Central Desktop Raises $7 Million

Central Desktop, a Pasadena, Calif.-based provider of business collaboration platforms, has raised $7 million in first-round funding from OpenView Venture Partners.

 

PRESS RELEASE

 

Central Desktop, the Complete Business Collaboration platform for business teams, today announced a $7M investment from OpenView Venture Partners. The funding is the company's first round of institutional investment and will be used to further accelerate Central Desktop's R&D, marketing and sales efforts into the under-served SMB market that requires robust business tools with ease of use at affordable prices. The company now serves over 125,000 users and business teams as its approach to Business Collaboration continues rapid adoption in the SMB market. In related news, (see: http://centraldesktop.com/customers), Central Desktop was named a finalist in both the 2008 Red Herring 100 and SoftwareCEO's Most Innovative General Business Software Awards.

 

“We were customers before investors,” said Scott Maxwell, Founding Partner, OpenView Venture Partners. “Not only have these guys created a truly remarkable product, but the traction Isaac and Arnulf have achieved without any capital resources is unprecedented. We evaluate 3,000 companies for every one we invest in, and I have extremely high expectations for Central Desktop, not only because of the great market opportunity here, but because I believe this team is capable of true greatness.”

 

 

Central Desktop, delivered as a pure-play web-based collaboration platform (SaaS) allows business teams of all sizes to work virtually and seamlessly without the IT hassle. Uniquely positioned to serve the mid-market,  Central Desktop's platform delivers the richest set-of-tools available for business users with ease-of-use at a price-point, leveling the playing field for small and mid-size companies wishing to do business with enterprise partners and customers. Its complete set of collaboration tools, all accessible from a single workspace, help teams connect, share and collaborate on business activities seamlessly and inexpensively. The technology is as simple as launching a web browser. 

           

“We believe that SMBs often don't receive the level of service and support they need from the larger software vendors in our space,” said Isaac Garcia, CEO, Central Desktop. “We chose OpenView Venture Partners because they're committed to helping us build a sustainable customer focused business. This investment will allow us to stay focused on product enhancements based on user feedback and continue to build a scalable 24×7 service and support organization. Our customers rely on us to manage their day-to-day business operations, and we take this very seriously.”

 

Central Desktop has received considerable market praise this year via industry awards and recognitions, including;

 

         2008 SoftwareCEO's Most Innovative General Business Software Award: Finalist

         2008 North America Red Herring 100: Finalist

         PricewaterhouseCoopers and Entretech 5th Annual Entrepreneurship Awards 2008: Finalist

         To EContent 100: Named “Companies That Matter Most”

 

 

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About Central Desktop

Central Desktop delivers a Complete Business Collaboration platform for the mid-market enabling business teams to connect, share, collaborate and manage business both internally and externally on customizable web workspaces. Its solution is delivered as a pure-play web-based platform (SaaS) that combines the most robust collaboration tools available with consumer-level service and afford-ability. Central Desktop enables teams of all sizes to work virtually and seamlessly without the need for IT resources, leveling the playing field for SMBs wishing to do business with the Fortune 5000 through technology that is as simple as launching a browser. Central Desktop was founded in 2005, and is a privately-held company located in Pasadena, California. For more information, visit www.centraldesktop.com.