Exceptional Growth and Leading Edge Technology Positions Interneer to Dominate the Browser-Based Enterprise Application Market
LOS ANGELES, CA--(Marketwire - March 5, 2008) - Interneer, Inc. (www.Interneer.com), one of
today's rising innovative enterprise software companies, announced today
that it has secured more than $1.2 million from existing and new investors.
The new investment will be used to expand operations in all areas to
support the explosive growth of the company. Interneer's Instant
Application Platform (IAP) enables companies to translate their custom
business processes and ideas into browser-based enterprise applications, in
weeks -- WITHOUT programming.
"Interneer's ability to address the need for custom enterprise applications
in an innovative and cost-effective manner is truly exciting," said Michael
Edell, CEO and President of Interneer. "The team at Interneer has
assembled an unparalleled depth of technical expertise and a broad
portfolio of flexible enterprise software solutions that can make a
significant, positive difference in any number of markets."
In the past few months, Interneer has acquired several new clients
including market leaders like Borders, Stillwater Designs and Audio, and
Cascade Management which were drawn to Interneer's ability to deploy custom
enterprise applications in the least amount of time and cost using
Interneer's IAP, a patented technology, and leveraging the expertise of the
Professional Services team. The IAP allows users the convenience of being
able to customize the solution to fit their exact business needs and make
changes to the software in minutes, unlike rigid, out-of-the-box software,
which plays a significant part when deciding on software. Most important,
the IAP enables companies to improve productivity and accelerate the
achievement of business goals.
Michael Edell, CEO of Interneer, Inc., spearheaded the fund raising
efforts: "We are very pleased to have closed this round of funding which
will enable Interneer to continue the aggressive growth and momentum the
company experienced from 2006 to 2007. Interneer's ability to attract
premier clients and substantial investments clearly makes it a company to
About Interneer, Inc.
Founded in 1998, Interneer has been providing innovative products and
services to facilitate the design, configuration and deployment of custom
browser-based enterprise applications which are offered as either
SaaS-hosted or premise based -- licensed. Interneer's Instant Application
Platform (IAP) brings a new class of custom enterprise applications
integrating workflow, without programming. The IAP includes a vast array
of features and functions, delivery options and a number of flexible
industry, category and compliance solutions. Many leading companies have
trusted and depended on Interneer's technology and have benefited from
applications configured using the IAP.