techtarget with numbers
Filed in archive Entrepreneurship by tj 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.
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