KnowledgeVision Gets $2M Funding

KnowledgeVision Systems, the Massachusetts-based maker of multimedia presentation tools, closed $2 million in Series A financing from a group of investors led by GrandBanks Capital. The company will take GrandBanks’ Jeffrey P. Parker and Charles R. Lax as its newest members of its board of directors.

PRESS RELEASE:

Concord, Massachusetts (Vocus/PRWEB) January 04, 2011 — KnowledgeVision Systems, a leading creator of tools and services for creating online, on-demand and live multimedia presentations, has closed $2 million in Series A financing from a group of investors led by GrandBanks Capital. The company will use the funds to expand its software tool and service offerings, and to accelerate its market development activities worldwide. KnowledgeVision is already in use in many of the leading technology, healthcare, financial services, retail, professional services, and not-for-profit organizations in the world.

Concurrent with closing this venture financing, KnowledgeVision welcomed two new members to its Board of Directors, Jeffrey P. Parker and Charles R. Lax. The former CEO of Thomson Financial, co-founder of First Call and CCBN.com (Corporate Communications Broadcast Network), Jeff Parker brings extensive experience in building high-value, subscription-based businesses to the KnowledgeVision board. A venture capitalist with remarkable success in helping to build dozens of highly successful companies with 32 exits and 15 IPO’s, Charley Lax will bring decades of experience in value creation to KnowledgeVision.

“GrandBanks Capital is a great partner at this stage in KnowledgeVision’s evolution,” said KnowledgeVision CEO and President Michael E. Kolowich. “GrandBanks was quick to recognize the need to reinvent the business presentation for an online, on-demand, anytime/anywhere world. It’s a universal problem, and KnowledgeVision is taking it head-on. This investment will help us branch out beyond our enterprise tool base into services that can help every businessperson and communications professional in America, and around the world.”

For a demonstration of KnowledgeVision in action, point your browser to: knowledgevision.com/introduction.

About KnowledgeVision Systems

Massachusetts-based KnowledgeVision Systems is the creator of KVStudio, subscription-based software for synchronizing video or audio, PowerPoint and other images, just-in-time footnotes, and virtual handouts into interactive presentation experiences. KnowledgeVision is the most flexible online presentation platform in the world. KnowledgeVision presentations are used in the Americas, Europe, and Asia for sales and marketing, training and professional development, and communications with customers, employees, and investors. KnowledgeVision presentations can be viewed 24/7, 365 days a year, from any web browser anywhere in the world.

About GrandBanks Capital

GrandBanks Capital invests in early stage companies located primarily in the eastern part of the United States and Canada. Recognizing new technologies with the potential for significant impact, GrandBanks Capital team members and partners have been lead investors and senior executives for some of the most successful companies in their respective sectors, including Yahoo!, E*Trade, Art Technology Group, GEAC, GeoCities, Multex Systems, 1800Flowers.com, GSI Commerce, SoftBank, EMC Corporation, Thomson Financial, First Call, CCBN, Lycos, The Learning Company, State Street Bank and Phoenix Technologies LTD. With headquarters outside of Boston, the firm has proven investment expertise in information technology, software, internet and communications, mobile media, financial services, and wireless technologies. The GrandBanks Capital portfolio currently includes; Coradiant, Ember Corporation, Exit41, First Coverage, GlassHouse Technologies, I Love Rewards, KnowledgeVision Systems, Nexage, OutStart, SendMe Mobile, SilverRail Technologies, Where, Vela Systems, and Vivox. For more information on GrandBanks Capital, visit http://www.GrandBanksCapital.com.