Partners Joins August Capital and Sierra Ventures in Helping Leading
Web Content Management Platform Company Meet Growing Demand
- DotNetNuke Corp. secured an $8 million Series B financing lead by new investor UV Partners. Existing investors August Capital and Sierra Ventures also participated in the round which is meant to accelerate product development and expand marketing and sales.
- Demand for a flexible, cost-effective Web Content Management Platform for Microsoft .NET resulted in the signing of nearly 500 customers since DotNetNuke Corp. released its first commercial product in February 2009.
- DotNetNuke Corp. signed nearly 50 paying Fusion Partners, which deliver customers ranging from startups to Fortune 100 companies, with implementation services for business-critical web sites and web applications.
- The DotNetNuke Corp. online marketplace, Snowcovered.com, completed nearly 40,000 transactions of third-party software extensions to almost 15,000 customers in 2009.
- Other 2009 milestones included:
- Acquiring Snowcovered, the premier online market for over 6,000 DotNetNuke modules, skins, services and related products offered by nearly 800 third-party vendors.
- Making several product enhancements to the Professional, Elite and Elite Premier Editions, most recently integrating Telerik RadControls for ASP.NET AJAX.
- Moving distribution of the open source version of DotNetNuke, the Community Edition, to CodePlex, Microsoft’s premier open source project hosting web site. In addition, Shaun Walker, DotNetNuke’s co-founder and chief architect, joined the CodePlex Foundation interim Board of Directors.
- Receiving the asp.netPRO Magazine 2009 Readers’ Choice Award as a leading Content Management System.
- According to the Gartner Magic Quadrant for Web Content Management:
- “WCM represents one of the fastest-growing areas of ECM and now accounts for more than 25 percent of the ECM software market.”
- "WCM goes beyond the literal management of Web content and offers tools that allow a company to manage and make money from its Web presence, especially in areas such as building a customer-centric Web strategy, marketing, e-commerce and the media.“
- Gartner also acknowledges “increased popularity and traction for open-source offerings.”
- According to IDC’s Worldwide Content Management Software and 2008 Vendor Shares:
- "Growth in the content management market continues to be driven by several of the key priorities for enterprise software spend, including the need to ensure regulatory compliance and reduce risk, the need to boost information worker productivity and improve the cost-effectiveness of document-intensive business processes, and the desire to leverage the Web to build brand, strengthen customer relationships, and grow revenue.”
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About DotNetNuke Corp.