StatusNet Gets $875,000 Financing

StatusNet, a company that develops an Open Source micro-blogging platform, has completed an $875,000 financing round from Montreal Start Up, iNovia Capital and European angel investor Oleg Tscheltzoff of
Evan Prodromou, CEO of StatusNet Inc., said that the company will use this capital to build the sales, support and marketing power needed to take its software and services to the marketplace.
Founded in 2008, StatusNet develops the software that runs hundreds of micro-blogging sites across the Web. Based in Montreal, the company has a nine-person team providing service and support as well as the hosting platform 

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