DotNetNuke Garners Series A Financing
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Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6bdb657-9e1f-4b85-87d6-21ec3fcc21d5&Preview=1 -
Date
11/27/2008 -
Company Name
DotNetNuke -
Mailing Address
Two Union Square 601 Union Street Seattle, WA 98101 -
Company Description
DotNetNuke Corporation is the official Project Owner and Maintainer of the DotNetNuke® Web Application Framework, the largest and most successful open source project native to the Microsoft platform. DotNetNuke Corporation is a privately held corporation with head offices in Seattle, Washington. -
Website
http://www.dotnetnukecorp.com -
Transaction Type
Venture Equity -
Transaction Amount
Undisclosed -
Transaction Round
Series A -
Proceeds Purposes
The new funds will be used to accelerate product development and expand marketing, sales and support infrastructure to meet the growing enterprise demand for DotNetNuke® products and services. -
M&A Terms
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Venture Investor
August Capital -
Venture Investor
Sierra Ventures
12/2/08 9:20 pm
Congrats to the DNN team, they’ve done a great job.
I just thought I’d provide a link to some case studies from DNN based projects for those that might not be aware of the scope and flexibility of the DNN framework.
Also, of note, many of these case studies use Dojo on DNN. This is of interest because many people feel Dojo is a LAMP stack toolkit only.
http://www.theschafergroup.com/SuccessStories/CaseStudies/tabid/2746/Default.aspx
Hopefully this round of financing will help solidify DNN’s position in the CMS space overall and not just the .net enthusiast crowd.
To Your Success,
Brad