-- Angel Round Raised to Accelerate Ektron's Global Go-to-Market Strategy
NASHUA, New Hampshire, June 12, 2013 /PRNewswire/ -- Web Content and Digital Experience Management solution provider Ektron today announced that the company had closed a new financing round, only the third round in the company's 15 year history, bringing total outside investment to $4.5 million. The Angel Round had nine participants, including CEI Ventures, members of Ektron's executive management, existing investors, and new outside angel investors.
CEI Ventures is a for-profit venture capital subsidiary of Coastal Enterprises Inc., a Wiscasset, Maine-based community development financial institution. CEI's venture funds have raised more than $41 million for socially responsible investing, and CEI Ventures has invested in 35 companies over the past 16 years in industries including natural foods, software, biotechnology and scientific instruments.
"CEI Ventures was particularly attracted to Ektron by its strong management team, long successful track record and focus on attentive customer service in the customer experience management business," said Nathaniel Henshaw, Managing Director of CEI Ventures.
"At Ektron we're excited to partner with CEI Ventures. As an employee owned company and one of the few independent companies in our space, CEI's social responsibility goals align well with our corporate goals and values," said Ektron President Tim McKinnon.
Ektron plans to use the new funding to accelerate its global reach by expanded sales and marketing programs, to further develop its mobile and cloud offerings in web content and digital experience management, and to advance its technology leadership position. Nathaniel Henshaw, Managing Director of CEI Ventures, will join Ektron's Board of Directors.
Ektron recently announced:
- Ektron Managed Cloud – a Cloud web content management hosting solution
- Editor enhancements, broadened responsive design support, Amazon EC2 Cloud support and expanded SharePoint capabilities for the company's flagship web content management platform
- The opening of a new Ektron office in Singapore to support the company's continued growth in the Asia Pacific region
Since its founding in 1998, Ektron has rapidly grown its customer base through software offerings that power corporate websites, intranet portals, and social communities for more than 3,800 customers and over 12,000 public-facing and intranet websites across the world. Ektron helps its customers deliver compelling experiences to their audiences through all digital channels - including websites, mobile devices and social networks - by using content to engage consumers, drive business outcomes, and further revenue growth. Ektron customers include top organizations in financial services, education, healthcare and technology, as well as non-profit, public sector, and manufacturing.
"As new devices and technologies continue to revolutionize how people find, interact with and experience content, that also means that how marketers create, manage and target web content is radically changing too," said Ektron CEO and Founder, Bill Rogers. "Ektron's combination of technology, team and market opportunity make this an exciting time for our company." (Read more on Bill's blog post: "4 Trends That Shape the Future of Content Targeting").
Ektron simplifies the creation, management and delivery of digital experiences for global organizations that are looking to drive revenue growth and improve customer satisfaction. Ektron helps companies deliver customer experiences to their audiences through digital channels by using content to engage consumers and drive business outcomes. Headquartered in Nashua, N.H., with offices in Australia, Canada and the U.K., Ektron has thousands of customers including: Fairmont Raffles Hotels International, Las Vegas Sands, Microsoft, NASDAQ and National Health Services UK. For more information: www.ektron.com.