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June 6, 2013 07:18 pm GMT
Brand Networks, a company offering tools for brands to market themselves on Facebook, Twitter, Tumblr, and elsewhere, has raised $68 million in its first round of funding.Founded in 2006, Brand Networks has been bootstrapped and profitable until now, said co-founder and CEO Jamie Tedford with revenue growing by more than 100 percent every year since 2010. So why raise funding? Tedford said that with all the activity in social marketing particularly all the big acquisitions Brand Networks was left as one of the last big independents. As a result, he's been getting a lot of interest from both potential acquirers and potential investors.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QyGG8D6sm9A/
Aiming To Be A One-Stop Shop For Social Marketing, Brand Networks Raises $68M In Its First Funding
Brand Networks, a company offering tools for brands to market themselves on Facebook, Twitter, Tumblr, and elsewhere, has raised $68 million in its first round of funding.Founded in 2006, Brand Networks has been bootstrapped and profitable until now, said co-founder and CEO Jamie Tedford with revenue growing by more than 100 percent every year since 2010. So why raise funding? Tedford said that with all the activity in social marketing particularly all the big acquisitions Brand Networks was left as one of the last big independents. As a result, he's been getting a lot of interest from both potential acquirers and potential investors.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QyGG8D6sm9A/
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