BootstrapLabs BootstrapLabs

Gothenburg and Silicon Valley, June 24, 2010

BootstrapLabs company Witsbits® AB, the Scandinavian pioneer in cloud computing solutions for metering and billing of cloud infrastructure today closed a funding round with Chalmers Innovation Seed Fund, a Swedish early stage investment fund.

"The Go-Cloud technology is one of the most exciting solutions in the Cloud computing space right now. It enables Internet carriers, Service and Hosting Providers to quickly do metering and billing of cloud infrastructure." - says Timo Lehes, Chalmers Innovation Seed Fund.

"Chalmers Innovation adds both a capital injection that allows us to grow to the next level, and a network of resources to help us move Witsbits further much quicker." - says Mikael Lirbank, CEO and founder of Witsbits.

The Cloud Hosting Platform Go Cloud™ is a software based Cloud Hosting Platform that turns current infrastructure into a full-blown Public Cloud, including both Storage and Computing. Go Cloud™ enables Internet Carriers and Server Hosting Providers to start selling their capacity through the cloud (electricity) business model. The Go Cloud™ platform provides end-users with access to the hosting providers' server and Internet capacity in a secure and controlled manner.

Go Cloud™ is a customizable turn-key solution that enables hosting companies to provide their clients with a self-service compute and storage cloud, including billing, high-resolution utilization meters, web-API, management console, and more, from their own premises. All the components required to start selling self-serviced cloud computing are included.

About Witsbits
Witsbits (www.witsbits.com) is a pioneer in cloud computing software solutions. The company is the creator of Go Cloud™, a software suite that quickly turn of-the-shelf servers and infrastructure into a unified compute and storage cloud. It targets Server Hosting Providers and Internet Service Providers who wants to start selling Internet and server capacity in a utility-like fashion – and enable them to “Go Cloud”.

About Chalmers Innovation
Chalmers Innovation is a Swedish investment fund and business incubator that focus on high-tech rapid growth companies. Founded in 1999 by Swedish Chalmers University of Technology, Chalmers Innovation has contributed to the starting of over 90 companies. The succes rate of the incubator is one of the highest in the world with 73 out of 90 companies still in operation. Chalmers Innovation Seed Fund was founded in 2008.

For more information contact:

Nicolai Wadstrom, Witsbits USA, +1 415 935 1469, nicolai@witsbits.com

Timo Lehes, Investment Manager, Chalmers Innovation Seed Fund, +46 702 115 133, timo.lehes@chalmersinnovation.com

Mikael Lirbank, CEO and founder, Witsbits, +46 708 309 588, mikael@witsbits.com

Witsbits® is a registered trademark of Witsbits AB. Go Cloud™ is a trademark of Witsbits AB. All other trademarks are property of their respective owners. Other product or company names mentioned may be trademarks or trade names of their respective companies.

We are excited to announce that today Lars Hagelin, a Swedish serial entrepreneur joins the BootstrapLabs team.

Lars will focus on media and commerce related projects with-in the BootstrapLabs business lab, and brings over 15 years of experience as entrepreneur, consultant and business angel in the internet, media and interactive gaming industries.

Read more here.

BootstrapLabs company Witsbits, add another serial entrepreneur to it's advisory board that also invests an undisclosed sum in the company. Witsbits is the company behind Go Cloud™, a software suite that quickly turn of-the-shelf servers and infrastructure into a unified compute and storage cloud, for Internet service providers. More information follows:

We are very happy to announce that Anna Wilkens have joined BootstrapLabs as a Communication Officer to work with BootstrapLabs communication, but primarily help our companies implement and manage their communications, web and social media presence.

Anna is a professional Communication Officer with 10 years experience in communication, manages the BootstrapLabs internal and external communication, and help's our companies be more effective and targeted in their communication strategies and implementation.

BootstrapLabs company ProgrammersHeaven.com this week launched a section dedicated to developing applications using Flash and Flex.

The website can be seen here:

http://flash.programmersheaven.com/

And also on the ProgrammersHeaven.com homepage: http://www.programmersheaven.com/

This gives the members at ProgrammersHeaven.com an easy access to flash related resources, as well downloads of SDK's, Tutorials and a wealth of other information.

This week Ivory Report, a Swedish analyst company, that provides reports and insight on early stage startups, published an interview with BootstrapLabs' founder and CEO, Nicolai Wadstrom.

The report covered topics such as differences between the Swedish and Silicon  Valley entrepreneurial climate, and eco-systems for innovation.

"Silicon Valley provides a critical mass of skills, risk willingness and capital" - says Nicolai Wadstrom

The report is available in it's entirety for subscribers to Ivory Report.

BootstrapLabs company ProgrammersHeaven.com meet with Computer Games legend Scott Adams for an interview, and asked him about what he thinks about the Computer Games industry today and the new social web games.

Read the full story here.

This week one of our Business Lab project's launched hosted developer tools for subversion and bug tracking.

It's a very cost effective way for development teams to host their source code with full version control, and also get a bug tracker for free at the same time.

More information here.

Whiteboard Accelerator is celebrating it's recent launch with a launch party on the 10th of November this fall.

Consider yourself invited to Whiteboard Accelerator’s Launch Party! Our entire community will be there…. delegations from France and Mexico with interesting companies, members of our advisory network, our business development team, service vendors in the Whiteboard ecosystem, and of course our founding team!

This is a low-key networking event with refreshments to celebrate our kick-off of business and showcase our team.

Are you in? RSVP Here!

