NewsGator Secures $12M in Venture Capital Funding and Adds Lisa Reeves to Its Board of Directors
December 13 2007 9:42 AM |
LinkCapital Will Be Used to Expand NewsGator’s Success in Providing Enterprise 2.0 Solutions to Fortune 2000 Businesses and Media Companies
DENVER, CO. — December 13, 2007 — NewsGator Technologies, Inc., a pioneer in RSS and Enterprise 2.0, announced today that it has closed a $12 million round of funding. Led by new investor Vista Ventures, the round also includes existing investors – Mobius Venture Capital and Masthead Venture Partners. NewsGator also announced the addition of Lisa Reeves, a general partner at Vista Ventures, to its Board of Directors.
“We are delighted to partner with Vista and we appreciate the continued support from Mobius Venture Capital and Masthead,” said J.B. Holston, president and CEO of NewsGator. “We also welcome the addition of Lisa Reeves to our Board of Directors. Ms. Reeves has 15 years experience at SAP AG, including managing its venture fund, as well as senior operational roles both in the U.S. and Europe. Lisa’s unique enterprise software and venture investing expertise will be invaluable as NewsGator continues to lead the Enterprise 2.0 market.”
“NewsGator is the most exciting late stage deal in Colorado,” stated Lisa Reeves. “I look forward to serving on NewsGator’s Board of Directors and leveraging my enterprise software experience from SAP to help foster NewsGator’s revenue growth."
NewsGator provides an enterprise-class RSS platform and supporting RSS applications that help individuals and businesses improve the way they find information and communicate. Using NewsGator products and solutions, businesses and consumers can subscribe to news, information, podcasts and other relevant content more efficiently and effectively than with traditional channels. Since launching its enterprise RSS strategy in mid-2005, NewsGator has become the leading provider of RSS products to Fortune 2000 businesses and media companies.
Brad Feld, managing director of Mobius Venture Capital, stated, “It is exciting to be involved with the market leader for enterprise RSS software. NewsGator’s Enterprise Server has been implemented at over 100 Fortune 2000 companies. This financing round will enable NewsGator to continue its aggressive expansion within the enterprise RSS market.”
Richard Levandov, general partner of Masthead, added, “Masthead is pleased to invest additional funds in NewsGator given the company’s achievements within the enterprise RSS and media markets. NewsGator’s Widget Framework has been adopted by over 50 of the world’s largest media companies, online publishers, and advertising agencies including Cablevision Systems Corporation, Macmillan, The Miami Herald, and San Jose Mercury News.”
The continued support of Mobius and Masthead, along with new investment from Vista, provides NewsGator with the resources to expand its global sales and marketing efforts.
About NewsGator Technologies
NewsGator Technologies is the world’s leading enterprise 2.0 and RSS company. Headquartered in Denver, Colo., NewsGator develops and markets RSS aggregation solutions for individual end users, enterprises and online content providers. Using NewsGator products and solutions, businesses and consumers can subscribe to news, information, podcasts and other relevant content more efficiently and effectively than with traditional channels. With NewsGator, users have access to RSS information via the Web, Microsoft Outlook, mobile devices and both Windows- and Mac-based desktop clients. All NewsGator products synchronize seamlessly, enabling users to read their RSS feeds anywhere, anytime, with any device. For more information, visit www.newsgator.com.
About Masthead Venture Partners
Headquartered in Cambridge, Mass., Masthead Venture Partners is a venture capital firm dedicated to providing early stage information technology, Internet infrastructure and services, communications, and IT-intensive life sciences companies with the capital and hands-on operational support they need to develop into industry leaders. The firm has the advanced technical expertise, proven operating experience and deep industry knowledge and relationships to help entrepreneurs build companies with category defining potential. For more information please visit www.mvpartners.com.
About Mobius Venture Capital
Based in Boulder, Colorado, Mobius Venture Capital is a $1.5 billion U.S.-based venture capital firm. For more information please visit www.mobiusvc.com.
About Vista Ventures
Focusing primarily on investments in the Rocky Mountain region, Vista invests in early stage companies in the networking, digital media and software sectors. More information can be found at www.vistavc.com.
Contact Information
Jennifer Gazin or Zoe Vandeveer
LaunchSquad
415.625.8555
newsgator(at)launchsquad.com
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