The products that KnowNow offers are eLerts, Enterprise Syndication Solution (ESS), and LiveServer. The solutions that KnowNow offers are Market Intelligence, Corporation Communication, and Alternative Marketing Channel. The eLert product is a free toolbar that is only available for IE and Windows for now, but “provides real-time notification of new content posted to web. You select the publishers or sites to watch and then alerts will appear describing what’s new as soon as it is posted by the publisher. You can click the link to read the full post, pin to your desktop as a reminder, or simply ignore it and let it fade away [source].”

ESS is a back-office integration system that allows employees, partners, customers, and managers to syndicate business information. And LiveServer is an “event-management engine that controls the flow of events to and from systems, applications and people. It is specially designed to manage thousands of simultaneous connections for instantaneous delivery of business-critical data [source].”

The other participating investor for this deal is Presidio STX. Other current investors include Kleiner Perkins Caufield and Byers, Levensohn Venture Partners, Palomar Ventures, TPG Ventures and Wachovia Strategic Ventures [source].

“Aside from an impressive list of enterprise clients, we were impressed by KnowNow’s ability to deliver solutions that fundamentally change the way enterprises act on information,” stated Richard Fishman, a managing partner of RSS Investors. “KnowNow is well positioned to capitalize on the burgeoning market for enterprise-class Web 2.0 solutions.”

The President and CEO of KnowNow is Todd Rulon-Miller, the founding General Partner of Apogee Venture Group. According to the KnowNow website, another major milestone for Mr. Rulon-Miller was that he “served on the Board of Directors at Active Software (NASDAQ), through its 1998 acquisition by WebMethods (NASDAQ) for $1.3 billion dollars.”

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