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Nexo Systems, Inc.

Product Name

Nexo

Market Segment

Consumer

Funding

Privately funded by angel investors.

Competitors

eTeamz, MyFamily.com, Yahoo! Groups

Product Description

Nexo redefines online groups. Its free and easy service combines rich Website creation, integrated email communications, social networking and real-time group collaboration to fundamentally change the way formal and informal online groups work together. Group features include shared calendars, forums, tasks, blogs, feeds, polls, photos, videos, fi le sharing and much more—all in a secure, sharing environment. By providing better communication and collaboration, Nexo aims to bring families, teams and clubs closer together.

Market Opportunity

First-generation online group services already account for 9 million groups and 100 million users, with the vast majority of groups still not using an online service. This large market provides tremendous advertising and affiliate revenue opportunities.

Demo Says

As the Internet becomes more centered on community, new technologies for group interaction are flourishing. We’ve seen great examples of this at DEMO, from wikis to all manner of social networks. Nexo Systems takes group collaboration one step closer to consumer-friendliness with an extremely intuitive, couldn’t-be-simpler, module-based site builder. Nexo’s founders recognized the positives in the current group leader, Yahoo! Groups, and worked to integrate similar technology into their product. But they removed any limitations, added all manner of fun widgets to drag and drop and, most interestingly, gave the pages an open architecture for those users with a bit of savvy. We put the product to the ultimate test: a) would a 72-year-old mother want to use it, and b) could she figure it out? Nexo passes both tests with flying colors.