Fairfax, VA (November 18, 2008) – RollStream Inc., the leading provider of enterprise community management solutions, today announced it has secured $6 million in Series B funding. The investment was led by Washington, DC based Core Capital, with participation from existing investor Vienna, VA based Grotech Ventures. In conjunction with this new investment, Will Dunbar, Managing Director at Core Capital, has been named to RollStream’s Board of Directors. Both venture capital firms have impressive track records for leading high-potential technology companies to success.
“We are pleased to secure this latest round of funding. Raising capital in today’s tough economic climate is a significant achievement and a direct reflection of our efforts to solve the last great problem in global supply chains: inefficient human interaction, stated Kristin Muhlner, CEO of RollStream.
RollStream delivers an innovative solution for enterprise community management. Unlike systems that simply deliver business transactions between trading partners, RollStream optimizes business relationships by accelerating person-to-person interaction across the extended supply chain. The hosted software solution enables businesses to reduce the cost to manage large partner communities by speeding collaboration and communication amongst manufacturers, suppliers, distributors and customers. RollStream customers use the solution to centralize trading partner contact and credential information; to manage partner registration, on-boarding and maintenance; and to streamline one-to-many and one-to-one performance or compliance initiatives.
“As global supply chains continue to face increased financial, regulatory and competitive pressures, they must consider solutions like RollStream to increase the profitability of their business relationships,” said Will Dunbar of Core Capital. “As the early leader in the growing enterprise community management market, RollStream is poised to revolutionize this space, and Core Capital is excited to work with the company as it expands its reach.”
“RollStream understands how the Software as a Service model can help companies affordably improve trading partner communication and collaboration. This, combined with an impressive record for delivering significant ROI to customers like Tesco and Owens & Minor, continues to drive our interest to invest,” said Steve Frederick, of Grotech Ventrues.
RollStream already has over 19,000 registered trading partners and 50,000 human contacts distributed across multiple vertical industries. The funding will be used to accelerate the development of innovative solutions and to power RollStream’s continued growth throughout North America.
About Rollstream, Inc.
RollStream is the leader in enterprise community management. RollStream delivers an online solution for accelerating communications and collaboration across the global supply chain. Industry leaders like McKesson Medical-Surgical, Owens & Minor and Tesco use RollStream to significantly reduce the cost and time required to onboard partners, communicate operational changes, and rollout sales and marketing initiatives. Learn more at www.rollstream.com.