Funds to Fuel Acquisitions, Continue Innovation and Accelerate Growth in
Emerging Markets
NEW YORK, March 18 /PRNewswire/ -- Ziff Davis Enterprise, B2B
technology's trusted information and marketing resource, today announced it
has received $20 million in funding from Bessemer Venture Partners. Ziff
Davis Enterprise will use this strategic funding to fuel acquisitions and
further its innovation in the areas of audience development, social media,
and contextual content. In addition, it will help accelerate the company's
growth in emerging markets such as small- to mid-sized technology
companies.
"The endorsement of a seasoned venture investor like Bessemer speaks
volumes about our opportunity for success in this dynamic industry," said
Steve Weitzner, chairman and CEO, Ziff Davis Enterprise. "Bessemer Venture
Partners' successful track record across its portfolio will serve as an
excellent benchmark for us. This funding will significantly accelerate the
pace at which we can innovate and grow to best meet the changing needs of
our subscriber and B2B technology marketer client communities."
Bessemer Venture Partners joins Insight Venture Partners, which
acquired Ziff Davis Enterprise in July 2007.
"Ziff Davis Enterprise is extremely well-positioned to address the
demands of discerning buyers for objective content," said Bob Goodman,
partner, Bessemer Venture Partners. "Their innovative methods allow B2B
technology marketers to achieve measurable results with integrated
marketing programs. We look forward to working with their talented
management team to extend their reach and grow both organically and through
acquisition."
About Bessemer Venture Partners
Bessemer Venture Partners is a global investment group with offices in
Silicon Valley, Boston, New York, Mumbai, Shanghai, and Tel Aviv. As the
oldest venture capital practice in the United States, Bessemer has helped
to pioneer the software industry over the last several decades with
investments in leading companies such as Veritas, Parametric, Keynote
Systems, VeriSign, and Skype. Bessemer currently has one of the largest
software portfolios in the venture capital industry with more than 25
active software investments, including industry leaders such as Bladelogic
(Nasdaq: BLOG), BroadSoft, Endeca, Netsmart Technologies, Portrait Software
(London: PST), Parallels, Tripwire, and Vertica. Bessemer's software
practice is now primarily focused on Software as a Service and has been
among the most active investors in this emerging market, with investments
including Postini (recently acquired by Google), Perimeter eSecurity,
LinkedIn, Cornerstone OnDemand, and Select Minds. For more information,
please visit http://www.bvp.com or send an email to saasvc@bvp.com.
About Ziff Davis Enterprise, Inc.:
Ziff Davis Enterprise, Inc. is B2B technology's trusted information and
marketing resource. Millions of technology buyers rely on our relevant,
objective content to identify the right solution for their organization.
Over 300 technology companies, from industry giants to emerging start-ups,
rely on our contextual marketing, content and audience development
expertise to compress sales cycles and lower their go-to-market costs.
Leading brands include Baseline, CIO Insight, eWEEK, baselinemag.com,
cioinsight.com, eWEEK.com, WebBuyersGuide.com, the Developer Shed network,
as well as eSeminar, Virtual Tradeshow, Event, and Custom Media services.
Ziff Davis Enterprise has a global database of 4 million users representing
an unparalleled community of business and technology professionals,
developers, and the channel. http://www.ziffdavisenterprise.com
|
