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Clickability Secures $8 million in 2nd Round Venture Capital

2008 is looking very good for SaaS Web Content Management Provider, Clickability. Today they announced the closing of $8 million in a second round of venture capital funding led by Shasta Ventures.

Side by side with this announcement, they also announce the introduction of a number of new executives that come from some very influential companies: ZDNet, Salesforce.com and AOL.

New to the Clickability Board of Directors is Shasta Ventures managing director Ravi Mohan. Convergence Partners, who financed the initial venture capital round, also played a role in this second round of financing.

Clickability’s total equity financing now totals $15.3 million. The new funds will be used for several things:

• Capitalize on the explosive growth of the WCM market
• Increased sales and marketing activities
• Enlarge its product and software infrastructure development
• Continue worldwide operational expansion

It’s clear to see why they need this funding. In the last year and a half their sales pipeline has more than quadrupled. In addition, their sales and revenues have doubled in size. All this means the potential to add even more top named clients to their portfolio.

According to Ravi Mohan of Shasta Ventures, “We firmly believe that Clickability’s domain expertise in on demand Web Content Management, rapid technology innovation, and client-focused corporate culture is unparalleled in the industry. In fact, it places them in a class of their own”.

Additions to Clickability’s Executive Team

There are three new additions to the Clickability Executive team. All three have extensive domain experience and have worked for industry-leading companies prior to joining Clickability. They include:

• Robert Carroll – VP Marketing
• Pat Schoof – VP Human Resources
• Amy McCarthy – Director of Channels

Robert Carroll will be responsible for crafting and executing Clickability’s global marketing strategy. He has over 20 years experience working for companies like ZDNet and AOL. An interesting note is that he was on the founding team of GNN, the first commercial website.

They nabbed Pat Schoof from Shutterfly, Inc. Other past companies include saleforce.com and Network Associates. Her responsibilities include leading the organizational design, practices and policies for the company and recruitment.

As Director of Channels, Amy McCarthy will be responsible for developing partnerships with best of breed solution providers that will enhance Clickability’s service offering.

Clickability is currently the only Web Content Management Provider to offer a full end-to-end SaaS platform. This new round of funding and changes to their management team demonstrate their desire to continue to offer an industry leading solution.

We recently took the time to review the Clickability Platform for our Quick Take Review Series. Watch for this review coming to your channel next week.

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