SmartVault Named One of the Most Promising I.T. and Web 2.0 Companies at the Rice Alliance Venture Forum

HOUSTON, TX – December, 21 2009 – SmartVault was named one of the Most Promising I.T. and Web 2.0 Companies at the 7th annual Rice Alliance for Technology & Entrepreneurship I.T. and Web 2.0 Venture Forum in Houston last week based.

The one-day event culminated in an announcement of the Most Promising I.T. and Web 2.0 Companies chosen from more than 50 presenters and judged by the Rice Alliance I.T. and Web 2.0 Advisory Board, based on the companies’ business plan or elevator pitch presentations. I.T. and Web 2.0 companies showcased their new ventures for an audience of more than 400 attendees, including investors, venture capitalists, industry representatives, business leaders, advisors/mentors, service providers, and entrepreneurs.

Privately held SmartVault, based in Houston, provides an intuitive web-based solution for users to store, share and access all of their documents easily and securely. SmartVault’s unique integration with popular SMB applications such as QuickBooks, creates a seamless user experience for scanning, attaching and finding documents within a familiar application. The Software-as-a-Service solution ensures documents can be accessed anytime, anywhere from a Web browser and there is no new hardware to install or configure

“We started SmartVault because we saw an opportunity to provide small- to medium-sized businesses and professional services that require a high degree of document sharing, such as accountants, realtors, lawyers and contractors, with an affordable, easy to use document management solution,” said Eric Pulaski, founder and CEO, SmartVault. “The Rice Alliance Venture Forum was very valuable for our company since we were able to get instant feedback on our business plan from veteran entrepreneurs and investors. We were also able to meet several strategic partners and customers.”

Rice Alliance managing director Brad Burke, announced the winners of the Most Promising I.T. and Web 2.0 Company awards at the event. “Every year the quality of companies improves. This year we had variety from planning your evening activities to learning English. Many of the companies at this year’s event have developed prototypes, obtained proven results and are on their second round of funding. This makes them more appealing to investors, who have also expressed appreciation for the quality of the companies.”

The Forum was supported by Andrews Kurth, Austin Ventures, Sevin Rosen Funds, Trailblazer Capital and Rice University with supporting organizations Houston Technology Center and Opportunity Houston and media sponsors Houston Business Journal and the BusinessMakers Radio Show.

About The Rice Alliance for Technology and Entrepreneurship

The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) is Rice University’s nationally-recognized initiative devoted to the support of technology commercialization, entrepreneurship education, and the launch of technology companies. It was formed as a strategic alliance of three schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Management. Since inception, the Rice Alliance has assisted in the launch of more than 250 start-ups which have raised more than half-a-billion dollars in early-stage capital. More than 750 companies have presented at the 100+ programs hosted by the Rice Alliance.

For more information about the Rice Alliance, visit www.alliance.rice.edu
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