October 18, 2012

Ideavibes Receives Investment from Mercury Grove for next generation crowdsourcing platform

Investment and new board of advisors will support platform development, marketing and staffing of sales and marketing team

Ottawa, ON - Ideavibes announced today that they have received an investment from local company Mercury Grove to accelerate the launch of Ideavibes next generation crowdsourcing platform.

"We are excited to partner with Mercury Grove during this next phase of Ideavibes' growth." said Paul Dombowsky, CEO of Ideavibes. "Their experience helping high-growth web-based startups accelerate will help us empower people and put Ideavibes into the hands of millions of users around the world."

Along with their cash investment, Mercury Grove is helping Ideavibes refresh the core application and build a world-class management team.

"There is so much untapped potential in the crowdsourcing space and we think Ideavibes has the potential to be a global leader in making user participation in everything from local to global issues and product development mainstream." said Mercury Grove CEO, Scott Annan. "We're excited to be part of the team to reinvent this industry".

Ideavibes plans to launch the new version of their platform next month.

About Ideavibes
The Ideavibes Crowd Engagement Platform™ enables organizations to create crowdsourcing and crowdfunding campaigns that use the power of social media and tapping into the wisdom of crowd to strengthen relationships through engagement and participation. It's about starting innovative projects, building better products, setting new directions and being more crowd- or community-focused, funding worthy initiatives and sparking social change. For more information about Ideavibes, or to sign up for a Free 45-Day Trial, please visit www.ideavibes.com.

About Mercury Grove
Mercury Grove is a community-based accelerator and web application company based in Ottawa, Canada. They invest, mentor, and help local high-growth web-based companies accelerate user adoption and gain critical early traction.

Ideavibes is a registered a trademark of Ideavibes Marketing Limited. All other trademarks and/or registered trademarks are the property of their respective owners.

For media inquiries, please contact:
Paul Dombowsky
Founder and CEO
+1 613-878-1681
[email protected]

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