Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0dd80802-0f1e-4a3e-b969-62542a902cba&Preview=1
Date 3/3/2008
Company Name Mzinga
Mailing Address 154 Middlesex Turnpike Burlington, ME 01803
Company Description Mzinga is the leading provider of business social media solutions to drive growth, innovation, and learning. Its combination of highly scalable technology, rich domain expertise, and moderation services enables businesses to harness the collective intelligence of employees, customers, and partners to achieve tangible business results. Marketing, customer service, and human resources professionals deploy Mzinga’s “pervasive community” solutions to achieve higher revenues, lower costs, and greater workplace satisfaction.
Proceeds Purposes Mzinga plans to use this new funding to accelerate product development in response to increased demand, expand into new market segments, and increase sales and marketing investments. In support of these goals, a portion of the proceeds is being used to finance Mzinga’s recent acquisition of Prospero Technologies, a Massachusetts-based social media provider with a strong client base in the media, entertainment, and publishing sectors.
