Circlebuilder Software Receives $500,000 In New Investment

PR Log (Press Release) – Apr 27, 2009 – Detroit, Mich.,–CircleBuilder Software LLC announced today that they have recently closed $500,000 in new investment funding.  New investors included Automation Alley, Michigan’s largest technology business association, which invested $250,000 to assist CircleBuilder develop their innovative technologies and businesses.

“We are very pleased to have the support of Automation Alley as a key new investor,” said Howard Brown, CEO of CircleBuilder. “We have made significant progress on our platform over the last six months and plan to accelerate adoption and utilization over the next year.”

Brown added.  “Even in these difficult economic and funding conditions, we continue to exceed our milestones, grow usage and take in first recurring revenues.  Faith-based organizations are anxious to adopt new technologies to reach, engage and serve their members. CircleBuilder delivers the private, faith-based functionality they need to connect, grow and prosper.”

About CircleBuilder

CircleBuilder is a private, rules-based social networking and outreach management solution. Clergy, staff and members can directly and privately interact, communicate, and connect with a set of high-tech “touch points” – personalized emails, prayer requests, document sharing, calendars, blogs, photos and audio/videocasting.  CircleBuilder’s self-build platform operates as a stand-alone website or can integrate into an existing website.

Publicly launched in November of 2009, CircleBuilder is already being used by over 500 faith-based organizations around the world.  Learn more about CircleBuilder at http://www.circlebuilder.com, take the tour at http://www2.circlebuilder.com/tour or see us at http://www.tangle.com/view_video.php?viewkey=d5a52ca377f ....