With the web-conferencing space getting tighter by the day, we can expect few fallouts. And it is rumored that the first major change in directions comes from Convoq, which provides Flash-based live chat and web conferencing capabilities aimed primarily at Salesforce customers. Convoq is set to give up its existing product mix and work towards a new idea related in the “consumer social networking” space. Also as part of the change, Convoq has a new CEO, Steve Brand.
Convoq till date has raised $30.4 million from its 3 rounds of funding. Convoq had secured $13 million in its third round of funding in January 2006. The funding round was led by Bay Partners and also participated by investors from previous its rounds including North Bridge Venture Partners and Polaris Venture Partners.
Links:
Convoq
StartupSquad at Wordpress 
February 13, 2007 at 8:30 pm |
[…] I don’t we needed another desktop sharing application. I had previously written about the overheated web-conferencing market and later about at least 1 startup looking to quit. Nevertheless, UK based Yuuguu thinks there is still space. Yuuguu offers one-click screen and application sharing with cross-platform support. Multi-people chat, conversation history, and SSL encryption, all included. I think that Yuuguu has taken care of from the very start is to support both Windows and Macs machines, unlike other companies taking a long time to realize the need for cross-platform support. I don’t know about Yuuguu’s business plan, but maybe they think there is still space in the EMEA market. […]
July 18, 2007 at 3:24 pm |
[…] As I had written earlier this year, Convoq was rumored to be changing directions as to what the startup wants in terms of it’s business model. I just discovered a new message on the site that says – We are no longer offering new subscriptions for ASAP products […]