Home > News and Events > Press Releases > 2008 > Respected European Entrepreneurs Invest in Silverpop
Respected European Entrepreneurs Invest in SilverpopThe European Founders Fund purchased common stock from Silverpop
ATLANTA, Dec. 3, 2008 -- Silverpop, a leading email service provider, today announced that the European Founders Fund (EFF) has purchased common stock directly from the privately-held company's shareholders. 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, who have 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. "We believe that Silverpop's high-ROI solutions, its experienced management team and healthy financials uniquely position the company to thrive in even the toughest economies," said Oliver Samwer. "We look forward to supporting Silverpop through our know-how and network so that it becomes the predominant provider of on-demand marketing solutions across Europe." 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. With over $18 million of cash on hand and 17 quarters of positive cash flow, Silverpop is well positioned to benefit from growing demands of domestic and international marketers for efficient and cost-effective online marketing tools. "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." About Silverpop About European Founders Fund ### |
Engagement Marketing: Partnering With Your Customers for Success
Tactics for entering a two-way dialogue with customers. |