Wednesday, April 11, 2012

Act-On Claims Record Growth

Beaverton, Oregon-based Act-On Software, which develops marketing automation software, is claiming that it has had record results for its Q1. The privately held, venture backed firm said it saw over 350 percent revenue growth in Q1 of 2012, although it did not disclose any actual financial information. Act-On is venture backed by Trinity Ventures, U.S. Venture Partners and Voyager Capital. The company, which was founded by Raghu Raghavan, also said it grew its employees by over 200 percent, although it did not say how many employees it hired. A chunk of the growth reported by the company is probably due to the acquisition of Marketbright by the company--and associated venture capital funding--in June of last year.