NewsGator Technologies, Inc. has closed a US$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 of 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 provides an enterprise-class RSS platform and supporting RSS applications. 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 secured its presence in many Fortune 2000 businesses and media companies.
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 from any device.
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."
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.