Investment will accelerate the company’s global expansion and product development

SAN MATEO, Calif. – June 5, 2012 – Clarizen, the award-winning project management and social collaboration software company, today announced that it has completed a $12 million Series E financing round led by Vintage Partners. Existing Clarizen shareholders Benchmark Capital, Carmel Ventures, DAG Ventures and Opus Capital also participated. The funding will support continued expansion, strategic partnerships, and product development designed to enhance the end user experience.

The news comes on the heels of a banner year for Clarizen. The company saw 300% YOY growth in 2011, and continues strong expansion – adding over 100 new customers each month. Clarizen makes organizations more effective by combining the tools needed to plan and execute work within a collaborative cloud-based environment that puts data, structure, and communications all in one place. Simple to use, yet robust, Clarizen’s project management suite eliminates the need for multiple disconnected planning and communication tools. Clarizen’s unified, collaborative environment gives team members and organizations better visibility into their work and provides the tools to get projects executed more quickly.

“Clarizen’s vision for today’s social workforce reflects our understanding that successful organizations need much more than task management or another way to communicate.” said Avinoam Nowogrodski, CEO and co-founder of Clarizen. “The workplace we enable is powerful, because Clarizen helps move information and communications out of silos, gives them structure, and makes this data actionable. This funding comes at an exciting point as we look to accelerate our investment in mobile access and global expansion.”

Clarizen recently introduced its native Android application to complement its existing iPhone app, providing users with real-time access to their tasks and projects from their mobile devices. In addition, the company introduced Clarizen Anywhere, a browser-application and Microsoft Outlook-based toolbar that provides users with immediate access to Clarizen without the need to login.

About Clarizen

Clarizen is a collaborative work management solution designed for people who value their time, and for organizations that value cross-company engagement. Built on a secure, scalable platform, Clarizen brings together project management, configurable workflow automation and in-context collaboration to create a meaningful engagement experience that allows everyone to work the way they work best. Everyone involved can track projects, communicate effortlessly and participate on their terms. When employees can connect to a larger and more meaningful purpose, progress is not only clear, it’s accelerated. Organizations of all sizes, across 79 countries already rely on Clarizen to help engage their people and move their business forward. The company is privately held with office locations including San Mateo (California), Tel Aviv and London.