AzoogleAds with investment

Filed in archive Venture Capital on February 15, 2005

AzoogleAds closes an undisclosed amount - paid for performance advertiser really seem to become investors darlings:

"TORONTO--(BUSINESS WIRE)--Feb. 14, 2005--AzoogleAds, a leader in performance-based online advertising, today announced the completion of a significant minority investment from leading private equity firms TA Associates and Stripes Group. The substantial investment underscores AzoogleAds' market-leading position and proven ability to deliver value to its growing customer base. These funds will be used to support continued growth and increase the Company's share of the multi-billion dollar online advertising market.

"We are pleased to lead this investment in AzoogleAds, a profitable and rapidly growing company," said Brian Conway, a Managing Director at TA Associates, who joins AzoogleAds' Board of Directors. "Our decision to invest is a reflection of AzoogleAds' thriving affiliate network model, which has allowed it to become an innovative provider of targeted leads for advertisers."