Monday, November 23, 2009

ExactTarget Raises $70MM and Adds Technology Crossover Ventures to Board of Directors, David Yuan


ExactTarget Adds Technology Crossover Ventures to Board of Directors and raises $70 million. The company, a global provider of on-demand email marketing and one-to-one marketing solutions, announced today that David Yuan of Technology Crossover Ventures (TCV) has joined its board of directors following an investment in the company by the Silicon Valley-based venture fund.

"David and the TCV team bring tremendous experience leading the explosive growth of top-tier software and technology companies," said Scott Dorsey, co-founder and chief executive officer of ExactTarget. "David’s leadership and depth of experience will be invaluable to our team as we look to broaden our product platform and expand internationally."

"ExactTarget’s experienced and talented management team have built a clear industry leader for email marketing and one-to-one marketing solutions," said Yuan. "We are excited to help ExactTarget extend its leadership and capitalize on the exciting growth opportunities in the online marketing sector."

Since its inception in 1995, TCV has guided more than 40 companies through initial public offerings and currently has more than $7.7 billion under management.


About TCV
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. With $7.7 billion in capital under management, TCV has made growth equity and recapitalization investments in over 160 companies leading to 45 initial public offerings and more than 30 strategic sales or mergers. Representative investments include Altiris, eHarmony, Expedia, Fandango, Liquidnet, Netflix, RealNetworks, Redback Networks, Solect Technology, TechTarget, Travelport, Webroot, and Zillow. TCV has 11 partners and is headquartered in Palo Alto, California. For more information about TCV, visit www.tcv.com.

About ExactTarget
ExactTarget is a leading global provider of on-demand email and one-to-one marketing solutions. The company’s software as a service technology provides organizations a single platform to connect with customers via triggered and transactional email, integrated text messaging, voice messaging, landing pages and social media. Supported by collaborative global services teams, ExactTarget’s technology integrates with more sales and marketing information systems than any other in the industry, including Salesforce.com, Microsoft Dynamics CRM, Omniture and Webtrends among many others. ExactTarget’s software powers permission-based multi-channel communications for thousands of organizations around the world including Expedia.com, Aurora Fashions, Papa John’s, CareerBuilder.com, Gannett Co., Inc., The Leukemia & Lymphoma Society, The Home Depot and Wellpoint, Inc.


About David Yuan
David joined TCV in 2005 and has been in the venture capital industry since 2000. Prior to TCV, David worked as a Senior Associate at JPMorgan Partners, a $6B private equity fund, where he focused on enterprise software and Internet investments. Before JPMP, David was one of the first employees and director of business development and ad sales at 1stUp, an Internet Service Provider which was successfully sold to CMGi. David started his career in the San Francisco office for Bain & Company where he advised technology and private equity clients. David has also performed strategy and business development work in SAP’s Office of the CEO, as an assistant to the CEO at VMware, and in the corporate development group at KongZhong.David received an A.B. in Economics from Harvard University and an M.B.A. from Stanford Graduate School of Business. David currently serves on the board of Seismic Micro-Technology.

17 comments:

Anonymous said...

Great background. He must be a great executive admin. 2nd in charge at VMware and SAP.

Anonymous said...

Who needs an IPO when you can get great valuation with these growth equity funds.

Anonymous said...

It's a great deal for all involved. Cheers to all.

Anonymous said...

Venture capital is back with vigor.

Anonymous said...

Email marketing is a pretty name for spam

Anonymous said...

Dear comrads!

Is it a deal to change iTunes to MP3? I say NOPE :) Its really nervous not being able to play iTunes tracks with my $300 iriver!
Digging for a solution brings certain results. To [url=http://drm-removal.com/features/iTunestoMP3/convert_iTunes_to_MP3.htm]convert iTunes to MP3[/url] I used this tool drm removal (drm-removal.com or something like this, please ask me - will find that web again). I don't care what is drm - what I read, its something dealing with protection and nothing about iTunes.
But this tool really works for me and it converted quickly my iTuines entire library, including video files!.

What you your solution? Why itunes makes this foolishness? I didn't like ipods at all! They simple stuck and suck!
What is that drm that I loose converting my itunes to mp3?

thanks in advance!

Anonymous said...

Hi readers
Do not miss your chance to get a free iPhone 4G. Visit http://bit.ly/d9QOON

Anonymous said...

What a great web log. I spend hours on the net reading blogs, about tons of various subjects. I have to first of all give praise to whoever created your theme and second of all to you for writing what i can only describe as an fabulous article. I honestly believe there is a skill to writing articles that only very few posses and honestly you got it. The combining of demonstrative and upper-class content is by all odds super rare with the astronomic amount of blogs on the cyberspace.

Anonymous said...

Hey Τhere. Ι found уоur blog using msn.
Thіs is a really ωell wгitten аrticle.
I wіll make sure to bookmark it and return to rеad
more of your useful information. Thаnks foг the роst.
I will defіnіtely comeback.

Also vіsit my wеb blog ... mobile website design san diego

Anonymous said...

Ι hаve fun with, геsult in І found just whаt ӏ usеd to be taking a look
for. Υou've ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye

Feel free to surf to my website ... new york escort service

Anonymous said...

It would appear that In thаt location on unlike Ιnternet
merchanԁising teсhniques in οrder of magnіtudе tο booѕt ranking.
Ignore what I'm saying and be a tending of any taxpayers in this land is but crazy. please, inflict her personal page: Miami bodyguard avail is the one about best-loved by a lot of men. Dining With EscortsFor centuries, dining with a receive Kerala / Indian girls as good as Indian girls from other states wish Punjab .

my web blog - escorts nyc

Anonymous said...

Does your blog have a contact page? I'm having problems locating it but, I'd like to send
you an email. I've got some ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

Feel free to visit my homepage pure Garcinia cambogia

Anonymous said...

I am sure this article has touched all the
internet visitors, its really really pleasant piece
of writing on building up new weblog.

Here is my webpage best free backup software

Anonymous said...

I do not even know how I ended up here, but I thought this post was good.
I don't know who you are but definitely you're going to a famous blogger if you aren't already ;) Cheers!

Also visit my homepage :: Garcinia cambogia

Anonymous said...

I love your blog.. very nice colors & theme.
Did you make this website yourself or did you hire someone
to do it for you? Plz reply as I'm looking to design my own blog and would like to know where u got this from. thanks

Also visit my web-site - garcinia cambogia extract

Anonymous said...

What's up, everything is going perfectly here and ofcourse every one is sharing data, that's really good, keep up writing.



My weblog; ab doer

Anonymous said...

This blog was... how do I say it? Relevant!! Finally I have found
something that helped me. Thanks!

Here is my blog post; Ab Glider Reviews