1. DataSync Raises $1.2 Million to Capture Small Business Software Consolidation Market

DataSync Corporation today is announcing its first round of venture funding, with an infusion of $1.2 million led by members of Rain Source Capital, a respected, early-stage investment group. The new funding will enable the company to expand the services and features of our rapidly growing DataSync Suite for small business, found online at www.DataSyncSuite.com.

“The additional funds will enable DataSync to continue to extend integration of key business applications including SugarCRM, QuickBooks, Zimbra, Drupal, while offering a hosted solution aimed at the small business marketplace,” said Mike Vetter, co-founder and CEO at DataSync. “This new financing will enable us to strengthen and expand our infrastructure to support the innovations and features demanded by our rapidly growing user community.”

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2. DataSync and SugarCRM Form Strategic Partnership to Deliver Integrated Small Business Suite

DataSync, a leading provider of integrated small business software-as-a-service (SaaS) solutions, and SugarCRM, the world’s leading provider of commercial open source customer relationship management (CRM) software, today announced a strategic partnership to deliver an integrated suite of small business applications to small businesses.

“DataSync’s momentum and success is a testament to the ability of SugarCRM partners to deliver superior value to customers with open source solutions,” said Jeff Campbell, Vice President of Sales, SugarCRM, Inc. “We are thrilled to partner with DataSync as they address this underserved portion of the CRM market.”

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For more information on either of the announcements, visit our website. If you have questions, please contact us at sales@datasyncorp.com or call 1-866-901-7478.

DataSync Suite melds great business software into one robust system. Our tool is an enterprise-class open source software platform that integrates best-of-class open source tools into a single online application. The funding provided will be used to develop administration tools, add new applications to the suite, and add additional application integration.

DataSync will also be upgrading its on-demand hosting infrastructure to a highly available VMWare driven environment. This upgrade will provide 99.99% uptime for all systems, and enable fast scalability for larger organizations.

“We are excited to move forward with our platform and hosting environment with the additional project funding. DataSync is poised to become the premier open source application suite delivery organization of tomorrow.” said Mike Vetter, Founder and CEO.

The firm will be releasing DataSync Suite 1.0 in mid 2009, and will be working on major feature enhancements in the remainder of the year. The full DataSync On-Demand architecture upgrade will be completed in Q1 2009.

For more information, call 605-275-4100, email us at info@datasyncorp.com, or visit http://datasyncsuite.com/company/investors.