ATLANTA – Silverpop, an email service provider, says the European Founders Fund (EFF) has purchased common stock directly from the privately-held company’s shareholders.
The company, which has a European expansion underway, did not disclose the amount of the investment.
EFF, a top-tier venture capital firm with an impressive record of success in Internet ventures, was established by Samwer brothers Marc, Alexander and Oliver.
They built some of the most successful Internet companies in Europe: Alando/eBay Germany and Jamba!, which is now part of News Corporation.
Other investments in the portfolio of the Samwer brothers include Facebook, LinkedIn and HomeAway, the world’s leading vacation rentals marketplace.
Silverpop has enjoyed consistent success over the last five years. In 2007, Silverpop was named the second-fastest growing technology company in Georgia by Deloitte.
The company currently has over 325 employees worldwide, and anticipates significant employee headcount growth in 2009.
Silverpop serves over 1,000 customers, and it has achieved a top-line revenue growth rate averaging more than 50 percent per annum during the past five years.
In March 2008, the company received $15 million in funding from global investment and technology development firm D.E. Shaw.
It says it has over $18 million of cash on hand and 17 quarters of positive cash flow.
“Silverpop’s growth in the United Kingdom and continental Europe continues to exceed our expectations,” said Silverpop CEO Bill Nussey.
“Our new partnership with EFF and the Samwer brothers not only adds credibility to our efforts, but provides entrée to their strong network of business relationships throughout Europe, helping further accelerate our ability to grow.”
The company’s clients include:
Fossil, Siemens, KPN, British Sky Broadcasting, Telegraaf Media Groep, Barclays Global Investors, Shop Direct Group, Plantronics, Pitney Bowes MapInfo, Houghton Mifflin and others.
On the Web: www.silverpop.com
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