FOR IMMEDIATE RELEASE
Contact:
Aly Saxe
Ubiquity
Public Relations
(602) 268-6849
aly@ubiquitypublicrelations.com
Flypaper Studio, Inc. Closes $3 Million in Series A Funding
As Company
Launches Flypaper Product at DEMO 08
Breakthrough Rich Media Technology
Allows Anyone to Easily Create, Edit and
Share Flash®-Quality, Interactive
Stories on the Web
(PHOENIX,
Ariz. – February 6, 2008) – Flypaper Studio, Inc., an innovator
in rich media content software and services, today announces the company has closed $3 million in Series
A funding. The venture capital round comes from Sierra Ventures of Menlo Park,
California, and SCF Arizona of Phoenix, Arizona.
“We can easily see
how Flypaper solves a problem for businesses, while providing something very simple
and attractive for consumer use as well,” commented David Schwab, managing
director at Sierra Ventures. “Early recognition of Flypaper has been
substantial. With Pat Sullivan and his team leading the way, we anticipate
growth of the company and success of the product to come very quickly.”
Duane Miller, chief business development office
for SCF Arizona went on to say, "We are excited to follow on our Invest
Southwest Investing Sponsor Award with additional funding. The Flypaper
management team has taken an exciting concept and built a multi-dimensional
business model around it to address a very large market opportunity."
Flypaper was launched
last week at the exclusive DEMO 2008 Conference, held January 28-30 in Palm
Desert, California. The company took home a coveted “DEMOgod” award, which
recognizes the top new products from the conference. Flypaper allows users to
easily create, edit and share Flash®-quality, interactive presentations and
rich media content for Web-based delivery or live. With Flypaper, anyone can
tell impressive stories without the cost and complexities of custom Flash
design and development. Flypaper is available as a free download from Flypaper.net.
The professionally designed story templates, called
models, can easily be edited, shared and endlessly reused.
The
Flypaper Web site hosts an ever-growing library of models and content, making
it especially easy for users to download, customize and share new creations. For users who require additional help with customized
presentations, interactive training content development, branded model
templates or hosting, Flypaper offers advanced business services at a fraction
of the costs typically associated with interactive development projects.
Flypaper brings a
seasoned team of executives in the software industry, including veteran
software entrepreneur Pat Sullivan who was recently named CEO. Sullivan’s
background includes starting and leading many successful software companies
such as ACT!® and SalesLogix®.
The proven Flypaper management team is rounded out by
veteran entrepreneur and Flypaper founder, Don Pierson, now executive vice
president of services; successful technology executive and former general
manager of ACT! and co-founder of SalesLogix, Greg Head, now Flypaper executive
vice president of products; proven development executive and former co-founder
of SalesLogix, Sunil Padiyar, now executive vice president of community; Pat
Stoner, now CFO, was the former president of Omega Legal Systems and
Learning-Edge; and Brandon Zeuner, now executive vice president of sales, was
the former director of key accounts at SalesLogix.
About Flypaper Studio, Inc.
Flypaper Studio, Inc.
is a Phoenix-based technology innovator focused on revolutionizing the way
people create and deliver rich, interactive content for the web. Flypaper
allows everyday users to produce high-impact stories that rival the
interactivity and quality of custom Flash development without the cost and
complexity. From the Flypaper Web site, users can download the free application
and access an endless variety of professionally designed, Web-ready pages –
called models. Users simply drag and drop a model into the tool, customize and
immediately publish the new creation for live presentations or Web-based
delivery. To learn more or to download your free Flypaper software, visit www.Flypaper.net.
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