chris baggott of Compendium Blogware Corporate Blogging Software Solution with Seth Godin I am pleased to announce that we were quickly oversubscribed on our most recent funding round.

Seeking $1.5mm we quickly had commitments from angel investors for $1.6 at which point we closed the round.

Whats significant about Compendium Blogware's Corporate Blogging software is we are able to get by on much smaller investments than a traditional software startup.   This may not always be the case, but at this point because our client base is growing so quickly we are able to fund a great deal of the company out of operations......kind of old fashioned I know :-)

But obviously, we are really excited and proud to have the support of our investors and proud of the fact that that so many Organizations (from large enterprises to small businesses) are finding tremendous value in our blog management software.

Blogging for business is just beginning a rapid adpotion and organizations are recognizing the need for an easy to deploy SaaS solution with a solid ROI.

Follow this link to a nice article today on the announcement....Compendium Blogware Funding Announcement