Constant Contact Files to Go Public
E-mail marketing and online survey firm Constant Contact of Waltham has filed papers for an IPO. The company, which was incorporated in 1995 as Roving Software, plans to be traded on the NASDAQ exchange under the symbol CTCT. With more than 100,000 customers, mainly small businesses and organizations, the company reported 2006 sales of $27.55 million, nearly double 2005 figures, according to the Boston Globe. The company’s losses, however, widened last year from just over $1 million to nearly $8 million.
Constant Contact’s board members include representatives of Commonwealth Capital Ventures, Morgan Stanley Venture Partners, and Greylock Partners.