Ziff Davis Enterprise Gets $20M in Funding
Money said to help fuel acquisitions.
B-to-B publisher Ziff Davis Enterprise announced that it has received $20 million in funding from global investment group Bessemer Venture Partners.
According to ZDE CEO Steve Weitzner, the funding will “significantly accelerate the pace at which we can innovate and grow to best meet the challenging needs of our subscriber and b-to-b technology marketer client communities.”
ZDE hopes to use the money to fuel acquisitions and further develop its initiatives in audience development, social media and contextual content, the company says.
Private equity group Insight Venture Partners purchased Ziff Davis Enterprise from Ziff Davis Media last June for $150 million. Weitzner joined ZDE as CEO in January after his transition from CEO to head of international M&A and business development at former CMP Technology late last year.