This company and its management are beginning to fascinate me. They are running on high steam. I just had this update some weeks ago but we find them in the news again today with:

A) A new US$ 15 million round of funding:

"Information technology (IT) media company TechTarget announced today that it has secured $15 million in Series C funding from Palo Alto-based Technology Crossover Ventures (TCV) and Waltham (MA)-based Polaris Venture Partners. TCV and Polaris Venture Partners are existing investors in the company. Polaris led TechTarget's $30 million Series A round and participated in the June 2004 funding round of $70 million, in which TCV was the lead investor. The Series C funding brings TechTarget's total funding to $127 million, with $85 million raised in 2004 alone. Only two other U.S. companies have secured more funding this year.

TechTarget will use the proceeds to continue its rapid organic growth, fund additional acquisitions, and expand its international presence. The company projects it will close 2004 with nearly $50 million in revenue and will surpass $80 million in revenue in 2005. "

B) Techtarget has spend US$ 40 million on Bitpipe:

"Information technology (IT) media company TechTarget announced today it has acquired Boston-based Bitpipe, Inc. for $40 million in cash. Bitpipe is the #1 distributor of IT white papers, and, with TechTarget, one of the two fastest growing media companies serving enterprise IT professionals and executives. As a result of the acquisition, TechTarget now owns a majority share of the market for the distribution of IT white papers and other vendor-supplied content---serving a larger number of IT professionals and executives, and generating more revenue from that activity, than all other IT publishers combined."

C) Techtarget also plans 6 more acquisitions this year - seems a bit like 1999, isn't it?