UpMo Secures Bridge Funding to Accelerate Product Development, Ramp Up Customer Deployments

Enterprises Adopting UpMo’s Disruptive Approach to Building More Competitive Organizations and More Fulfilling Careers

SAN JOSE, Calif.--(BUSINESS WIRE)--UpMo, an innovative startup whose social tools amplify competitive edge for people and enterprises, today announced it has secured bridge funding of more than $1.7 million that will be used to expand UpMo’s engineering and product-development teams and scale its customer-facing operations to address growing market demand.

“Our unique technology powers great companies and great careers by unleashing ‘radical connections’ between aspirations, potential and opportunities”

“Our unique technology powers great companies and great careers by unleashing ‘radical connections’ between aspirations, potential and opportunities,” said Promise Phelon, CEO and founder of UpMo. “As the first company to deliver a social application that helps enterprises become more competitive by helping individuals find professional fulfillment, we are seizing an enormous opportunity. We’re excited to have an impressive roster of investors who have the vision to see where we’re going and recognize the market value of our technology.”

The investors in UpMo’s current round of funding include Brian NeSmith, former president and CEO of Blue Coat Systems (Nasdaq:BCSI); John Belizaire, a venture capitalist and current CEO of FirstBest Systems; and Alvin Smith, co-founder and former president of Saratoga Systems.

“UpMo is delivering the right solution at the right time to address a number of current and emerging challenges that enterprises face,” said Brian NeSmith. “From apathy and discontentedness, to the constant recruitment of great individuals, to a misalignment of people and business requirements, enterprises are dealing with many threats to their competitive position. As a former CEO myself, I can appreciate the huge market need UpMo is addressing by helping companies solve these critical problems.”

UpMo’s first solution, UpMo Career Mobilizer™, is a SaaS-based social application that enables individuals to achieve more than they thought possible by connecting them to opportunities, people and knowledge inside their current organizations. HR leaders in Fortune 500 companies are embracing UpMo Career Mobilizer to drive quantifiable ROI by evoking greater engagement and loyalty across their enterprises.

About UpMo

UpMo’s unorthodox approach to helping people get what they want out of their careers without jumping from one company to the next is helping enterprises increase competitiveness by counteracting threats from external social networks that encourage frequent job hopping, and by better aligning the strengths and interests of their people with the needs of the business. For more information about UpMo and the SaaS-based UpMo Career Mobilizer, please visit www.UpMo.com.