introNetworks Secures $2.7 Million in Series A Funding

SANTA BARBARA, Calif., May 2 /PRNewswire/ -- introNetworks Inc., a technology company that creates online communities for professionals, announced it has closed a Series A funding round of $2.7 million. Adobe Systems Incorporated participated in the round, with additional capital coming from several other strategic investors.

"The infusion of capital from Adobe and other investors further validates the promise of our technology," said Kymberlee Weil, President and co-founder of introNetworks. "We'll continue to expand our platform using the Adobe development environment and look forward to further increasing the value of our intellectual property portfolio."

introNetworks, which first demonstrated its technology for the industry during the TED2003 Conference, and later at the DEMO@15 conference, has already deployed over 150 networks across a growing customer base that includes such high profile companies as Starcom MediaVest, HP, Autodesk, Business Objects, United Way, Dow Jones, CMP Media, Ziff Davis, and Intel. These companies have successfully implemented the introNetworks software platform to help their employees better connect, communicate and collaborate with their customers and each other.

"introNetworks is utilizing fundamental Adobe technologies in interesting ways, providing richer, more interactive experiences in online communities," said John Leckrone, director of Venture Development for Adobe. "We're pleased to be working with introNetworks as they continue to expand and evolve their technology platform."

About the introNetworks Technology Platform

The introNetworks technology platform is a proprietary 'rich internet application' built with Adobe's Flash(R) technology that serves to match people with shared values and people to rich content, such as conference sessions, articles, exhibitors, brands, products and services. The platform's proprietary interface is highly interactive and delivers a rich visualization of the community from the perspective of the individual user. Each step in the process is intuitive and easily understood by non-technical users.

  Highlights of the platform include:
  --  Matching of people to one another graphically based on values,
      interests, and community-specific user selected criteria
  --  Member-to-member messaging and collaboration within a closed, secure
      environment
  --  Robust profiles that provide key metrics for in-context matching data,
      generating results of much greater relevance in two clicks
  --  Community Services including introMail, Chat, Calendars, and Forums
  --  Rich Business Intelligence and Reporting tools to analyze the
      community in minute detail, identifying shared values, emerging trends
      and opportunities to improve the member experience.
  --  Actionable data empowering the community with the ability to address
      member requirements as quickly as they are defined.

  About introNetworks, Inc.

The company was founded four years ago by Mark Sylvester, CEO, who was the co-founder of Wavefront Technologies and is an expert in visualization software and Kymberlee Weil, President, who is internationally recognized as an expert on Adobe's Flash technology.

Since 2003, introNetworks Inc. has delivered a flexible social networking platform for creation and management of online communities which drive continual success for events, associations and corporations. The introNetworks technology platform unites employees, partners and customers, powering extremely valuable communities in media, technology and knowledge management. Clients include: Adobe, Autodesk, Business Objects, CMP, Starcom MediaVest Group (SMG), TED, The American Society for Training and Development (ASTD), The American Society of Association Executives (ASAE and the Center), The Harvard Business School, Young Presidents Organization and Ziff Davis.

The company is headquartered in Santa Barbara, California. For more information, please visit the introNetworks website at http://www.intronetworks.com/ or call (805) 576-1420.