Website and Managed Hosting Firm, SolidSpace, Gets Capital Investment Boost

 

Winston-Salem, North Carolina -(The Hosting News) -May 22, 2006 --SilkRoad Equity, LLC has expanded its capital investment in web-based collaborative software technologiy firm, SolidSpace LLC. The additional funds will be used to further expand the company and support the creation of a more dynamic product line.

Jim Capps, President of SolidSpace LLC explained, "SolidSpace's evolution has always been based on the changing needs of our customers. By meeting their demands, we have been able to grow and diversify our offerings. Our success has been a direct result of that and we're excited to be in an even greater position to provide the most powerful collaborative tools to small and mid-sized companies.'"

The additional funds will bolster the continued development of the company's SolidSuite platform, a suite of software as a service (SAAS) collaboration tools, including podcast management, enterprise chat and IM and survey and poll systems.

Additionally, SolidSpace will also provide back-end capabilities including expense reporting, web conferencing, project management and sales lead tracking. This summer, SolidSpace will also expand its core business of managed services and data center hosting with the debut of SolidWaves, a business-class wireless broadband service for both corporate and residential customers.

All of these enhanced offerings help to further the company's stance to provide complete, cost-effective, fully-hosted business solutions for small to medium businesses (SMBs).

Andrew J. "'Flip" Filipowski, Executive Chairman and CEO of SilkRoad offered, "SilkRoad Equity has always looked to support the most promising and energetic young companies. SolidSpace is no exception. We are looking forward to being a part of the company's success as it rises to meet its potential and continues its unprecedented growth."

SolidSpace LLC provides web-based collaborative software technologies, along with a hosting infrastructure that includes website, application and database hosting, and managed services. SolidSpace LLC is headquartered in Winston-Salem, N.C., and is a portfolio company of SilkRoad Equity LLC. SolidSpace divisions include Pendulab, the developer of the AffiliateShop affiliate management products, ChatBlazer Enterprise real-time communications tools and InstantEngage live customers service chat products.

SilkRoad Equity, LLC is a private investment firm that acquires businesses in a broad range of industries and manages them for growth and profitability. SilkRoad Equity is located in Winston-Salem, NC and manages investments in the life sciences, media and entertainment, technology and telecommunications sectors.

To learn more about SilkRoad Equity, please visit: www.silkroadequity.com.

For more information about SolidSpace, please visit: www.solidspace.com.


About SolidSpace, LLC
SolidSpace, LLC is a leading provider of robust hosting infrastructure and client support for the software industry, enabling enterprises to deliver their software as a service seamlessly and economically. SolidSpace's solutions provide website, application and database hosting, managed services, colocation and broadband services. SolidSpace, LLC is headquartered in Winston-Salem , NC , and is a portfolio company of SilkRoad Equity LLC (www.silkroadequity.com) Additional information about SolidSpace, LLC services can be found at www.solidspace.com .