Quick-Start Program Provides Game-Changing Line of Sight to Revenue for Global IT Companies 

Whiteboard Accelerator, a global business accelerator, today  announced the opening of Silicon Valley and San Francisco Bay Area operations  with offices in Redwood City and San Jose. The world-class mentoring and business development company, hosts rapid growth off-shore companies seeking to establish U.S. operations and to accelerate revenue and customer growth.

Initial companies hosted by Whiteboard include Prezi, a Hungarian-based presentation software company (www.prezi.com) ; and iSerenata (www.iserenata,.com), a rapid growth mobility consumer services company out of Mexico.  Whiteboard  offers sales and business development, market validation, marketing, access to capital sources, discount pricing on tier-one vendor support services and office space and infrastructure specifically for companies looking to establish and grow in the U.S. market. 

Whiteboard will strategically pair the management of these emerging companies with a hands-on team of business development professionals with direct experience in the hosted company’s industry. Whiteboard’s mission is to propel disruptive or game-changing technologies and companies to the next growth plateau.     

Whiteboard Accelerator has gathered a senior team of entrepreneursand industry veterans, along with a highly-respected advisor network.  These industry leaders combined with a proven business infrastructure create a "quick start"  program for disruptive off-shore and domestic  companies to get an accelerated business launch in Silicon Valley and the San Francisco Bay Area. 

Some of the celebrated executives in the Silicon Valley that are part of the Whiteboard network include Martin Eberhard and Marc Tarpenning (founders of Tesla Motors), J. Peter Herz (founding CEO of 3ware) and Ian Sobieski (Executive Director of the Band of Angels) and others.   

"Whiteboard Accelerator offers an exciting and very real opportunity for non-US companies to come to the Silicon Valley and succeed.  Companies need more than a bootcamp, part-time mentoring and a small sprinkling of funds to have a chance to do well here.  Whiteboard provides the structured process, insight and access to critical business channels and direct reference customers necessary to launch competitive global businesses.  I am pleased to be associated with Whiteboard and its objectives.”   

 - Martin Eberhard, Tesla Motors founder and part of Whiteboard Accelerator Advisory Network

"Whiteboard is an accelerator that is the next step for rapid-growth companies.  We are not an incubator.  We carefully select  the companies and management teams we work with to assure that we can provide these companies not only with advice and strategy, but help them to execute, grow and connect them with opportunities, realize revenue growth – and obtain expansion capital if needed to fund the next development phase for the company.   

- Nicolai Wadstrom, Co-Founder/Partner of Whiteboard Accelerator

Whiteboard was designed to be different from the many incubators and mentoring organizations prevalent in the Valley.  Our  advisor network consists of some of the most successful innovators and company builders in the Valley.  This resource, combined with our focus on executing on business opportunities uniquely positions Whiteboard to help create the next generation of game-changing global companies.”  

 - Mark Cameron White, Co-Founder/Partner of Whiteboard Accelerator  

"Whiteboard will provide a vital link between local sources of venture capital and 'out of the area' companies; this is a win-win patnership opportunities for VCs looking for their next great deal and companies not thoroughly knowledgable with the best VC that its their needs"

 -  Ian Sobieski, Managing Director of Band of Angels, who is part of the Whiteboard Accelerator Advisory Network and will help international and domestic companies by providing key connections to Silicon Valley investors. 

Whiteboard has named high tech industry veteran Steve Palladino to head Whiteboard's Business Development Services Group.  Palladino– a sales and business development specialist based in Silicon Valley  - will help international and domestic companies by offering a suite of key services critical to market success. 

"Companies launching products and services in the United States, especially those coming  from foreign markets,  need immediate access to crucial business resources., Whiteboard Accelerator delivers a powerful solution to quickly put companies on the map in the U.S. market and provide line of sight to revenue"  

- Steve Palladino, Head of Whiteboard Accelerator Business Development Services Group 

About Whiteboard Accelerator 

Whiteboard Accelerator (http://whiteboardaccelerator.com) is a global business accelerator based in the Silicon Valley that provides a world-class network of senior entrepreneurial business development executives, innovation leaders and strategists that work directly with the management of Whiteboard companies to rapidly grow customers and revenues in the U.S. Whiteboard hosts companies that have an established product or service platform to present to targeted U.S. customers and channel partners.  Whiteboard provides infrastructure, business development planning and execution, and a dedicated ecosystem of over 20+ tier-one services vendors at discounted pricing. The Company was founded by Nicolai Wadstrom, a Swedish technology entrepreneur and founder of Bootstrap Labs LLC, and by Mark Cameron White, a founding partner of White & Lee LLP, a boutique corporate transactional law firm.  Steve Palladino, the CEO of Array Partners, heads Whiteboard’s Business Development Services Group – Mark White will lead Whiteboard’s Financial Services Group.  Whiteboard currently has the capacity to host up to 75 companies at its Silicon Valley offices, and also works with companies seeking access to the Whiteboard network and services that do not require infrastructure. 

For more information contact:

Nicolai Wadstrom, Founder/Partner,

Whiteboard Accelerator

+1 (415) 935-1469, nicolai.wadstrom@whiteboardaccelerator.com 

Mark Cameron White,

Founder/Partner,

Whiteboard Accelerator

+1 (650) 619-8664, mark.white@whiteboardaccelerator.com 

Steve Palladino,

Head Business Development Services Group,

White Board Accelerator

+1 (707) 478-1329 steve.palladino@whiteboardaccelerator.com