Monday, April 20, 2009

SurveyMonkey Acquired By Private Equity Firms

Portland, Oregon-based SurveyMonkey, a firm which provides subscription-based Internet surveying and polling services, has been acquired by a group of private equity investors. The firm said today that a group led by Spectrum Equity Investors, and including Bain Capital Ventures, will acquire a majority interest in the firm. Financial terms of the buy were not disclosed. SurveyMonkey was founded in 1999. David Goldberg, who was most recently Entrepreneur-in-Residence at Benchmark Capital, will become CEO of the firm. Goldberg was also previously head of Yahoo Music. Founders Ryan and Chris Finley will remain with the company.