FOSTER CITY, Calif., August 16, 2004 -
Furthering its leadership as the premier provider of solutions that
secure, manage, and extend instant messaging (IM) and P2P, FaceTime
Communications today announced the company has received $16 million
in venture capital financing. The oversubscribed series was led by
new investor, JK&B Capital, and includes participation
from existing investment partners: BA Venture Partners, Sutter Hill
Ventures and TH Lee Putnam Ventures. This financing round marks a
combined total of $30 million invested in the company since July
2001. FaceTime Communications is the most widely deployed provider
of extensible, end-to-end IM security and management solutions that
address network and information security, user and policy
management, and regulatory and corporate compliance. The Company
will leverage this investment to continue its expansion and
leadership position. "FaceTime Communications has seen tremendous
momentum during the past two years," said Kailash Ambwani,
president and CEO of FaceTime Communications. "From our customer
acquisitions to solid execution and international expansion,
FaceTime continues to attract the support of new and existing
investors. Our latest financing initiative was oversubscribed and
completed in a swift fashion. We believe this is indicative of the
growth of this space, and strong validation of our leadership in
the industry." FaceTime Communications achieved record performance
in Q2 2004. The company signed several new customers including a
Fortune 500 insurance company. The company continued to diversify
its customer base by expanding its footprint in vertical markets
such as energy and government. (See related release entitled
"FaceTime Communications Announces Record Performance in Q2"
distributed today on PR Newswire). "We've had our eye on the IM
security and compliance market for some time," said Tom
Neustaetter, Partner, JK&B Capital. "IM has proliferated and
become an integral part of day-to-day operations in the workplace.
This is due, in part, to FaceTime and its award-winning technology
that has always enabled customers to safely and securely embrace IM
in the workplace. We strongly believe that FaceTime is the best
choice in this industry for our investment." "FaceTime has
continually exceeded our expectations with its deliverables," said
Sharon Wienbar, partner, BA Venture Partners (BAVP) and board
member for FaceTime. "FaceTime's ability to increase its customer
base and provide market-driven, business-critical IM security and
management solutions illustrate its continued growth potential. Our
latest investment demonstrates BAVPs ongoing commitment to FaceTime
and confidence in the growth of this market." With this news, Tom
Neustaetter, Partner at JK&B Capital becomes a member of the
FaceTime Board of Directors. He joins other Board members Kailash
Ambwani, president and CEO, FaceTime Communications; Jim Brown,
managing director, TH Lee Putnam Ventures; Tench Coxe, managing
director, Sutter Hill Ventures; Mehdi Maghsoodnia, founder,
FaceTime Communications; Robert D. Thomas, former president and
CEO, NetScreen Technologies; and Sharon Wienbar, director, BA
Venture Partners.
About Actiance, Inc. (Formerly FaceTime Communications, Inc.)
FaceTime Communications became Actiance, Inc on January 11, 2011 following an agreement to
transfer the FaceTime trademark to Apple.
FaceTime Communications enables the safe and productive use of Unified Communications and Web 2.0,
including instant messaging, blogs and social networking. Ranked number one by IDC for five consecutive
years, FaceTime's award-winning solutions are used by more than 1,500 customers for the security,
management and compliance of real-time communications. FaceTime supports or has strategic partnerships
with all leading IM, unified communications providers and social networks including AOL, Google, Yahoo!,
Skype, Microsoft, IBM, Cisco, Facebook, LinkedIn and Twitter.
FaceTime is headquartered in Belmont, California. For more information visit
http://www.facetime.com or call 888-349-3223.
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