Nibi Software Group Secures Funding, Adds Executive Expertise

Mary K. Budge, former Senior Vice President and General Counsel for Secure Computing, Joins Nibi Software Group as COO; Added Angel Funds Accelerate Marketing Work  

STILLWATER, MN– JULY 15, 2009 – Nibi Software Group, Inc., the provider of next-generation collaborative learning solutions, today announced that Mary K. Budge has joined the company as Chief Operating Officer (COO), and that it has received an unspecified amount of seed funding from a Vancouver area investor. 

Current funding will help Nibi Software Group expand its acclaimed e-learning solution, grow industry partnerships, and accelerate marketing and distribution initiatives to exploit time-sensitive market opportunities. The company is actively engaged in discussions with select individuals and private equity groups, and expects to close on a larger Series A round of funding this year. 

Mary joins Nibi Software Group at a vital moment;  our company has a tremendous, even overflowing, energy; critical to the culture, it’s also challenging to contain and direct, explains Troy A. Peterson, Nibi Software Group CEO and co-founder.  Mary is a compelling complement:  She brings the gravitas and presence that helps us prioritize, coordinate, and execute the key tasks we need to focus on in order to strategically grow and hit every milestone we have mapped out for later this year.

Budge is charged with overseeing all the day to day operations of the company.  Previously, Budge served as Senior Vice President and General Counsel for Secure Computing Corporation, a publicly traded enterprise security software company with approximately 25% of its revenue coming from the educational market, which Nibi Software Group is focused on today.

Nibi Software Group Inc., is a provider of next-generation collaborative learning solutions.  Its flagship site, Nibipedia™, allows students and teachers to share videos, articles and other written information with an easy to use Web tool in a safe environment. Nibipedia uses a wiki construction to channel the massive learning power inherent in interactive collaboration. Amping up the educational model, Nibipedia introduces the explosive educational potential of well-crafted video into the mix.   Using proprietary software, Nibipedia members can pinpoint any moment in video time, on any video in the Nibipedia database, and link to it, or link from it, in order to give additional context, explication, and depth to the subject.  Links might extend outward from Nibipedia videos to highly specialized corporate or scholarly reference libraries on the same or similar subjects.  Links might simply add user annotation; commentary on the video in text, audio, or video form. 

Nibipedia is built to leverage all of today’s highest-traffic social media platforms — including Facebook, Twitter, Linked-In, and MySpace — as channels to feed and build high-quality, specialized learning communities.  The site grows in value from moment to moment, as Nibipedia users annotate specific moments in video time with links to Wikipedia articles, relevant references, other rich content, and expert commentary.   The result is stunning.  Nibipedia offers educators, students, and corporate learners engaging, flexible, and accelerated ways to absorb information. 

A growing, interactive learning project, Nibipedia serves as a model of the sort of collaboration zone that Nibi Software Group might design in more specialized fashion for almost any corporate client, educational campus, or academy.  A newly-designed site, with added features, will launch later this month.  Educators interested in participating in current site projects, and exploring the potential for their own school districts or corporate learning initiatives, should write [email protected]. 

About Nibi Software Group, Inc.

Nibi Software Group, Inc., is a development company focused on using social collaboration to build, distribute, and share rich content.  Based in Stillwater, MN, and founded in 2008 by Troy A. Peterson and Terry Schubring, Nibi Software Group right now is assembling a powerful team to bring its services to market.  To learn more about how Nibi Software Group can help school districts cultivate interest, attention in students that produces measurably better results, or how your corporation can use Nibi Software Group tools to spread knowledge more effectively, write [email protected], or visit www.nibipedia.com.