CrownPeak Secures $6 Million in Second
Round Financing
Los Angeles, CA – June 1, 2008 –
CrownPeak (www.crownpeak.com), the company defining the future of content
management, today announced it has closed $6 Million in a second round of
financing, bringing its total raised in two rounds to $10.25 Million. SunAmerica Ventures was the lead
firm in this round, with additional financing from existing investors Sigma
Partners and Altos Ventures, both of CrownPeak’s Series A investors.
The company will use the funds to
accelerate new product development initiatives, and further its leadership
position in the content management industry with ongoing investments in
marketing. Troy Fukumoto from
SunAmerica Ventures will join the CrownPeak board, which includes Jim Howard and
Carl Sutter from CrownPeak, Bob Spinner from Sigma Partners and Anthony Lee from
Altos Ventures.
“Adding SunAmerica to our
investment group, along with the renewed commitment of our initial investors is
great news for CrownPeak and our customers," said Jim Howard, chief executive
officer of CrownPeak. "CrownPeak has fundamentally changed the way organizations
manage web sites. Because we’re a
customer-focused software service, it’s our job to make our customers
happy. We’ll be using this new
investment money to continue to improve and expand our products and services
with our focus on customer value.”
"We are pleased to have CrownPeak
join SunAmerica Ventures’ investment portfolio,” said Troy Fukumoto, Managing
Director with SunAmerica Ventures. “When you combine market factors with the
strength of the CrownPeak team and their track record of success, it made for a
compelling investment opportunity.”
“CrownPeak is fortunate to be
working with three prestigious and highly experienced firms,” said Howard.
“In addition to financial backing, our partners have the experience to help
guide our business over many years of sustained high growth.”
About CrownPeak
CrownPeak is the market leader in
on-demand web site software.
CrownPeak’s unique combination of software and services give Web site
managers complete control over the critical functions involved in delivering a
successful, revenue-driving Web site.
Hundreds of diverse organizations
such as 3M, ING, Hyundai Motors, Home Depot, EMI Music, the State of Virginia and the National
Institutes of Health have realized the value in CrownPeak’s software’s renowned
ease-of-use, and its 24x7 customer support and guaranteed response times. CrownPeak’s ContentManagement.com also
provides easy to use and cost-effective solutions for smaller and mid-sized
organizations. CrownPeak has been named to EContent’s 100 most influential
companies list, has won eWeek’s prestigious Analysts Choice Award and
InfoWorld’s Product of the Year Award and has been named a finalist for Best
Customer Service from the American Business "Stevie" Awards for the last two
years.
Media Contact:
Edward Yang
edward@firecrackerpr.com,
(949)
500-6422
www.firecrackerpr.com
