SiliconBlue raising capital for US office

SiliconBlue, the Masterton-based website management software company, is looking for more investment funding as its first offshore deal is finalised.

SiliconBlue, the Masterton-based website management software company, is looking for more investment funding as its first offshore deal is finalised.

Despite a trip to the US looking for clients and partners, the first deal is likely to be with a UK company, to be signed in a month's time.

Chief executive Peter Maurer says the company has no plans to move offshore entirely, but will aim to set up an office in the US.

"Our business plan at the moment is to raise capital again so we can establish a US operation, but we plan to have initially a sales person and a technical support person and another tech person here to cover another time zone."

SiliconBlue, which already received $2 million from Number 8 Ventures in December 2000 to establish the business, will look further afield this time round.

"We're looking for other partners within the venture capital market in New Zealand. Jenny [Morel, head of Number 8 Ventures] is helping us with that." Maurer says.

SiliconBlue's flagship product, Ocoloco, automates website management functions, and is targeted at the ISP market as well as at companies with large intranets or internet investments to manage.

Join the newsletter!

Error: Please check your email address.

Tags SiliconBlue

More about Masterton

Show Comments
[]