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Tinley Park, IL January 4, 2009 -- Vidsense Secures $1 Million in Angel Financing
Vidsense announced closing its Angel round of financing obtained from M1 Capital. CEO Jaffer Ali said,
“We are pleased that M1 Capital bought into our strategic vision. We decided to secure an angel round
of financing for two reasons; the first was so we could go about our plan in a deliberate manner; Secondly,
we believe that M1 Capital can help advise us in the years to follow as our model matures.”
Robert (Jay) Pierce, CEO of M1 Capital said, “We have been around a lot of entrepreneurs, but Jaffer
represents something unique. He blends entrepreneurial passion and strategic vision with a no-nonsense
view of the world. He is at once, both a dreamer and a well grounded businessman. We are delighted to
be part of the Vidsense vision.”
The funds will be used for general corporate purposes.
For more information, contact:
Mary Kolacki, Director of Communication of Vidsense
M.Kolacki (at) Vidsense (dotcom)
708-478-4500 ext. 109
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