PULSE Adopters Named Among Forbes' Top Social Entrepreneurs

Broomfield, CO, December 18, 2011 --(PR.com)-- Forbes' list of the Top 30 Social Entrepreneurs released last week includes PULSE users Acumen Fund, Root Capital, and Gray Ghost Ventures. The list was compiled by a panel of experts tasked with selecting social entrepreneurs who are "tackling the world's most intractable problems." This is the first time in the publication's history that they have assembled the list and they define a “social entrepreneur” as a person who uses business to solve social issues.

PULSE is managed by Application Experts (App-X) and App-X is the exclusive provider of PULSE.

Read the entire list here: http://www.forbes.com/impact-30/list.html.

Acumen Fund is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. Its aim is to help build financially sustainable and scalable organizations that deliver affordable critical goods and services that improve the lives of the poor. Acumen Fund is a 501(c)(3) organization headquartered in New York, with regional offices in India, Kenya and Pakistan.

Root Capital is a nonprofit social investment fund that is pioneering finance for grassroots businesses in rural areas of developing countries. They provide capital, deliver financial training, and strengthen market connections for small and growing businesses that build sustainable livelihoods and transform rural communities in poor, environmentally vulnerable places.

Gray Ghost Ventures (GGV) is an impact investment firm dedicated to providing market-based capital solutions to entrepreneurs who are addressing the needs of low-income communities in emerging markets. Depending upon the need and opportunity, we serve as creator and manager, sole funder, lead investor, co-investor, general partner or limited partner in operating companies or investment funds. GGV’s focus areas include: microfinance, social venture investment and affordable private schools.

Application Experts, LLC (App-X) is the leading provider of flexible web-based solutions for Alternative Asset Fund Managers and Institutional Investors. In 2009, App-X won the bid to develop and take to market PULSE, a cloud-based social impact tracking system developed by Acumen Fund with help from Google, Rockefeller Foundation, PricewaterhouseCoopers, and Deloitte, among others. Today, App-X implements and supports PULSE for various members of the impact community including non-profits, foundations, and corporate sustainability and responsibility managers. Today, App-X has over 60 clients and nearly 900 individual users using AIM and PULSE. App-X is headquartered outside of Denver with offices in Boston and Chicago.

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