COLUMBIA, MD – Message Systems, which sells message management software to email and Internet service providers, social networks and large enterprises, says it has closed a $6 million round of equity from NewSpring Ventures. The company reported closing a “significant investment” from New Spring March 17, which we reported, but did not disclose the amount. It did disclose the $6 million figure in a filing with the U.S. Securities and Exchange Commission.
The company’s marquee clients include Facebook.
In 2009, the company developed six new products, doubled its revenue and maintained profitability despite the rough economy. The company was founded in 1997.
A company spokesperson tells us this is Message System’s first outside investment. It currently employs 70 people.
We have seen increasing interest among venture capitalists in companies that provide infrastructure for the digital world, whether in email, video, or
“Message Systems is an industry leader in digital messaging solutions. It’s a mature company with a solid business model, proven products, a cohesive vision and a seasoned management team – the perfect fit for our investment portfolio,” said Michael DiPiano, general partner at NewSpring Ventures in a statement.
“The company already has a marquee client base and is perfectly poised to capitalize on the enormous opportunity with enterprises and service providers alike as they optimize their digital communications.”
Its clients include Facebook, Digital River, Dice, CDC Software, Match.com and Yes Mail, among others.
By Allan Maurer
To reach TechJournal South editor Allan Maurer email: Allan at TechJournal South dot com.
