techtarget with numbers

Filed in archive Entrepreneurship on February 28, 2005

This company continues to amaze me:

• Secured $85 million in funding to bring
  total funding for the company to $127 million. TechTarget's $85 million
  represents the fourth-largest private funding amount secured by a US
  company in 2004.


• Acquired Bitpipe, 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.


• Increased the number of employees by 50 percent, from 233 to 349.


• Added more than 500 advertisers, bringing the total number of advertisers doing business with TechTarget to 2,500.


• Hired former Computerworldeditor-in-chief Maryfran Johnson, and Joseph L. Levy, founder of IDG's
  CXO media unit and former president and CEO of IDG Communications, to
  helm TechTarget's CIO Decisions Media Group.


• Announced the April 2005 launch of TechTarget's third print publication, CIO Decisions, the first magazine to serve CIOs and senior IT executives in midmarket companies.


• Launched its first international properties, TechTarget China and Information Security Taiwan.