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Cliqset Secures $1.5 Million in Angel Funding

Capital to Drive Growth and Innovation for First-of-Its Kind Platform for Social Applications

JACKSONVILLE, FL -- (Marketwire) -- 06/01/09 -- Cliqset today announced that it has secured $1.5 million in angel funding to further drive growth and innovation of its company and platform, which offers both developers and users new ways to create, organize and share social information on the Web, desktop and mobile environments.

With its first beta launch in March 2009, Cliqset unveiled its back-end platform of rich social APIs for developers to be able to build the most unique social applications and gave users an opportunity to share their social data across social networks and services. Today, the company announced the launch of its second beta, offering push/pull third-party integrations and location-aware APIs, as well as a developer challenge consisting of $30,000 in prizes to inspire creativity in application design and enhance user experience on the platform.

"Cliqset's platform is helping to stitch together the social Web by creating a more social, open and user-centric experience for users and developers," said Darren Bounds, co-founder and president, Cliqset. "By embracing Open Web standards and creating a platform that helps developers build any sort of social application for the Web, desktop and mobile devices, we want to create the most vibrant, open platform for social applications and users."

Angel funding was provided by Derek Mercer, an entrepreneur and investor who serves on the boards of several companies including Cliqset and several other fast-growing enterprises across a variety of industries. Previously, Mercer was the chairman and CEO of Vurv Technology, a global provider of on-demand talent management software that he founded in 1996 and led through its growth to over $50 million in annual revenue, delivering software to more than 350 enterprise clients and nearly 2,000 small and medium businesses. Throughout his tenure at the company, Mercer was responsible for the development of eight commercially available software products. Vurv was acquired by Taleo in 2008 for about $128.8 million.

Connect with Cliqset

Follow us on Twitter: http://twitter.com/cliqset

Blog: http://blog.cliqset.com/

About Cliqset

Cliqset is a platform that offers both developers and users new ways to create, organize and share social information on the Web, desktop and mobile environments. With a rich, scalable set of read/write social APIs, Cliqset securely brokers access to social information for developers to quickly and easily integrate as much or as little social functionality into their applications as they'd like, and helps users safely share their social information with sites, services and people on the Internet. Cliqset is privately held and based in Jacksonville, Florida. For more information, please visit: www.cliqset.com.

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