Local News

SolidSpace Secures Additional Funding From Parent Firm SilkRoad Equity

Posted May 28, 2006

— SolidSpace

, a fast-growing provider of web hosting and other services, has landed a new round of financing from

SilkRoad Equity


The amount of the investment was not disclosed. SolidSpace, which is based in the Piedmont Triad Research Park, is one of 14 companies owned by SilkRoad Equity. SilkRoad Equity is based in Winston-Salem.

The new funds will be used to expand the company's service offerings. SolidSpace said it would continue development of its own SolidSuite platform, which includes a suite of software as a service collaboration tools. Among the applications are podcast management, enterprise chat, instant messaging as well as survey and poll systems.

The company, which reported 30 percent in growth in 2005, also plans to launch a wireless broadband service - to be called SolidWaves - for business and residential users this summer.

''SolidSpace's evolution has always been based on the changing needs of our customers.," said Jim Capps, president of SolidSpace. "By meeting their demands, we have been able to grow and diversify our offerings. Our success has been a direct result of that and we're excited to be in an even greater position to provide the most powerful collaborative tools to small and mid-sized companies.''

SolidSpace also offers support for web conferencing, project management and sales lead tracking.

The company has offices in Winston-Salem and Singapore, where most of its more than 30 workers are located. SolidSpace, which says it is profitable, also maintains a presence in Chicago, Boston and in Germany.

''SilkRoad Equity has always looked to support the most promising and energetic young companies. SolidSpace is no exception," said Andrew ''Flip'' Filipowski, the executive chairman and chief executive officer of SilkRoad, said. ''We are looking forward to being a part of the company's success as it rises to meet its potential and continues its unprecedented growth.''


Please with your WRAL.com account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all