funding

Santa Clara, California - Dec. 1, 2008 -- DotNetNuke Corporation today announced the appointment of Navin Nagiah as its Chief Executive Officer. Nagiah, previously CEO of CIGNEX Technologies, will succeed co-founder Nik Kalyani in this role. Coming on the heels of the company's recent Series A funding announcement, Nagiah will also join DotNetNuke creator and Chief Architect Shaun Walker on the company's re-organized Board of Directors. Kalyani will continue to focus on product innovation as Director of Products and Strategy.

"We are pleased to have Navin come aboard as CEO," Kalyani said. "In the past year, he has been our business advisor and has helped us immensely in shaping our business strategy. Navin's experience with open source software and enterprise customers combined with strategic insights will be essential as DotNetNuke Corporation focuses on building a profitable business," he said.

DotNetNuke Corporation, trusted creator & steward of the most successful open source web application framework for the Microsoft technology platform, today announced that it has secured Series A financing from top tier Silicon Valley venture firms, August Capital and Sierra Ventures. The new funds will be used to accelerate product development and expand marketing, sales and support infrastructure to meet the growing enterprise demand for DotNetNuke® products and services.

The financing follows a period of impressive growth for DotNetNuke Corporation, whose core DotNetNuke product offering has achieved unparalleled professional acceptance in small, medium and enterprise Microsoft environments. Downloaded more than 5.6 million times to date, DotNetNuke's level of adoption exceeds that of any web application framework on any platform. DotNetNuke Corporation has driven innovation in the open source arena through continued development of the DotNetNuke product, a consistent and balanced approach to community ideals and commercialization, and the forging of key relationships with respected companies including Microsoft Corporation.

"We have seen that open source software is changing the face of the established business applications industry. It is clear to us that DotNetNuke has the right team, the right product and the market momentum to become a dominant company." says Vivek Mehra, General Partner at August Capital, who joins the Company's Board of Directors, "We are excited to work with them as they take the next step on their journey."