San Mateo, CA – January 21, 2010 – Laszlo Systems, Inc., a leading provider of rich Internet applications, announces the completion of a US$3.0 million financing from MMV Financial (“MMV”).
Laszlo Systems provides a sophisticated platform that unifies access to an expanding suite of Rich Internet Applications. Webtop Connectors allow easy integration with existing back-end systems. Webtop Smart Objects allow effortless integration between different applications enabling drag and drop, inline display/playback, and standards-based import/export. With Webtop, users can access their data anywhere, any time, from any device.
“We are reaching millions of users through our blue chip customers including several of the top service providers in North America. As we continue on the path of growth and expansion, entering new verticals and expanding internationally, MMV’s financing will provide additional flexibility to support our continued growth.” said George Shahid, President and CEO of Laszlo Systems, Inc.
"We are excited to support Laszlo Systems as it expands its deployment of its Webtop platform into the MSO market and beyond." said Jon Krogstad, Senior Vice President, MMV Financial. "Laszlo has developed an impressive list of customers in the MSO segment and is well poised to expand its role as a leader in this space."
About Laszlo Systems
Laszlo Systems is a leading provider of consumer facing rich Internet applications. The company is privately held and headquartered in San Mateo, California. Laszlo Systems is backed by WI Harper Group, General Catalyst Partners, Sofinnova Ventures, Mitsui & Co. Venture Partners. For more information, visit www.laszlosystems.com
MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, NewStar Financial Inc., ROI Capital, and Wells Fargo Company. For more information please visit: www.mmvf.com
For Laszlo Systems, Inc.
Laszlo Systems, Inc.
For MMV Financial
Senior Vice President