Allegiance Closes on $5.7 Million Round of Funding
Company also adds four new members to board of directors
Salt Lake City, UT, April 28, 2007 --(PR.com)-- Allegiance, Inc., the premier provider of enterprise feedback management solutions, today announced that it has closed on a $5.7 million round of funding led by Allegis Capital, with participation from existing investor TPP Capital Advisors. NVCC (Nippon Venture Capital) also participated in the round. In conjunction with the funding, the company also announced that Spencer Tall, managing director at Allegis Capital; Nobutaka Mutaguchi, managing partner of TPP Capital Advisors; Todd Rowe, vice president of worldwide mid-market business at Business Objects; and Tyler Smith, former vice president with Altiris; have joined the company’s board of directors.
The Allegiance Active Listening System is a suite of six Web-based tools being used by more than 1,600 organizations across the country to collect, manage and respond to feedback from customers, employees, partners and other constituents. The tools, which include CustomerVoice, EmployeeVoice and SilentWhistle, collect actionable, real-time feedback and provide organization’s management with the information they need to make informed, strategic business decisions, support the needs of the people that support them, and improve loyalty from inside and outside the organization.
“Allegiance is the clear leader in the rapidly growing feedback management category,” said Tall. “The company’s solutions have a major impact on the profitability of businesses of every kind. We are actively involved in helping Allegiance grow its market share. With its product line, management team and growing customer base, Allegiance will lead the expansion of this category of business; a segment we believe, as investors, represents an incredible opportunity.”
“Receiving funding from such a wide range of prominent capital partners helps validate our business plan and the importance of the enterprise feedback management category,” said Adam Edmunds, president and chief executive officer of Allegiance, Inc. “Demand for our solutions is higher than ever, and as a result, we are aggressively expanding our team and product development to meet the needs of this demand. The contributions of Allegis Capital, TPP Capital and NVCC are invaluable as we grow our market share and further establish Allegiance as the premier provider of enterprise feedback management solutions.”
About Allegis Capital
Allegis Capital is a seed and early-stage venture capital firm with over $600M under active management and an investment focus on enabling technologies and infrastructure in information technology and the Digital Economy. Allegis combines the extensive operating and venture investment experience of its partners in working with entrepreneurs and strategic corporate partners to build successful businesses in network communications and enterprise solutions as well as digital media, electronic commerce and Internet infrastructure technologies. Allegis maintains offices in Silicon Valley and Los Angeles.
About Allegiance
Allegiance, Inc. is the premier provider of on-demand enterprise feedback management solutions that drive growth and profitability through improved customer and employee loyalty. The Allegiance Active Listening System (ALS) is a suite of Web and phone-based solutions that allows organizations to collect real-time feedback from all points of customer and employee interaction. Each component of the ALS can be customized to fit individual corporate needs and serves as a case management solution by tracking feedback from submission to resolution. As a result of the flexibility and power of the ALS, Allegiance serves customers of all sizes across a variety of industries. Allegiance is a privately owned company based in South Jordan, Utah. For more information about Allegiance, visit http://www.allegiance.com .
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The Allegiance Active Listening System is a suite of six Web-based tools being used by more than 1,600 organizations across the country to collect, manage and respond to feedback from customers, employees, partners and other constituents. The tools, which include CustomerVoice, EmployeeVoice and SilentWhistle, collect actionable, real-time feedback and provide organization’s management with the information they need to make informed, strategic business decisions, support the needs of the people that support them, and improve loyalty from inside and outside the organization.
“Allegiance is the clear leader in the rapidly growing feedback management category,” said Tall. “The company’s solutions have a major impact on the profitability of businesses of every kind. We are actively involved in helping Allegiance grow its market share. With its product line, management team and growing customer base, Allegiance will lead the expansion of this category of business; a segment we believe, as investors, represents an incredible opportunity.”
“Receiving funding from such a wide range of prominent capital partners helps validate our business plan and the importance of the enterprise feedback management category,” said Adam Edmunds, president and chief executive officer of Allegiance, Inc. “Demand for our solutions is higher than ever, and as a result, we are aggressively expanding our team and product development to meet the needs of this demand. The contributions of Allegis Capital, TPP Capital and NVCC are invaluable as we grow our market share and further establish Allegiance as the premier provider of enterprise feedback management solutions.”
About Allegis Capital
Allegis Capital is a seed and early-stage venture capital firm with over $600M under active management and an investment focus on enabling technologies and infrastructure in information technology and the Digital Economy. Allegis combines the extensive operating and venture investment experience of its partners in working with entrepreneurs and strategic corporate partners to build successful businesses in network communications and enterprise solutions as well as digital media, electronic commerce and Internet infrastructure technologies. Allegis maintains offices in Silicon Valley and Los Angeles.
About Allegiance
Allegiance, Inc. is the premier provider of on-demand enterprise feedback management solutions that drive growth and profitability through improved customer and employee loyalty. The Allegiance Active Listening System (ALS) is a suite of Web and phone-based solutions that allows organizations to collect real-time feedback from all points of customer and employee interaction. Each component of the ALS can be customized to fit individual corporate needs and serves as a case management solution by tracking feedback from submission to resolution. As a result of the flexibility and power of the ALS, Allegiance serves customers of all sizes across a variety of industries. Allegiance is a privately owned company based in South Jordan, Utah. For more information about Allegiance, visit http://www.allegiance.com .
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Contact
Allegiance, Inc.
Kevin Wilson
513-898-1008
http://www.allegiance.com
Kevin Wilson
513-898-1008
http://www.allegiance.com
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