TechTarget secures financing; makes purchase & enters into partnerships.Information technology media company TechTarget (Needham Needham (nēd`əm), town (1990 pop. 27,557), Norfolk co., E Mass., a suburb of Boston; founded 1680, set off from Dedham and inc. 1711. Although largely residential, paper products, electronic equipment, software, and other items are manufactured there. , MA) has secured $70 million in Series B funding from 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. , CA) and Polaris Polaris (pōlâr`ĭs) or North Star, star nearest the north celestial pole (see equatorial coordinate system). Venture Partners (Waltham, MA), the venture capital firm that led TechTarget's $30 million Series A funding round in March 2001. TechTarget said it will use the proceeds to fund additional acquisitions and expand its international presence. In related news, TechTarget has entered into two partnerships to produce Chinese-language web sites and magazine for the Taiwan and China markets. The company has partnered with New Era International (Taipei) to launch Chinese-language versions of TechTarget's Information Security magazine and its SearchSecurity.com web site. Information Security Taiwan (IST) will feature editorial from both the parent magazine and from New Era's iSecuTech, its Chinese-language magazine for info-security professionals. IST will be published monthly with a controlled circulation of 20,000. TechTarget has also partnered with Chinabyte.com (Beijing) to develop Chinese-language versions of TechTarget's web sites targeting specific communities of IT professionals. The two companies are launching five Chinese-language sites this month: Search Win2000.eom.cn, SearchDatabase.com.cn, SearchMobileComputing.com.cn, Search-Security.com.cn and SearchC10.com.cn. Chinabyte is the merged entity between Beijing PDN (1) (Packet Data Network) See packet switching. (2) (Premises Distribution Network) The network that connects a customer's ADSL transceiver (ATU-R) to the Service Modules (PCs, routers, set-top boxes, etc.). See DSL. Xinren Information Technology and Chongqing Yesky Technology Co. PDN was established by News Corp. and People's Daily The People's Daily (Chinese: 人民日报; Pinyin: Rénmín Rìbào), a daily newspaper, is the organ of the Central Committee of the Communist Party of China, published worldwide in 1995 while Yesky was established by Chinese PC Weekly and International Data Group in 1999. The two companies merged in April 2001. Finally, TechTarget has acquired myIT-Forum.com from Altiris (Lindon, UT). TechTarget said the site is designed for professionals who manage their coporations' Windows systems and is the number one site for information on Systems Management Server (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ). It also includes over 60 forums where IT professionals share expertise and exchange technical information. |
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