There is certainly a distinction between collaboration and meetings. Nevertheless, one company is laser-focused on bringing efficiency to meetings through collaboration before, during and after meetings. That company is MeetingSense, which has just released version 3.0 of its hosted software.

“Meetings are not snapshots in time. They are an evolution of information,” according to Hannon Brett, who founded MeetingSense in 2004 with his brother, Gregg. Hannon managed strategic relationships for the Macromedia Breeze web conferencing unit before Adobe acquired Macromedia. Gregg worked in business development for IBM.

Hannon insists that users are saving an average of 15 minutes per meeting by using the software’s agenda wizard, meeting information capture, and meeting summary and action item capture and tracking. MeetingSense, backed by TVC Capital, has so far received $3 million in series A funding. The fee for the hosted service is $19.99 per month per user with volume discounts available.