ConnectYard Secures Funding for Social Media Learning Platform from Jumpstart NJ Angel Network

PR Newswire -- July 27, 2010



WAYNE, N.J., July 27 /PRNewswire/ -- Today, ConnectYard, Inc. announced the completion of its Series-A financing of $500,000 from Jumpstart NJ Angel Network. The company provides educational institutions with a centralized social media communications platform.



The proprietary ConnectYard solution opens dynamic two-way messaging channels for engaging today's students in learning. The platform allows faculty, staff and administrators to easily communicate with students securely using a variety of popular social and mobile media, including Facebook, Twitter and text messaging.



Don Doane, CEO of ConnectYard, noted, "We are thrilled to have additional capital to implement our expansion strategy while continuing to invest in innovative teaching and learning technologies. We are now well positioned to capitalize on the rapidly evolving educational market."



Jumpstart, a leading NJ-based angel group which invests in early-stage technologies, funded the round. Gina Tedesco, Jumpstart's lead investor, will join ConnectYard's board. "We are pleased to provide support to a solid management team that has developed a disruptive and innovative technology to enhance learning," commented Ms. Tedesco.



About ConnectYard



ConnectYard provides a centralized social media communications platform for higher education that simplifies and unifies communications across a variety of social technologies, including Facebook and Twitter. The platform also can be used by various departments for institutional messaging, notifications and emergency alerts. In addition, the platform seamlessly integrates into existing portal and learning management technologies, providing increased communication capabilities for both administrative and academic purposes.



ConnectYard, Inc. was founded in 2007 and is headquartered in Wayne, New Jersey. For more information on how ConnectYard can help your institution improve teaching and learning, please visit http://www.connectyard.com or call 973-494-8041.



About Jumpstart



Jumpstart is a private, member-led angel group that invests in early-stage technology companies in the Mid-Atlantic region. As the leading angel group in New Jersey, Jumpstart members include many successful entrepreneurs, business executives and venture capitalists in the region. Since its formation, Jumpstart has developed a strong relationship with the venture capital community and is active in the national Angel Capital Association. These relationships, along with ties to the EDA and the NJTC, allow Jumpstart to take full advantage of local resources to help early-stage companies. Since 2004, Jumpstart has invested more than $20 million in 30 companies in diverse technologies in the region.





CONTACT:

Mike Norris ConnectYard, Inc. 508 Hamburg Turnpike, 105D Wayne, NJ 07470 973.494.8041 mnorris@connectyard.com http://www.connectyard.com





This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.



SOURCE ConnectYard, Inc.

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