as archiving, search, compliance, e-discovery, information governance and storage management. The Sonian service is easy to use, cost effective, scalable and secure. The company leverages a mixture of Web 2.0 frame works, open source components, proprietary intellectual property, and cloud computing infrastructure to deliver competitive hosted services at a fraction of the cost of other current vendors. For more information, visit www.sonian.net.

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