Gabriel News
Knowledge Management Systems, Inc. (KMSI)
Raises $3M in Series A Funding
Emerging Leader in Web-Based Training and E-Learning Solutions Closes First Institutional Round from Gabriel Venture Partners.
MILLINTHICUM, MD -- (MARKET WIRE) -- 09/21/2004 -- Knowledge Management Solutions, Inc. (KMSI), a leader in Web-based Training and E-Learning Solutions, today announced the closing of a $3 million Series A round of funding, led by Gabriel Venture Partners. KMSI will use the funds to accelerate the industry adoption of its KMx Enterprise Advanced Distributed Learning Platform. As a result of the financing, Philip Summe and Phil Garfinkle of Gabriel Venture Partners will be joining the board of directors, along with Mr. Robert Danna of KMSI.
"With KMSI, we have invested in the most experienced management team in the e-learning industry, with a product that has already achieved adoption by Fortune 500 clients," said Phil Summe, General Partner at Gabriel Venture Partners. "We look forward to applying everything we have learned from the success of previous investments in the enterprise software and education technology markets to ensure KMSI's success." Gabriel's extensive investment experience in the enterprise application and education technology markets include industry leaders such as Sylvan Learning Systems and PlaceWare (acquired by Microsoft).
"We provide our clients with a complete enterprise learning, virtual classroom and content management solution that eliminates per-user licensing fees and provides truly measurable returns on investment," explained Jack E. Lee, CEO of KMSI. "Having Gabriel as our backers and partners will enable us to rapidly expand our client base while maintaining the highest levels of standards conformance and customer satisfaction in the industry."
About Knowledge Management Solutions, Inc. and KMx
Knowledge Management Solutions, Inc. is a leading provider of innovative knowledge and learning management solutions for Fortune 2000 companies and Government agencies. Their flagship product, KMx, is a Tiered Enterprise Class Web-Application built using MS .NET and MS SQL Server. KMx is accessible using standard desktop applications and browser technologies and supports popular learning, content and document management applications. KMx is globally scalable and provides an integrated environment for developing, managing, and delivering performance support, documentation and learning content. KMx enables rapid content creation and delivery by a wide range of content creators including instructional designers and subject matter experts. KMx is offered to its customers as an enterprise application or through our hosted version under KMSI's Corporate University -- Today program. KMx is available to all government agencies via the General Services Administration (GSA) Contract GS-35F-0461M. For more information, please visit www.kmsi.us.
About Gabriel Venture Partners
Gabriel Venture Partners® is a hands-on, early-stage venture capital firm with more than $260M under management across its offices in Silicon Valley and the Mid-Atlantic. Gabriel's team of investors leverage their combined operating experience to actively partner with portfolio companies and provide value through customer and partner introductions, as well as assistance with go-to-market strategy and positioning. Gabriel focuses on specific sectors of information technology, including wireless, disruptive technologies, infrastructure software & systems, and enterprise software and services. Representative investments include PlaceWare (acquired by Microsoft), IPWireless, Netscaler and Iridigm (acquired by Qualcomm). For more information, please visit: www.GabrielVP.com.
Press Contacts:
Brandi Lee
Knowledge Management Solutions, Inc.
(410) 859-3411
brandi.lee@kmsi.us
Gabriel Venture Partners
(650) 551-5000
PR@GabrielVP.com