Contact Information: Allegiance, Inc. Company Contact: Chris Cottle VP, Corporate Marketing (801) 617-8000 Email Contact PR Contact: Kevin Wilson (513) 898-1008 Email Contact
Allegiance Closes on $5.7 Million Round of Funding
Company Also Adds Four New Members to Board of Directors
| Source: Allegiance, Inc.
SALT LAKE CITY, UT -- (MARKET WIRE) -- April 25, 2007 -- Allegiance, Inc., the premier
provider of enterprise feedback management solutions, today announced that
it has closed on a $5.7 million round of funding led by Allegis Capital,
with participation from existing investor TPP Capital Advisors. Nippon
Venture Capital (NVCC) also participated in the round. In conjunction with
the funding, the company also announced that Spencer Tall, managing
director at Allegis Capital; Nobutaka Mutaguchi, managing partner of TPP
Capital Advisors; Todd Rowe, vice president of worldwide mid-market
business at Business Objects; and Tyler Smith, former vice president with
Altiris; have joined the company's board of directors.
The Allegiance Active Listening System is a suite of six Web-based tools
being used by more than 1,600 organizations across the country to collect,
manage and respond to feedback from customers, employees, partners and
other constituents. The tools, which include CustomerVoice, EmployeeVoice and SilentWhistle, collect
actionable, real-time feedback and provide organization's management with
the information they need to make informed, strategic business decisions,
support the needs of the people that support them, and improve loyalty from
inside and outside the organization.
"Allegiance is the clear leader in the rapidly growing feedback management
category," said Tall. "The company's solutions have a major impact on the
profitability of businesses of every kind. We are actively involved in
helping Allegiance grow its market share. With its product line, management
team and growing customer base, Allegiance will lead the expansion of this
category of business; a segment we believe, as investors, represents an
incredible opportunity."
"Receiving funding from such a wide range of prominent capital partners
helps validate our business plan and the importance of the enterprise
feedback management category," said Adam Edmunds, president and chief
executive officer of Allegiance,
Inc. "Demand for our solutions is higher than ever, and as a result, we
are aggressively expanding our team and product development to meet the
needs of this demand. The contributions of Allegis Capital, TPP Capital and
NVCC are invaluable as we grow our market share and further establish
Allegiance as the premier provider of enterprise feedback management
solutions."
About Allegis Capital
Allegis Capital is a seed and early-stage venture capital firm with over
$600M under active management and an investment focus on enabling
technologies and infrastructure in information technology and the Digital
Economy. Allegis combines the extensive operating and venture investment
experience of its partners in working with entrepreneurs and strategic
corporate partners to build successful businesses in network communications
and enterprise solutions as well as digital media, electronic commerce and
Internet infrastructure technologies. Allegis maintains offices in Silicon
Valley and Los Angeles.
About Allegiance
Allegiance, Inc. is the premier provider of on-demand enterprise feedback
management solutions that drive growth and profitability through improved
customer and employee loyalty. The Allegiance Active Listening System (ALS)
is a suite of Web and phone-based solutions that allows organizations to
collect real-time feedback from all points of customer and employee
interaction. Each component of the ALS can be customized to fit individual
corporate needs and serves as a case management solution by tracking
feedback from submission to resolution. As a result of the flexibility and
power of the ALS, Allegiance serves customers of all sizes across a variety
of industries. Allegiance is a privately owned company based in South
Jordan, Utah. For more information about Allegiance, visit
http://www.allegiance.com.