UCG secures $30 million in TechTarget.com funding.A pioneer newsletter company, United Communications Group (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) ) of Rockville, Maryland Rockville is the county seat of Montgomery County, Maryland, United States. According to the 2006 census update, the city had a total population of 59,114, making it the second largest city in Maryland. , has found funding for its spun-off internet company, TechTarget.com, despite the downturn in funding for dot-com companies in recent months. TechTarget.com (NL/NL 11/30/00), a leading network provider of industry-specific IT web sites and located in Needham, Mass., has secured $30 million in Series A funding from a group which is led by Polaris Venture Partners and which includes UCG and Roger Marino, co-founder of EMC Corporation EMC Corporation (NYSE: EMC) is an American Fortune 500 and S&P 500 manufacturer of software and systems for information management and storage. It is headquartered in Hopkinton, Massachusetts, USA. . Less than two years after it was founded, TechTarget.com has launched 23 industry-specific web sites for enterprise IT professionals, serves more than one million registered members, and has recorded 16 consecutive months of record revenues. It will use the funding to expand its network and increase the value it brings to its sponsors. Alan G. Spoon, managing general partner of Polaris and the former president of the Washing ton Post Co., will join the TechTarget.com board, along with Marino, Bruce Levenson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UCG, and Greg Strakosch, CEO of TechTarget.com. "The addition of Roger Marino and Alan Spoon to the board is a ringing endorsement for the company," Strakosch said. "Their enormous experience in fostering the growth of successful organizations will be a tremendous asset as we pursue our goal of profitability in 2001." TechTarget.com counts among its sponsors some of the world's leading technology firms, including IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Oracle Corp., Sun Microsystems, Intel Corp., EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , and Veritas Software. Its network of IT web sites includes: * SearchASP.com * SearchNetworking.com * SearchStorage.com * Whatis.com. "TechTarget.com has been able to beat the odds in this economy," Strakosch said, "by keeping an eye on the most important things in any economy: serving our target market while managing our business wisely." He continued, "We're committed to getting the information IT professionals need directly into their hands and delivering results for our sponsors." UCG, one of the nation's top publishers of business-to-busi ness information, formed UCG B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Ventures in 1999 and that year provided the initial funding for TechTarget.com. Polaris Ventures is an early-stage venture capital firm with more than $1 billion under management. |
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