Transactiv Secures $1.2 Million Series A Investment

Cincinnati, Ohio, Oct. 14, 2009 -- Transactiv, an Ohio-based startup that is developing a new transactional platform for online commerce, today announced that it has closed a $1.2 million Series A round of financing with Blue Chip Venture Capital, CincyTech, Neyer Holdings, Queen City Angels, and supporting participation from Cincinnati's most prominent private investors. The capital will be used to fund the company's development of its next-generation commerce platform, intellectual property portfolio, and technology leadership.



"Transactiv is a highly innovative organization, poised for tremendous growth,"

said Stephen Boord, Managing Director, at Neyer Holdings. "Transactiv's

combination of ground-breaking technology, a highly experienced management team,

and its unique and compelling value proposition creates the opportunity for it

to be one of Cincinnati's most promising startups."



"We are pleased by this vote of confidence from our investors and share their

enthusiasm for building successful new technology startups in Ohio," said Karl

Perron, Transactiv President and Chief Executive Officer. "Our investors have an

impressive track record of funding the region's most successful companies, and

we look forward to joining their ranks when we launch our innovative platform in

2010."



About Transactiv



Transactiv is a new Cincinnati-based startup dedicated to enabling online

commerce for businesses of all sizes. Founded by a team of experienced

professionals from SAP, Microsoft, and i2, Transactiv addresses a fundamental

need in online commerce to effectively connect millions of products and

businesses online. For more information please visit www.transactiv.com .



Source: Company press release.

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