TechTarget receives $70 million in venture capital financing.The Wall Street Journal (6/8/04) called TechTarget Inc.'s most recent cash infusion "one the largest venture investments this year .... Through the first quarter, the deal is larger than than all but one venture-capital investment--$90 million in online broker OptionsXpress Inc.--and all but eight in 2003." Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Levenson, founding partner at UCG UCG United Church of God UCG Underground Coal Gasification UCG University College Galway UCG Unified Communications Group (Microsoft) UCG Universal Command Guide for Operating Systems (Guy Lotgering book) , TechTarget's parent company, told NL/NL, "This is a great story of a small newsletter publisher who was purchased by UCG in 1992. He [Greg Strakosch] built the technology division of UCG for seven years. He then had a new idea which UCG fully funded at launch and spun out into a separate company. "TechTarget's meteoric me·te·or·ic adj. 1. Of, relating to, or formed by a meteoroid. 2. Of or relating to the earth's atmosphere. 3. success, which I forecasted in a speech at NEPA in 2000 to a crowd of sceptics, truly defies gravity," Levenson said. With this latest funding, TechTarget is valued at $225 million dollars. UCG still retains a significant stake. The Needham, Mass.-based company runs 21 websites, hosts conferences and publishes newsletters for, in the words of the Journal, "such unglamorous fields such as data storage and information security." Technology Crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. Ventures, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., and Polaris Venture Partners of Waltham, Mass., provided the $70 million funding. |
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