Clickfree Raises Funding

TORONTO -- Clickfree, the software company whose automatic backup products make confusing and time-consuming computer backups a thing of the past, today announced that it has completed a $10 million (US) Series B share offering, with institutional funding led by Jefferson & Partners of Toronto, Canada and participation from the management team and existing investors.

Clickfree CEO Bryan McLeod said the funds raised will be used to drive continued rapid growth by the company and will fuel investments in customer acquisition, new product development and go-to-market efforts.

“We are very excited about our sales growth, especially during these challenging economic times, and we expect 2009 to be an exceptional sales year for us as consumers and businesses continue to discover what Clickfree offers in terms of protection and security for valuable digital content,” commented McLeod, chief executive officer of Clickfree. “Our impressive financial performance to date demonstrates the huge demand for a simple consumer backup solution and affirms the effectiveness of our business model.”

Storage Appliance Corp.