Click here to close now.




















Welcome!

@CloudExpo Authors: Kevin Jackson, Pat Romanski, Elizabeth White, Dana Gardner, Adrian Bridgwater

News Feed Item

15Five Secures $1M in Seed Funding To Fuel Marketing and Product Development Efforts

15Five's New Time-Saving Technology Tool Helps Employees Feel Heard Keeps CEOs and Business Managers Informed and 'In The Loop'

SAN FRANCISCO, Jan. 15, 2013 /PRNewswire/ -- 15Five, a software company focused on producing transparency and alignment in organizations through structured, efficient and effective communication practices, announced today that it has secured a total of $1 million in seed funding from Richmond Global, a seed- and early-stage venture capital firm. 15Five announced additional investment participation from 500 Startups, David Sacks (Founder, Yammer), John Ham (Founder, USTREAM), Jason Calacanis (Founder, Mahalo/LAUNCH) and Ben Parr (Co-founder, #DOMINATEFUND and Former Editor, Mashable), Matt Brezina, founder of Xobni (and now CEO of Sincerely) and Ben Ling (Google, YouTube, Facebook).

Headquartered in San Francisco, 15Five is a new subscription-based SaaS company that officially unveiled its product last March and launched out of beta phase in August 2012. The company helps CEOs and managers capture a snapshot of their team's progress throughout a typical workweek on a conversational, cloud platform.

The idea behind 15Five is simple: Employees take 15 minutes to write their answers to customized questions chosen by a company's higher-ups for a weekly report that encourages honesty and transparency. Business managers then spend five minutes to review and comment on the answers before rolling up the report and sending the highlights to the CEO, or other high-level executives, at the company. With this time-saving aggregated report, the CEO is able to quickly unearth successes and problems while communicating bigger picture goals back to the team.

"There is a really big market opportunity right now and we are excited to partner with both Richmond Global, Ben Parr and all of our other investors," said 15Five CEO David Hassell. "All of these investors bring a lot of business world experience to the table and there's synchronicity in what we're all doing. Building on our earlier success, this funding will allow 15Five to expand our marketing and product development efforts, as well as accelerate our ability to reach more customers."

Richmond Global's Steven Dupree said his investment firm is thrilled to back the 15Five team. "15Five is an elegant solution to a complex communication problem in organizations," said Dupree. "In minutes, any middle manager in any company can begin using 15Five to stay connected, uncover problems and discover new ideas across his or her team. It's user-friendly technology that works immediately without involvement from IT, HR or the executive team. Ultimately, we're confident that David Hassell and the 15Five team can build a franchise of simple tools --- frictionless to implement --- that address common organizational challenges."

Ben Parr, Co-Founder of the #DOMINATEFUND, said his company is excited about the 15Five investment opportunity. "15Five is going to dominate, no question," Parr said. "David and his team know what it takes to build a product and company that will change the way we think of human capital management. We're thrilled to be backing such dedicated entrepreneurs."

For more information, visit www.15Five.com.

About 15Five
15Five is a software company focused on producing transparency and alignment in organizations through structured, efficient and effective communication practices. Headquartered in San Francisco, the company officially unveiled its product in March 2012, and launched out of beta phase in August 2012. 15Five is based on a simple idea: Have each employee spend 15 minutes a week writing a report that takes their manager no more than five minutes to read. For more information, visit www.15Five.com.

SOURCE 15Five

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...