November 13, 2000
FOR IMMEDIATE RELEASE
For More Information, Please Contact:
Joshua Marks, Silicon Planet, (323) 904-4451
Silicon Planet Closes Second Financing Round, Launches CMS 2001 Suite
Group One Ventures Offers Significant Support To Constituency-Management Software Vendor
LOS ANGELES, CA. -- (BUSINESS WIRE) -- Nov. 13, 2000 Silicon Planet, Inc., the first and leading provider of Web site development and communication software for nonprofit organizations, announced that Group One Ventures has purchased a 15% stake in the company as part of the companys recently closed second round of financing. Group One Ventures joins Silicon Planets original investors Garage.com, Selby Venture Partners, and Iter Occidentale. Gary Sparks, Managing Director of Group One Ventures, will join the board of Silicon Planet. Gary Sparks is also a Director of eHome and PowerSchool.
"Group One Ventures is excited to join Silicon Planets original investors in providing the capitalization necessary to continue the companys technology and market leadership," said Gary Sparks. "Silicon Planets technology is highly flexible and offers nonprofits a wide range of essential tools."
Silicon Planet also releases today the latest version of its software suite. CMS 2001 is the most powerful, flexible package of software available to help nonprofits get the word out, grow donor bases, and build community. CMS 2001 adds significant new functionality, allowing nonprofits to build or enhance Web sites, manage events and staff members, and communicate with their constituents. CMS 2001 integrates fully with Microsoft Exchange, BlackBaud, and other software packages used by hospitals, political campaigns, and other nonprofit organizations.
Using Silicon Planet software, nonprofits can:
Quickly build, enhance, and maintain powerful Web sites
Organize and schedule staff members and volunteers
Manage campaigns and reduce fundraising costs by collecting donations online, leveraging multimedia in campaigns, and exporting results to other financial systems
About Silicon Planet
Founded in 1998 and headquartered in Los Angeles, Silicon Planet the first and leading provider of complete Web site and communication software for nonprofit organizations. Nonprofits use Silicon Planet software to build and manage Web sites, interact with donors, process donations, and promote their causes. Distributed through retail outlets, strategic partners, and direct sales, Silicon Planets flagship software, CMS 2001, builds or enhances Web sites and integrates with existing technology, including Microsoft Exchange. In November 2000, Silicon Planet has announced new distribution agreements with eTapestry, cNation, and DevelopPro.
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