Seed round self-funded by founders, Craig Nelson and Craig Dembeck. Series A round for $1.5 million provided by Cargill Ventures and PrairieGold VP.
Competitors
Traditional on-premise enterprise portal software vendors such as Plumtree, Vignette and SharePoint.
Product Description
The hosted icSuite provides on-demand communication portals that change the way businesses communicate. Unlike EPS the icSuite delivers unlimited portal creation capability available within 24 hours. iCentera’s “Portals for Mortals” are created within 5 minutes without the involvement of the IT department. The icSuite integrates content management, portal creation, Weblogs and real-time analytics, empowering companies to communicate with any audience, either internal or external. When companies communicate effectively they deepen relationships and grow revenue.
Market Opportunity
IDC forecasts that Worldwide EPS spending is projected to reach $2.3 billion in 2007, which translates to a global compound annual growth rate of 19.1%. A recent Portals Magazine survey showed that 67% of businesses are pursuing a portal initiative.
DEMO Says
iCentera puts the ability to create unique customer and client sites in the hands of marketing and sales people who own the relationship and the requirement to communicate with specific individuals. This hosted environment changes the way companies present information to key clients, providing unique customer communications that are effective, measurable, quickly developed and cost effective.