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Syncapse Corp raises PE funding for expansion of social technology platform; adds industry veteran to board of directors

Syncapse Corp has completed an initial round of private equity funding in which the company raised USD3.3 million USD to accelerate its global expansion plans.

At the same time, the company has expanded its board of directors with the addition of J Ian Giffen, a seasoned advisor to a number of software companies and technology investment funds. Giffen is currently Chairman of The Descartes Systems Group and a Director of MKS, Absolute Software, and Ruggedcom. He has been advising Syncapse for the past year and assisted in the equity funding recently completed, having previously served on the boards of a number of private and public companies including Macromedia and Corel Corporation.

Syncapse plans to use its new funding to invest in the expansion of SocialTALK, a tool that allows brands to more effectively create, publish and measure their content strategy and posting schedules. SocialTALK launched in February 2010 and continues to experience record success in its early days on the market.

"Attracting one of the top business minds in the technology industry to Syncapse’s inaugural Board of Directors is an important milestone for the company," says Michael Scissons (pictured), President and CEO, Syncapse Corp. "Ian Giffen shares our deep commitment to delivering high impact business solutions for large global brands through the effective use of social technology. Ian’s presence on our Board of Directors will help solidify our leadership position in this rapidly emerging sector."
 

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