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Web 2.0 Company Foldera To Launch Web-application Suite

Web-application Suite For E-mail, Calendaring, Instant Messaging, Document Storage And Tasks To Be Launched On April 15

Foldera said this week it will launch on April 15 its long-awaited Web-application suite for e-mail, calendaring, instant messaging, document storage, versioning and tasks.

If all goes as planned, the application will organize all types of content. For instance after initial setup, it is designed to route e-mails into folders as they arrive, and users should be able to create activity folders for each project and share documents in groups. The application, built with Web 2.0 technology, took five years to complete, Foldera said.

"We already have about 10,000 businesses requesting more than 1 million seats for the service," said Richard Lusk, founder and chief executive officer, from the company's office in Huntington Beach, Calif.

Foldera is hopeful a host of features will attract businesses that have between 10 and 100 employees. Lusk said smaller companies have been shut out of this market. The basic e-mail service is free, along with 1 gigabyte of storage. Foldera expects to participate in revenue-sharing, a percentage of advertising dollars generated from click-throughs on Google Inc.'s search engine.

Venture-capital funding topped out at about $13.5 million. Foldera said they spent nearly half to develop the application suite prior to Expert Systems acquiring the company in February. The platform suite is supported by Oracle Corp. databases and Dell Corp. servers housed in Irvine and Torrance, Calif., data centers. Texas and New York data centers are expected soon.

The business model will take Foldera head-on with more established players, such as Microsoft Corp. and IBM Corp, Lusk acknowledged."We expect to compete with similar services offered by Microsoft and IBM," he said.

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Blog Entry 04/19/06 03:05:30 PM EDT

Was the foldera piece incorrect?

http://folderablog.com/

Of Demos, Deadlines and Newsmedia Errors

Web 2.0 Journal News Desk 03/25/06 04:15:12 PM EST

Foldera said it will launch on April 15, Web-application suite with web 2.0 technology for e-mail, calendaring, instant messaging, document storage, versioning and tasks.

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