Wrapping up a Successful 2008, NewsGator Opens 2009 With New $10 Million Funding...

Wrapping up a Successful 2008, NewsGator Opens 2009 With New $10 Million
Funding Round

Enterprise social computing company's solutions resonate with leading
companies in multiple sectors

DENVER, Jan. 12 /PRNewswire/ -- A difficult economic environment has not
slowed social computing company NewsGator Technologies, which has just
concluded the strongest quarter in its history with record revenue, a long
list of new customers, and $10 million in new funding.

A host of industry leaders(1) adopted NewsGator's enterprise social computing
offerings in late 2008, including:
-- Two of the world's top three banks
-- Two of the three largest banks in the US
-- The world's largest private public relations firm
-- The second-largest advertising agency in the US
-- Two of the top three US manufacturers of network and communications
equipment
-- The world's second-largest law firm
-- Four of the top 15 US pharmaceutical companies
-- Two of the top seven US aerospace and defense companies
-- One of the top five investment banks in Canada
-- The fourth-largest generator of electricity in the US

The end of 2008 also marked the adoption NewsGator's Publishing Suite by
leading companies that include:
-- The largest commercial bank in the US
-- One of the top five life and health insurance firms in the US
-- One of the top five telecommunications companies in the US
-- The world's largest ERP company
-- Three of the world's largest providers and publishers of news and
information

NewsGator's NetNewsWire RSS reader was also named one of TIME magazine's Top
10 iPhone Apps for 2008.

"We're very proud to continue to extend and expand our Global 2000 customer
relationships," said JB Holston, CEO and president of NewsGator. "Demand is
accelerating for our on-premise and SaaS-based social computing offerings as
top quality companies turn to immediate, high-ROI solutions for content and
collaboration."

Edelman, PRWeek's "Large Agency of the Year 2008," is one new customer. It
opted for Social Sites (NewsGator's enterprise social computing product) as an
affordable, convenient and quick alternative to building enhancements from
scratch to complement Microsoft Office SharePoint Server 2007. "NewsGator
Social Sites 2.5 gives our FUSION Intranet the capabilities we need to round
out our vision for social computing, including communities, enterprise-wide
RSS, content aggregation and enhanced user profiles," said Chris Scott, chief
information officer with Edelman. "These Social Sites capabilities are fully
integrated into SharePoint, which is important to us."

The third and fourth quarters of 2008 were the most successful in NewsGator's
five years, with fourth-quarter revenue the highest ever. The results helped
earn the company a new $10 million funding round from investors that include
Masthead Venture Partners, Mobius Venture Capital and Vista Ventures, all of
whom have earlier invested in NewsGator.

"The social computing models that have rocked the consumer world have equally
important roles to play in the enterprise - and now more than ever in the
current business environment," said Brad Feld, a NewsGator director and
managing director of Mobius Venture Capital and Foundry Group. "It's inspiring
to see NewsGator tapping this rich vein of need and achieving remarkable
results to document the value of its approach."

About Masthead Venture Partners
Headquartered in Cambridge, Mass., Masthead Venture Partners is a venture
capital firm dedicated to providing early-stage information technology,
Internet infrastructure and services, communications, and IT-intensive life
sciences companies with the capital and hands-on operational support they need
to develop into industry leaders. The firm has the advanced technical
expertise, proven operating experience and deep industry knowledge and
relationships to help entrepreneurs build companies with category-defining
potential. For more information please visit www.mvpartners.com.

About Mobius Venture Capital
Based in Boulder, Colorado, Mobius Venture Capital is a $1.5 billion
U.S.-based venture capital firm. For more information please visit
www.mobiusvc.com.

AboutVistaVentures
Focusing primarily on investments in the Rocky Mountain region, Vista invests
in early-stage companies in the networking, digital media and software
sectors. More information can be found at www.vistavc.com.

About NewsGator Technologies, Inc.
NewsGator Technologies helps enterprises and media companies leverage social
computing solutions to deliver real business value. The company's enterprise
social networking and widget services are in use by hundreds of the world's
most recognized brands, including Biogen Idec, CBS, CNN, Discovery, National
Geographic, Procter & Gamble and USA TODAY. NewsGator Social Sites and
Enterprise Server give enterprises better ways to collaborate, share content,
expand employee knowledge and improve productivity. NewsGator Widget Services
enable media and brand companies to better engage their audiences and extend
the value of their brands through viral syndication of content. NewsGator also
offers free, award-winning RSS aggregators for the Web, desktop, mobile
devices and e-mail clients. For more information, visit www.newsgator.com.

(1) Sources: Fortune 500, Forbes, Hoover's.

SOURCE NewsGator Technologies, Inc.

Laura Farrelly of NewsGator, +1-303-552-2046, lauraf@newsgator.com, or Karen
Pantinas of Beaupre, +1-603-559-5836, kpantinas@beaupre.com