FOSTER CITY, CALIF. - September 10, 2007 -
FaceTime Communications, the leading provider of solutions that
control greynets and manage unified communications in the
enterprise, today announced it has received $15.6 million in new
investment capital that is expected to fund the company through
profitability. The investment was led by the Credit Suisse NEXT II
Fund, with all existing investors, Sutter Hill Ventures, JK&B
Capital and Scale Venture Partners, also participating.
FaceTime had intended to raise approximately $10 million to fund
its long-term strategic plan to profitability. However, demand from
investors drove the higher investment amount.
"This investment is a strong validation of both the growing
opportunity for unified communications and FaceTime's leadership
position in the market," said Kailash Ambwani, president and CEO of
FaceTime. "As businesses have adopted unified communications
through both consumer and enterprise applications, FaceTime's
strategy of delivering the most comprehensive security and
compliance platform has resulted in accelerated growth."
FaceTime's market position has been validated by leading
information technology market research and advisory firm IDC, which
recently named FaceTime the market share leader among instant
messaging management vendors for the fourth consecutive year. The
ranking was announced in IDC's recent report, "Worldwide Enterprise
Instant Messaging Applications and Management Products 2006 Vendor
Shares: IM and Presence Are Ready for Broader Collaboration" (IDC
#208000, August 2007).
FaceTime will use this investment to expand and accelerate its
market strategy. As a first step in its market expansion, the
company today also announced its Unified Security Gateway (USG).
From a single platform, USG integrates management, security and
compliance of Web usage; greynet applications such as public IM,
Skype and P2P; and enterprise-class unified communication platforms
such as Microsoft's Office Communications Server and IBM Lotus
Sametime.
Steve Yatko, managing director and head of global information
technology research and development for Credit Suisse, said,
"Clearly Internet applications are going through a radical
transformation, and we believe FaceTime represents a comprehensive
and compelling vision for unified communications management and
security. We have been familiar for several years with FaceTime's
team, solutions and commitment to providing comprehensive security
and compliance for organizations that are enabling safe and secure
Web and real-time communications on their enterprise networks." He
went on to say, "We are convinced that information technology
decision makers throughout the world increasingly will rely on
FaceTime to provide comprehensive security, management and
compliance for their Web and real-time Internet
communications."
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its
clients with investment banking, private banking, and asset
management services worldwide. Credit Suisse offers advisory
services, comprehensive solutions, and innovative products to
companies, institutional clients, and high net-worth private
clients globally, as well as to retail clients in Switzerland.
Credit Suisse is active in over 50 countries and employs
approximately 40,000 people. Its parent company, Credit Suisse
Group, is a leading global financial services company headquartered
in Zurich. Credit Suisse Group's registered shares (CSGN) are
listed in Switzerland and, in the form of American Depositary
Shares (CSR), in New York. Further information about Credit Suisse
can be found at www.credit-suisse.com.
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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