RGM Group Gets $21M For Online Advertising

Los Angeles-based RGM Group, which provides online media services for premium advertisers, said today that it has raised $21M in a funding round. The round came from Riordan, Lewis & Haden (RLH) Equity Partners. As part of the funding, the company said that it has hired Kurt Johnson, the former CEO of FastClick, as its new CEO. Johnson also served as CFO of ValueClick. Chris Lewis and Ryan Smiley of RLH have joined the company's board, along with Rod Rodin, former CEO of Marshall Industries. Former CEO and founder Kamran Razavi becomes Chief Strategy Officer. The firm said it was advised by New Century Capital Partners in the funding. RGM operates a network of online publications, where it provides media representation and other services for those publishers. More information »