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Neubloc Offers New Software Product Development Investment Program to Help Investors Significantly Reduce Cash Burn
| Source: Neubloc
SAN DIEGO, CA--(Marketwire - November 10, 2008) - Neubloc, a US-based global software product
development services and consultancy provider, has launched a new
investment program for investor portfolio companies to lower cash burn by
50 to 70%. Propelled by recent economic pressures that face angel and
venture capital backed companies, Neubloc now offers critical onshore and
offshore software development services for cash and equity payments with
dual benefits of significantly reducing costs and lowering requirements for
immediate cash expenditures.
The Neubloc investment program enables companies to hunker down and weather
the current economic environment where cash is king. Many software
companies' single largest cash expenditure is human resource costs
associated with R&D. Neubloc reduces the rate of spending and need to
utilize cash reserves between time periods of capital investments by
providing critical software development resources for equity. The
cash-to-equity ratio varies per client.
"Neubloc has decided to take a decidedly contrarian view to the current
mood of economic doom and gloom and help companies manage through
challenges," says Armando Viteri, CEO and president of Neubloc. "We
believe now is the greatest opportunity to invest in early and growth stage
companies and our program provides an extension of resource and investment
capital to allow companies to thrive and prosper."
Angel investment groups and ventures capital firms can partner directly
with Neubloc to take advantage of the equity financing options or recommend
individual software companies in their portfolio to participate in the
program. US-based Neubloc manages a full range of product develop
services that is geography independent. Neubloc is focused solely on
software development and specializes in understanding the complexities of
software development for companies in all stages from startup to
turnaround. Neubloc has multiple development centers in the US, Central
Europe and Latin America.
About Neubloc. - Neubloc LLC, is an international software product design
and development firm that helps clients produce market-driven products,
from strategy to execution and maintenance using onshore and offshore
resources. Offerings include Product Design and Development, Rightsource
Roadmaps, and startup Virtual Design and Engineering Departments (VDEDs).
Neubloc is geography independent, specializing in a Rightsource model by
coupling the best of US-based consulting, design, architecture, engineering
and project management. Neubloc has two US, three Polish and two Latin
American development centers providing critical mass in scalability,
technologies and headcount using a "follow the sun" business model
leveraging a 24-hour work day. To learn more, please visit
www.neubloc.com.