Mindflash Adds $4 Million in Funding for Cloud Training and Sharing Platform

PALO ALTO, CA--(Marketwire - Jun 2, 2011) - Mindflash, a leading web platform for companies to easily share knowledge and train employees, today announced that it has raised $4 million in additional capital to fuel the company's growth. The Investment Group of Santa Barbara (IGSB) led this round, and the previous $5 million round which closed in December 2009.

"With this new round of capital, Mindflash is poised to further disrupt the online training industry by pushing the boundaries of how people think about and execute on-the-job learning," said Mindflash CEO Donna Wells. "We see a huge opportunity to outperform legacy software solutions and make knowledge sharing much easier and more effective. Savvy businesses of all sizes have been looking for a solution that automates this process and allows them to spend more time developing employees, and less time tracking with email and spreadsheets."

Prior to Mindflash, organizations had few options for creating affordable, easy-to-use training programs. Their choices were limited to either buying and maintaining expensive Learning Management Systems (LMS), or managing multiple -- often inefficient -- tools including conference calls, email and spreadsheets.

Mindflash is a new and better option. The platform allows organizations to quickly and efficiently set up training courses anytime, anywhere, saving them time and money. Employees benefit by sharing best practices, new product details, business process information, and any other materials that will aid in the development and growth of their business. Mindflash is leveling the playing field, allowing subject matter experts anywhere in a company's hierarchy to easily share their knowledge and expertise with others.

Since its launch in September 2010, Mindflash users have completed tens of thousands of courses on everything from sales training to brewing beer at home. Mindflash was recently awarded a Brandon Hall Learning Technology Award for their achievement in creating a low-cost, user-friendly training platform, and was named a Top Ten Tech Tool for businesses by ReadWriteWeb. The company has been featured in Fast Company, The New York Times, Mashable and TechCrunch.

About Mindflash

Mindflash provides a web platform for companies to easily share knowledge and train employees. The application is built to handle virtually any type of content and facilitate online training courses within minutes. Users simply upload existing training materials (PowerPoint, PDF, Word, video, audio), organize them in an intuitive course dashboard, add quizzes, and invite trainees to participate. Mindflash handles all of the testing, course management, and automated reporting so that companies have more time to focus on developing their employees. Headquartered in Palo Alto, CA, Mindflash is a privately held company and is backed by the Investment Group of Santa Barbara (IGSB). To learn more, please visit www.mindflash.com