Ziff Davis Enterprise Secures $20 Million in Funding
Ziff Davis Enterprise this week announced it has received $20 million in funding from Bessemer Venture Partners. Ziff Davis Enterprise plans to use this strategic funding to fuel acquisitions and further its innovation in the areas of audience development, social media and contextual content. In addition, it will help accelerate the company’s growth in emerging markets such as small- to mid-sized technology companies.
“The endorsement of a seasoned venture investor like Bessemer speaks volumes about our opportunity for success in this dynamic industry,” said Steve Weitzner, chairman and CEO of Ziff Davis Enterprise. “Bessemer Venture Partners’ successful track record across its portfolio will serve as an excellent benchmark for us. This funding will significantly accelerate the pace at which we can innovate and grow to best meet the changing needs of our subscriber and B2B technology marketer client communities.”
Bessemer Venture Partners joins Insight Venture Partners, which acquired Ziff Davis Enterprise in July 2007.
“Ziff Davis Enterprise is extremely well-positioned to address the demands of discerning buyers for objective content,” said Bob Goodman, partner, Bessemer Venture Partners. “Their innovative methods allow b-to-b technology marketers to achieve measurable results with integrated marketing programs. We look forward to working with their talented management team to extend their reach and grow both organically and through acquisition.”