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Kapow Technologies Secures $11.6 Million in Series-C Financing

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- Mar 6, 2008 – Kapow Technologies, the expert in harvesting mashable public and private web intelligence with software that turns the web into the world's largest database, today announced that it has signed definitive documents to complete a Series-C financing round of $11.6 million. Closing is expected to occur by March 31. New investors include Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company, and Morgan Stanley's Strategic Investments Group. Previous investors Kennet Partners and NorthCap Partners also participated in the round.

The new funds will enable the company to significantly enhance its software as a service (SaaS) platform and expand its global sales operations in the media, financial services, manufacturing, transportation and government sectors where the company has established a leadership position.

"The advancement of mashup technologies has resulted in new opportunities for data collection, integration and delivery by creating a more useful and valuable resource for businesses and the consumers they serve," said Beau Laskey, managing director of Steamboat Ventures, and newest Board member of Kapow Technologies. "Because Kapow Technologies was first to market with one of the key pieces of technology to create mashups in enterprises, it has achieved hundreds of successful use cases among world's largest companies and the most technically savvy Web 2.0 firms."

"Kapow Technologies is helping transform the way Wall Street collects and repurposes information on the Web for use in new intelligent applications," said Gary Offner, Executive Director at Morgan Stanley's Strategic Investments Group. "We believe that the Kapow Mashup Server has many valuable uses within Morgan Stanley and the financial services industry. As a new investor and licensor of Kapow's software, we look forward to helping the company fulfill its potential."

Contributing to the enterprise mashup and web intelligence trends, Kapow Technologies is the only company that provides enterprise-class server software that enables the harvesting of mashable public and private web intelligence. As the number one solution in its class for three years running, the Kapow Mashup Server is installed at more than 300 companies worldwide, and routinely delivers strategic business and IT results on budgets and timelines that were once thought impossible.

Kapow Technologies Achieves Significant Milestones
Today's financing announcement comes on the heels of closing the company's most successful year ever. Among its many accomplishments in 2007, Kapow Technologies rolled out three new versions of the Kapow Mashup Server, and expanded its management team and operations in Asia, Europe and the United States. It also signed 80 new customers, closed its first million-dollar sale, and was covered in the Wall Street Journal for its success with Audi.

"Kapow Technologies continues to execute on all cylinders," said Javier Rojas, managing director of Kennet Partners, which led the company's Series-B funding round. "The company entered the U.S. market in 2005, and has quickly become a leader in Enterprise 2.0 software. We look forward to continued growth."

About Steamboat Ventures
With offices in Los Angeles, Shanghai and Hong Kong, Steamboat Ventures is a global venture capital fund that invests in digital media, consumer and technology companies in the U.S. and Asia. Steamboat Ventures pursues a distinctive investment strategy, cultivating investment opportunities that are simultaneously financially promising and also possess the potential to have significant strategic interest to The Walt Disney Company. Founded in 2000, Steamboat Ventures has invested in a range of leading digital media and consumer technology companies, including: Fastclick (acquired by VCLK), Iridigm Display Corporation (acquired by QCOM), Pure Digital Technologies, Quigo Technologies (acquired by TWX), Move Networks, 56.com, and UUSee. For more information, please visit http://www.steamboatvc.com/.

About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. For further information about Morgan Stanley, please visit http://www.morganstanley.com/.

About Kapow Technologies
Kapow Technologies is the expert in harvesting mashable public and private web intelligence with software that turns the Web into the world's largest database. Based on the company's patented, visual scripting method, the Kapow Mashup Server powers solutions in reputation management, competitive intelligence, asymmetric intelligence, content aggregation, content syndication, content migration, SOA enablement and business automation at a fraction of the time and cost compared to traditional software methods. As the number one solution in its class for three years running, the Kapow Mashup Server has attracted more than 250 clients such as AT&T, Bank of America, Wells Fargo, CSFB, Intel, Vodafone, Audi, DHL and SimplyHired, and partners such as BEA Systems, IBM and Oracle to power their solutions.

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Media Contacts
Kapow Technologies
Kurt Foeller
+1 415-578-3251