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Clickability, On Demand Web Content Management, Secures $8 Million in Its Second Round of Venture Funding

February 5th, 2008 by Social Guy

 

clickability

Clickability, Inc., the global leader in on demand Web Content Management, today announced the closing of $8 million in its second round of venture funding. Shasta Ventures led the round, with additional investment from Convergence Partners, which financed Clickability’s initial venture capital round.

Clickability’s total equity financing amounts to $15.6 million. Shasta Ventures managing director, Ravi Mohan, will join Clickability’s board of directors. Prior to co-founding Shasta Ventures, Mohan was a general partner at Battery Ventures where he led eight investments and served on the boards of 12 software and technology-enabled service companies.

The new funds will be used to capitalize on the explosive growth of the WCM market, further Clickability’s global leadership position through increased sales and marketing activities, enlarge its innovative product and software infrastructure development, and continue operational expansion worldwide.

Clickability is the first and only Web Content Management (WCM) company to offer a software-as-a-service (SaaS) platform for the entire Web content lifecycle, from content creation to optimization. In addition, the company’s platform enables non-technical users to manage sophisticated Web sites, reduce costs, grow revenue, build brands, and foster stronger customer relationships.

“It’s extremely gratifying that such prestigious investment partners believe in the enormous potential of on demand content management and have shown confidence in our leadership position in this market,” said John Girard, Clickability’s founder and CEO.

Within the last year and a half, Clickability’s sales and revenues doubled in size while its sales pipeline more than quadrupled. Since the launch of its flagship on demand platform for WCM, the company has rapidly grown to more than 100 customers, including Fortune 500 companies that target the media and enterprise markets. Clickability has served over 2.5 billion pages to date and over 300 million pages per month, while managing 400 websites with over 6,000 seat licenses.

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