Enterprise 2.0 Company Dabble DB Product Goes Live
- Company Receives Venture Capital Financing from Ventures West
http://www.dabbledb.com
Vancouver, BC, June 27, 2006--(T-Net)--Dabble DB, provider of a robust and flexible platform for building collaborative, data driven, web based applications, announced today that it has closed a venture financing with Ventures West. In conjunction, Dabble DB also announced it has officially launched the Dabble DB product to the public.
"We are very happy to announce this funding and to have Dr. Paul Kedrosky joining our board" said co-CEO Avi Bryant. "Dr. Kedrosky brings to the table a depth of knowledge and experience, of both the technology and the business of the web that we simply couldn't find anywhere else. As first time entrepreneurs, we are grateful to Paul and Ventures West for their refreshing and friendly approach towards us and the financing process.”
Founded by Mr. Bryant and co-CEO Andrew Catton, Dabble DB has created a hosted product for the online storage, sharing, and manipulation of data. Dabble DB combines the best of group spreadsheets, custom databases, and intranet web applications into a new way to manage and share your information on the web.
Mr. Catton added: "We have been granting early-access accounts for some time, but are very pleased to now be offering Dabble DB to the general public. Our customers have been building Dabble databases to manage projects, track assets, schedule events and more - all in ways that exactly match their business. Along with our acclaimed user interface, one particularly distinctive feature is the ability to start with a simple spreadsheet, share it immediately as a Dabble database, and gradually evolve it into a full-fledged web application over time."
Ventures West's Paul Kedrosky will be the company's first outside board member. "I'm delighted that Andrew and Avi chose Ventures West," said Dr. Kedrosky. "Dabble DB already has an impressive list of customers, and it is one of the fastest-growing Internet services I've seen." He continued, "Avi and Andrew are world-class technologists and savvy entrepreneurs. I look forward to working with them, especially given that they are located right in Ventures West's backyard of Vancouver, British Columbia."
Dabble DB is an emerging leader in the next generation of enterprise software products often referred to as “Enterprise 2.0”. By taking the consumer/user-friendly techniques and business models found in classic Web 2.0 products and applying them to enterprise software applications, Dabble DB and others are looking to change the way enterprises acquire and consume software. Further, by creating products that can appeal to both small business and large enterprise, Enterprise 2.0 companies have the opportunity to capture markets larger than traditionally available to the big software providers.
The company has received wide attention for its Dabble DB product, having won a best of show award at the Under the Radar Conference (Best in Show “I’d pay for that!” award, “Make It Easy” category winner, and “Make It Easy” people’s choice award), and been featured on multiple widely-read technology sites. A video of the demo presented at Under the Radar is available at www.dabbledb.com/utr/ .
About Dabble DB
Dabble DB is offered by Smallthought Systems Inc., founded in 2005 in Vancouver, Canada. For more information, visit www.dabbledb.com.
About Ventures West
Ventures West Management Inc., a private venture capital investment group, is one of Canada’s leading investors in early stage technology companies. Since its founding in 1968, Ventures West has formed eight venture capital funds which total over $700 million and has invested in more than 130 companies. Ventures West has the people, the expertise, and the capital to help entrepreneurs develop emerging technology companies into market leaders. Investments focus on four technology sectors: Biotechnology, Communications, Cleantech and Information Technology. For more information, visit www.ventureswest.com.
Media Inquiries:
Avi Bryant/Andrew Catton
Dabble DB
info@dabbledb.com
Christine Ramsay
Ventures West
(416) 861-2280
cramsay@ventureswest.com