SOUTH SAN FRANCISCO, Calif., April 1, 2008 /PRNewswire/ --
CompareNetworks, Inc., a global online B2B media company for the life
science and healthcare industries, today announced that it has closed a
round of financing from Alta Communications.
Based in South San Francisco, California, CompareNetworks operates
vertical websites and email newsletters that target life science
researchers, medical and dental professionals. The CompareNetworks sites,
which include biocompare.com, medcompare.com, dentalcompare.com and
ophthalmologyweb.com, help marketers in their respective industries target
decision makers in these specialized fields. CompareNetworks generates
highly qualified sales leads through its comprehensive marketplaces,
targeted editorial and video content.
Today's announcement follows a strong growth year for CompareNetworks.
"We couldn't be happier with the results we have achieved," said Paul
Gatti, CEO of CompareNetworks. "Our growth leaves us confident in the
reputation we have earned for ourselves in the communities and advertisers
we service. Our partnership with Alta Communications will allow us to
accelerate growth in 2008 and beyond. We look forward to being the driving
force in new media for these markets and others."
CompareNetworks has had significant revenue growth over the past 3
years and now has over 400 recurring customers. Additionally,
CompareNetworks continues to expand its services with more user-driven
content, specialized search tools, and online multimedia education.
"We are excited to be working with the CompareNetworks team," said
Timothy Dibble, managing partner at Alta Communications, "The trend of ad
dollars moving online will continue for the foreseeable future and
CompareNetworks is in the perfect place to benefit."
CompareNetworks, Inc.
Headquartered in South San Francisco, California, CompareNetworks is a
leading media company for the life science and healthcare industries. The
CompareNetworks websites assist health and life science professionals make
informed purchasing decisions by offering a long-needed source for product
information and industry news. With an extensive directory of more than
600,000 products with complete specifications, and thousands of product
videos CompareNetworks provides the most up-to-date and efficient
technology guide on the Web.
Alta Communications
Alta Communications is a Boston-based private equity firm formed in
1996 to focus exclusively on the media and telecommunications industries.
Currently Alta has approximately $1.5 billion of capital under management
in five limited partnerships. Limited partners consist primarily of large
pension funds and university endowments. The investment team has more than
100 years of collective communications experience.
SOURCE CompareNetworks, Inc.
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Related links:
http://www.biocompare.com
CONTACT:
Matthew McLean of CompareNetworks, Inc.,
+1-650-416-0496, mmclean@comparenetworks.com
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