IPOs:
So far today, Constant Contact’s (Nasdaq: CTCT) stock price is up a whopping $9.39 to $25.39. Yes, it looks like the IPO market for tech companies is still on track.
Constant Contact develops cool on-demand technologies that allow companies to engage in email marketing. A big chunk of revenues come from small-to-medium size businesses. In fact, the average monthly revenue per customer is about $33. Also, because of the subscription model, Constant Contact has built a nice recurring revenue stream.
Venture Capital Fundings:
Zilker Labs ($10 million): Develops Digital-DC power conversion IC products
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Punchbowl (N/A): Operates an event-planning website
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Rubicon Project ($6 million): Develops technologies for online advertisers.
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Reply.com ($4.5 million): A performance-based marketing solutions company
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Filed under: Deals
