Software company EvoApp to lease to startups

Buoyed by about $1 million in new funding, fledgling business software company EvoApp has leased more office space and is extending its research into a new market.

EvoApp's software enables businesses to analyze what's being said about them on Facebook, Twitter and the like, and mount a coordinated response when necessary. It as well enables companies to analyze email and other digital communications with clients and measure the quality of the company's customer relationships.

The company doesn't disclose revenue

The company doesn't disclose revenue. Frey said the company's customer list has in broad outline doubled since September to more than 40, including the Swiss energy conglomerate ABB and the nonprofit RTI International. Clients pay between $1,500 and $15,000 a month for the software.

The company as well is extending its research to try and capture a share of the growing appetite for "Big Data," or the analysis of humongous quantities of business data. EvoApp's Web-based analytics engine will enable companies to develop Big Data software that would take advantage of the computing power available over the cloud. EvoApp recently filed a patent for the innovation and plans to begin licensing it in a few months.

What these guys have come up with

"What these guys have come up with, we believe, is a completely novel way to make huge-scale analytics available to anyone without having to buy massive amounts of computing power," Frey said.

The company's past investors include a number of people who are prominent in the innovation arena, including Timothy Buckley, former chief operating officer at Red Hat, and Joe DeSimone, the renowned scientist and founder of several companies, including Liquidia Technologies. Their support, plus the recruitment of Frey, have thrust EvoApp into the spotlight.