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Today , TechMediaNetwork , Inc. , parent company of LiveScience , announced a $ 33 million Series B financing fromABS Capital Partners , a lead maturation equity investor . survive investors Village Ventures and Highway 12 Ventures also participate in the round .
TechMediaNetwork ( TMN ) is a conduce engineering media company that give rise tidings and reassessment in the technology and skill vertical . TMN will employ the funds to increase its learning program , further amplify its growing intelligence organization , raise its monetisation strategies and increase the distribution of its content , the company suppose in a financial statement . As a result of the financing , acrylonitrile-butadiene-styrene Capital General Partner Ralph Terkowitz and Principal Paul Mariani will join TMN ’s plank of directors .
“ Both organically and through completing acquisition , we are constantly looking to strengthen and broaden our expansion in the technology news show grocery , ” say Jerry Ropelato , chief operating officer and founder of TechMediaNetwork . “ The increase reach and influence of our electronic internet will continue to fork out more value to our readers , affiliates and advertising better half . ”
TechMediaNetwork delivers technology news show and intersection review across its 16 different entanglement properties , sport such flagship sites as LAPTOP , SPACE.com , TopTenREVIEWS and TechNewsDaily . TMN connects consumers , small publisher , advertisers and ecommerce trafficker through a web of trusted information , tax income opportunity and audience reach . TMN has built a scalable process for create highly customizable , commit editorial subject , enabling TMN ’s prize - winning journalists to apace produce superior news , reviews and commentary .
The company ’s content attain tens of billion of unique reader monthly and ranks third in comScore ’s Technology News rankings . The Company has syndication pardner , include Yahoo ! , MSNBC.com and the websites of Fox News and CBS News , and adman such as American Express , AT&T , Canon , General Motors , HP , Kodak , Sony , Symantec , Toyota and Warner Bros.
“ We have been searching for a take technology - point cyberspace and peregrine publication business , believing that quality engineering content attracts advertiser and ecommerce transactions . TMN is a loss leader in this space , ” said Ralph Terkowitz of ABS Capital . “ We really liked their approach of providing ‘ news you’re able to use ’ engineering capacity which is highly attractive to consumers and modest byplay alike . We look ahead to working with the team as they stay to build on their lead-in in this authoritative vertical . ”
TMN has made two acquisitions since its instauration and has more than 90 publishing partners . Pacific Crest Securities acted as the advisor to TMN .
About TechMediaNetwork , Inc.
TechMediaNetwork is a leading technology media company that bring on news and reviews hand more than 24 million monthly visitant . TechMediaNetwork editors review more than 800 categories of products and
services atTopTenREVIEWS , and print intelligence , features and comment atLAPTOP , SPACE.com , LiveScience , Newsarama , TechNewsDaily , iPadNewsDaily , OurAmazingPlanet , BusinessNewsDaily , MyHealthNewsDaily , NorthOrion , SecurityNewsDaily , InnovationNewsDaily , IT TechNewsDaily , Herman StreetandLife ’s Little Mysteries . The company distributes capacity through its owned and operated websites , syndication partners and website partner , and publishes LAPTOP magazine . To get word more about TechMediaNetwork , visitwww.TechMediaNetwork.com , theTechMediaNetwork Facebook Pageor abide by the company on Twitter@TMN_TechMedia .
About AB Capital Partners
ABS Capital Partners is a maturation equity house investing in the very best late - stage growth companies , partnering with CEOs to produce a bridge to the next decisive stage of success . Whether success is defined as a win IPO like American Public Education , Neustar and Rosetta Stone or a rewarding sale such as US Labs , Course Advisor and Advanced Disposal , Av Capital ’s financial financial support and combat-ready partnership support the CEO in tackling the challenges of rapid growth and creating pregnant long - term time value .
Our partners are extremely experienced at working with growth companies — each having spend between one and three X in their diligence as C - level executives , investment funds bankers and investors . Our practical , down - to - ground attack enables a strong partnership to determine and achieve well - defined finish . Our extensive web of resource delivers critical industry connections to our portfolio companies enabling them to capitalize on their competitive advantage .
ABS Capital Partners specializes in four development sectors — job serving , wellness care , media and communications and technology . With over $ 2 billion raised since inception , include $ 420 million in our late store , ABS Capital bear on to build on its strong reputation for teaming with market leaders to deliver strong returns to investor .
For more information , please visitwww.abscapital.com .
About Village Ventures
Village Ventures is a seed and other phase venture uppercase business firm focusing on the culture medium and fiscal services sectors . It partners with outstanding entrepreneur create innovative products and solving complicated problems in those industries . Representative portfolio society include Extreme Reach , Babble , TxVia , Simple Finance ( d / b / a Bank Simple ) , iSend , OnDeck Capital and Metamarkets . For more selective information , go towww.villageventures.com .
About Highway 12 venture
main road 12 Ventures is an former - stagecoach speculation capital firm focus on investing in the most hopeful high - development companies in the rocky mountain region . For more information , please visitwww.highway12ventures.com .
