o2 Venture Partners Commit Strategic Capital to iPressroom Corp.

Dec 17, 2004

iPressroom Corporation, which offers dynamic communications software tools and services designed to help organizations extend the impact of their public relations, corporate communications, and marketing programs, has entered into a definitive agreement with San Francisco-based o2 Venture Partners, under which the firm will commit resources, personnel, and capital to take charge of the iPressroom's sales, marketing, and new business development efforts in exchange for a significant stake in the software company.

The deal quadruples the size of iPressroom's sales and marketing team, which will fall under the leadership of o2 founder and partner Kevin Owens, a former Cisco sales executive, and firm senior associate David Anderson, a former Motorola embedded products director. o2 partner Val Ornoy will assume a leadership role over iPressroom's new business development endeavors, including but not limited to alliance partnerships and reseller agreements with public relations agencies, newswires, media monitoring services, and internet service providers, among others. o2 specializes in helping emerging technology companies with products, services, and customers escalate their corporate development.
(www.ipressroom.com; www.o2vp.com)