Press Release
FaceTime Garners $15.6 Million Investment to Drive Business Expansion in Security
and Control for Unified Communications and the New Internet
Credit Suisse Leads Financing Round to See U.C. Security Leader to Profitability
FOSTER CITY, CALIF. - September 10, 2007 - FaceTime Communications, the
leading provider of solutions that control greynets and manage unified
communications in the enterprise, today announced it has received $15.6 million
in new investment capital that is expected to fund the company through
profitability. The investment was led by the Credit Suisse NEXT II Fund, with
all existing investors, Sutter Hill Ventures, JK&B Capital and Scale Venture
Partners, also participating.
FaceTime had intended to raise approximately $10 million to fund its long-term
strategic plan to profitability. However, demand from investors drove the
higher investment amount.
"This investment is a strong validation of both the growing opportunity for
unified communications and FaceTime's leadership position in the market," said
Kailash Ambwani, president and CEO of FaceTime. "As businesses have adopted
unified communications through both consumer and enterprise applications,
FaceTime's strategy of delivering the most comprehensive security and
compliance platform has resulted in accelerated growth."
FaceTime's market position has been validated by leading information technology
market research and advisory firm IDC, which recently named FaceTime the market
share leader among instant messaging management vendors for the fourth
consecutive year. The ranking was announced in IDC's recent report, "Worldwide
Enterprise Instant Messaging Applications and Management Products 2006 Vendor
Shares: IM and Presence Are Ready for Broader Collaboration" (IDC #208000,
August 2007).
FaceTime will use this investment to expand and accelerate its market strategy.
As a first step in its market expansion, the company today also announced its
Unified Security Gateway (USG). From a single platform, USG integrates
management, security and compliance of Web usage; greynet applications such as
public IM, Skype and P2P; and enterprise-class unified communication platforms
such as Microsoft's Office Communications Server and IBM Lotus Sametime.
Steve Yatko, managing director and head of global information technology
research and development for Credit Suisse, said, "Clearly Internet
applications are going through a radical transformation, and we believe
FaceTime represents a comprehensive and compelling vision for unified
communications management and security. We have been familiar for several years
with FaceTime's team, solutions and commitment to providing comprehensive
security and compliance for organizations that are enabling safe and secure Web
and real-time communications on their enterprise networks." He went on to say,
"We are convinced that information technology decision makers throughout the
world increasingly will rely on FaceTime to provide comprehensive security,
management and compliance for their Web and real-time Internet communications."
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with
investment banking, private banking, and asset management services worldwide.
Credit Suisse offers advisory services, comprehensive solutions, and innovative
products to companies, institutional clients, and high net-worth private
clients globally, as well as to retail clients in Switzerland. Credit Suisse is
active in over 50 countries and employs approximately 40,000 people. Its parent
company, Credit Suisse Group, is a leading global financial services company
headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are
listed in Switzerland and, in the form of American Depositary Shares (CSR), in
New York. Further information about Credit Suisse can be found at
www.credit-suisse.com.
About FaceTime Communications
FaceTime Communications enables the safe and productive use of instant messaging, Web usage and Unified Communications platforms. Ranked number one by IDC for four consecutive years, FaceTime's award-winning solutions are used by more than 900 customers - including nine of the ten largest U.S. banks - for security, management and compliance of real-time communications. FaceTime supports or has strategic partnerships with all leading public and enterprise IM network providers, including AOL, Google, Microsoft, Yahoo!, Skype, IBM and Jabber.
FaceTime is headquartered in Foster City, California. For more information visit http://www.facetime.com or call 888-349-FACE.
PR Contact:
Emily Chamberlin
650-762-2945
echamberlin@ar-edelman.com
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